WM Motor’s EX6 Plus model. The company has a manufacturing facility in Wenzhou, Zhejiang province with a capacity of 100,000 units a year. Photo: Handout WM Motor’s EX6 Plus model. The company has a manufacturing facility in Wenzhou, Zhejiang province with a capacity of 100,000 units a year. Photo: Handout
WM Motor’s EX6 Plus model. The company has a manufacturing facility in Wenzhou, Zhejiang province with a capacity of 100,000 units a year. Photo: Handout

Chinese Tesla challenger WM Motor completes US$1.5 billion financing as it looks to tap growing electric car demand

  • The Series D round of financing was led by a Shanghai state-owned investor group, including SAIC Motor
  • Baidu and Susquehanna International Group topped up their investments in WM Motor

Topic |   Electric cars
WM Motor’s EX6 Plus model. The company has a manufacturing facility in Wenzhou, Zhejiang province with a capacity of 100,000 units a year. Photo: Handout WM Motor’s EX6 Plus model. The company has a manufacturing facility in Wenzhou, Zhejiang province with a capacity of 100,000 units a year. Photo: Handout
WM Motor’s EX6 Plus model. The company has a manufacturing facility in Wenzhou, Zhejiang province with a capacity of 100,000 units a year. Photo: Handout
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