EX Model, WM Motors

WM Motors’ Searching Funds for the Series-D Production

WM (Weltmeister) Motors is a Chinese automobile company. It has been manufacturing electric vehicles since its foundation in 2015.

The company started the mass production of electric cars in 2018 and now it has more than 20,000 cars on the roads in China.

Expansion of Series-D Production

WM Motors is seeking investors for estimated funding of $ 1 billion to manufacture series-D of electric vehicles. On November 9, 2019, the company celebrated the anniversary of its first delivery of the cars.

Under the promise of ‘one model’ a year, the Chief Strategy Officer, Rupert Mitchell reported that the funding for the C-Series model was completed in the first quarter of 2019.

Currently, the company is looking for investments for the next plan­ of series-D production. The company aims at building its manufacturing units across China with an aim to accelerate mass production.

At present, the company has two manufacturing units in the Hubei province and in Guangzhou city.

WM Motors is now set off to launch the new model, the EX6 SUV soon after the debut of EX5 Pro model at the Shanghai Auto Expo on April 16, 2019.

The company made increased its resources and technology by entering into partnerships with China Post and Gree Electric on September 2 019. Recently, it partnered with the State Grid Corporation of China for producing public charging services.

WM Motors’ Core Technologies

The introduction of the new operating systems is the company’s primary agenda. WM Motors offers ‘Living Motion’, ‘Living Pilot’, and ‘Living Engine’ technologies and operating systems to cater to its numerous customers.

Living Engine is a core technology that brings new software applications such as music streaming, instant messaging, navigation, and video streaming.

It also has numerous applications that leverage facial and voice recognition technology for operating online music and videos streaming on the LCD display and environmental control system in the vehicle.

Sources:

  1. https://www.cnbc.com/2019/11/19/chinese-electric-car-maker-wm-motor-targets-1-billion-funding-round.html
  2. http://www.wm-motor.com/en/news.html
  3. https://insideevs.com/news/345695/ev-startup-wm-motors-reports-strong-q1-electric-car-sales/

I’m Roshan, a journalist, blogger and music lover. I like covering global news related to finance, business, and technology. Focusing on the collection of true and reliable information, I rely on working by conducting interviews with business leaders and talking to the inside sources of companies.

You can reach out to me at: [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *