Chinese electric vehicle startup WM Motor has gone bankrupt amid difficult market conditions. Reuters reports this.
It is noted that WM Motor, backed by technology giant Baidu Inc., has faced financial difficulties in recent months. Problems arose against the background of the coronavirus pandemic, as well as due to rising prices for raw materials and an acute shortage of chips.
The company plans to continue regular servicing of its vehicles at more than 100 dealerships across China. Nothing is yet known about the future fate of the brand.
Before this, it became known that the Voyah Dream hybrid and electric minivans will receive a new rich First package with four seats on the Russian market. The price of the new version has not been announced.
Earlier it was reported that Chinese automaker Haopin showed a Ferrari-style SSR supercar.
2023-10-10 07:00:33
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