WM Motor’s W6 electric SUV. Photo: Weibo
WM Motor’s W6 electric SUV. Photo: Weibo

Chinese EV start-up WM Motor moves towards back-door listing in Hong Kong as Apollo Future Mobility plans reverse merger

  • A unit of Hong Kong-listed Apollo plans to acquire the embattled electric-car maker for US$2.02 billion, according to a stock-exchange filing
  • Apollo plans to raise HK$3.92 billion (US$501.8 million) by floating 7.1 billion additional shares as part of the reverse-merger deal

WM Motor’s W6 electric SUV. Photo: Weibo
WM Motor’s W6 electric SUV. Photo: Weibo
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