WM Motor’s concept car Maven on display at the Beijing International Automotive Exhibition, or Auto China show, in the Chinese capital on September 27, 2020. Photo: Reuters.
WM Motor’s concept car Maven on display at the Beijing International Automotive Exhibition, or Auto China show, in the Chinese capital on September 27, 2020. Photo: Reuters.

China’s electric car start-ups turn to private equity, venture capital for funds as they are turned away from Shanghai’s Star Market

  • Evergrande New Energy Vehicle Group, Geely Automobile and WM Motor Technology were recently turned away by Star Market
  • WM Motor has since raised US$300 million this month in a series D1 round led by PCCW and Shun Tak Holdinsg

Topic |   Electric cars
WM Motor’s concept car Maven on display at the Beijing International Automotive Exhibition, or Auto China show, in the Chinese capital on September 27, 2020. Photo: Reuters.
WM Motor’s concept car Maven on display at the Beijing International Automotive Exhibition, or Auto China show, in the Chinese capital on September 27, 2020. Photo: Reuters.
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