WM Motor Files For Bankruptcy | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
A victim of China's fast evolving EV market.
Source: carguide.ph
Apollo Future Mobility Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Sputtering WM Motor Hopes For Recharge From New U.S. Listing With Kaixin - Kaixin Auto Hldgs (NASDAQ:KXIN), Li Auto (NASDAQ:LI)
Key Takeaways: Kaixin Auto aims to become a new energy vehicle maker with its acquisition of WM Motor and another NEV maker, even as the industry heads toward consolidation
Source: benzinga.com
M&A activity related to electric vehicles decreased in the automotive industry in 2023
In the global automotive industry, there were 17 M&A deals announced in Q1 2023, worth a total value of $2.2bn, according to GlobalData's Deals Database.
Source: just-auto.com
Pay cuts and layoffs at China's WM Motor show EV Industry stress
Expectations were high for WM Motor Holdings Ltd., a Shanghai-based electric-vehicle maker backed by tech giant Baidu Inc. and started by a former Volvo AB executive. Now, it risks becoming yet another casualty of the slow-motion shakeout in China’s crowded EV market.
Source: livemint.com
Tesla rolls into a pressure cooker, Paris mulls its scooter future, and the double SPAC arrives
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.
Source: techcrunch.com