2017-04-19

Shanghai

Reuters | China EV makers to take on Tesla's Model 3 through price, local manufacture

It's not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc's "mass market" Model 3 sedan.For leading Chinese electric vehicle (EV) start-ups such as Future Mobility, WM Motor and Singulato Motors, the key is that they will produce their cars locally, making them better able to match the Model 3's price......

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2017-01-18

Shanghai

China Automotive Review | WM Motor: “Weltmeister” of EV ecosystem?

Founded in 2015, WM Motor is an emerging EV company and mobility solution provider in China. WM was named after the German word “Weltmeister,” which means world champion. While other Chinese EV startups including Singulato (formerly known as Zhiche Auto), LeEco, NextEV and Future Mobility are led by ‘disrupters’ from the IT industry, Freeman Shen is a “defector’ from the automotive industry. To learn WM Motor you have to know Freeman Shen, its founder, chairman and CEO. His vision for the company is to build a mainstream smart vehicle that customers are willing to buy even without subsidies......

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2016-11-28

Shanghai

Forbes | The Audacity Of China EV Unicorn WM Motor--On Display Soon

Imagine this: On your way home your smart car reminds you you haven’t got enough exercise today, and suggests you take a short walk. You get out for a walk home when you are close, and the car self-drives to your parking space and starts charging on its own."This will become a ubiquitous scenario in three years’ time," says Freeman Shen, founder, chairman and chief executive of China’s smart electric vehicle startup WM Motor, or more widely known as former chairman of Volvo China who oversaw the acquisition of the Swedish car giant by China’s auto maker Geely......

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2016-08-17

Shanghai

Bloomberg | Volvo Veteran-Led China Electric-Car Maker WM Raises $1 Billion

Freeman Shen left Volvo Cars owner Zhejiang Geely Holding Group Co. in 2014 and last year founded WM Motor, which he says has secured funding from both domestic and overseas investors. WM plans to introduce its first model in 2018 and boost production to more than 100,000 units annually within the following three years, he said Tuesday......

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2016-08-11

Shanghai

Reuters | Taking on Tesla: China's WM Motor sees mass market electric cars

One such 'defector' is Freeman Shen, who quit Chinese carmaker Geely two years ago to launch WM Motor, an EV start-up that aims to compete with Tesla Motors in China, the world's biggest autos market and one that encourages the new technology through policy and subsidies......

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