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Top stories of WM Motor in 2020
Top stories of WM Motor in 2020

Let’s review the noteworthy stories for WM Motor’s 2020.

Feb. 11 , 2021
WM Motor gets 11.5 billion yuan credit line
WM Motor gets 11.5 billion yuan credit line

Chinese EV startup WM Motor said on Feb. 9 it formed strategic partnerships with a number of banks and financial institutes for a line of credit worth 11.5 billion yuan ($1.783 billion).

Feb. 9 , 2021
WM Motor’s new SUV co-developed with Baidu comes off production line
WM Motor’s new SUV co-developed with Baidu comes off production line

The W6, an EV model jointly developed by WM Motor and Baidu, rolled off the assembly line on Jan. 19 at the startups’ Hubei manufacturing base and is expected for delivery in the first half of 2021, according to a local media outlet.

Jan. 19 , 2021
WM Motor invests in Hunan-based software tech company
WM Motor invests in Hunan-based software tech company

WM Motor Technology Group Company Limited (WM Motor) has acquired 15% stake in a Hunan-based software tech company, joining the growing number of automakers that attempt to get a foothold in software domain.

Nov. 20 , 2020
SAIC Motor, GWM’s fuel cell tech developers forge partnership
SAIC Motor, GWM’s fuel cell tech developers forge partnership

SHPT and Weishi Energy Technology Co.,Ltd. (Weishi), the fuel cell-related product and technology developers under SAIC Motor and GWM, signed on November 11a frame agreement for the strategic cooperation on the R&D of parts related to fuel cells.

Nov. 12 , 2020
WM Motor kicks off pre-listing tutoring procedure
WM Motor kicks off pre-listing tutoring procedure

WM Smart Mobility Technology (Shanghai) Co., Ltd. (called “WM Mobility” for short), the parent of Chinese EV startup WM Motor, started its pre-listing tutoring procedure on September 30, a local media outlet reported on October 13.

Oct. 15 , 2020