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China’s WM Motors To Bring Affordable EVs To The Masses
A new electric vehicle startup, called WM Motor, is set to introduce affordable EV motoring to Chinese buyers aiming to deliver mass-market appeal, in contrast to the premium approach behind companies like Fisker Inc and Tesla. The entrepreneur behind
A new electric vehicle startup, called WM Motor, is set to introduce affordable EV motoring to Chinese buyers aiming to deliver mass-market appeal, in contrast to the premium approach behind companies like Fisker Inc and Tesla.
The entrepreneur behind the new company, Freeman Shen, is a former Geely executive and was instrumental in the Chinese company’s purchase of Volvo. Now, his new operation has raised over US$1 billion with a targeted production start date set for 2018.