Looking back on the "first half of life" of WM Motor's car manufacturing, there have been glorious moments and trough stages.
In the early stage of car manufacturing, with the brilliant resume of founder Shen Hui (leading the team to complete Geely's acquisition of Volvo) and two vehicle factories, WM Motor became the "darling" of capital and completed the D round of 10 billion yuan. It is worth mentioning that this is the largest single round of financing in the history of new car manufacturers.
In terms of sales, WM Motor was not far behind, and the first EX5 model ranked first in the number of bicycle deliveries of new car-making forces that year.
However, unfortunately, due to several listing failures and the asset-heavy front-loading strategy, WM Motor's cash flow has been in trouble and it is experiencing a trough period.
However, WM Motor did not lose heart, and repeatedly expressed its determination to actively save itself, and its founder even shouted the slogan of "live like an animal".
By carrying out self-rescue actions such as overseas markets and laying out the power battery field, WM Motor's crisis has been suspended. However, WM Motor is still one chance away from really getting out of trouble, a chance to be invested by capital.
As mentioned above, WM Motor has cash flow problems, and once capital is added, WM Motor will have sufficient funds to promote the resumption of work and production.
In the past, WM Motor attracted the attention of capital. So, can WM Motor still attract capital now?
Yes, and there are quite a few of them. At present, the reorganization process of WM Motor has been officially launched, and a creditors' meeting will be held in March. It is understood that WM Motor has received investment intentions from a number of institutions, and it is likely that there will be other interested strategic investors in the future.
The reason why WM Motor has been able to attract the favor of capital again is because of its investment value. The two vehicle plants, production qualifications, and core technologies related to new energy vehicles are all advantages of WM Motor. Therefore, this also gives WM Motor hope for resurrection, and is expected to return to the new energy vehicle track.