According to a report by Caijing, a source close to WM Motor revealed that its leading investors have confirmed the D round of financing. After its completion, WM Motor will strive be listed first new energy carmaker on the Sci-tech Innovation Board (STAR Market).
Recently, WM Motor and Wenzhou Chengfa Group signed a strategic cooperation agreement, which confirmed the two parties’ concentrated cooperation on the new infrastructure and the 5G smart driving industry.
According to the data from Tianyancha, on June 1, Hubei Xinghui Zhixing Automobile Sales Co., Ltd. was established.
The company’s registered capital is 500 million yuan, and its legal representative is Zhou Chen. It is wholly-owned by Weimar Automobile Technology Group Co., Ltd.