WM MOTORS ELECTRIC VEHICLES
The WM Motors electric vehicle strategy is to build a range of affordable mass market connected EVs. WM Motors founded in 2016 and not to be confused with a USA company by the same name, is headquartered in Shanghai with its assembly plant in Oujiangkou District, Wenzhou City in Zhejiang Province. The 50,000 unit plant is to start operating in 2018 and is constructed on a 165-acre site and will scale to 100,000 units in 2022. Although WM Motors, short for Weltmeister (World Champion) is German it is a 100% Chinese owned company. Weltmeister’s Chinese name, Weima, has a different meaning – powerful horse. The Chinese start-up was founded by Geely executive in charge of Volvo in China, Freeman Shen who raised over $1 billion making it a Chinese Unicorn ( a term for start-ups with a value of over $1 billion ). WM Motors plans to bring four models to life, all based on a single platform, named PL2. No data has been released on the platform but the company aims to build an SUV with a range of 450km at a price of $30,000 (200,000 yuan). The SUV will be followed by a new model every 12 months up to 2025.
WM Motors which is sometimes named the Tesla of China has been criticized by some industry observers for copying other cars such as the Mitsubishi Outlander, in the design process, a claim the company has vehemently denied. WM Motors have various cooperation agreements for the development of its EVs. On the hardware side it has partnered with various German technology companies such as Siemens, Bosch and since August 2017 with Isdera. On the tech side, it has agreements with Chinese tech and communications companies such as Huawei and China Unicom.
WM MOTORS EV MODELS
WM MOTORS PEOPLE MOVER
WM MOTORS SUV
WM MOTORS SEDAN
WM MOTORS WAGON
WM MOTORS EV SALES
Go to our detailed breakdown of Global EV Sales to see how the WM Motors electric car strategy fares to its competitors in the fast-growing EV market.
WM MOTORS ELECTRIC CARS IN THE NEWS
Week 34 2017 - WM Motors and German Isdera partners
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