The new energy vehicle industry is full of opportunities and challenges. Affected by factors such as the decline of subsidies for raw materials and fierce competition, most of the new car-making forces are struggling to survive, and even some new car companies have been unable to maintain their daily operations. Among them is the sales champion of the new car-making force, WM Motor.
Over the past year, WM Motor has struggled to find a way to survive. For example, expand overseas markets and look for a second increment.
In July last year, WM Motor's official blog released a ** of WM Motor going to sea, and posted that it was "ready to go". It is reported that the destination of the voyage is Israel, and the Jupiter Leader Ro-Ro ship under NYK is loaded with 50 WM W5 models.
Another example is the layout of new energy vehicles related fields. In August of the same year, WM Motor joined hands with Jizhaojia Smart Heavy Industry Group and obtained an order for 200,000 logistics vehicles and sales trucks injected by the latter. This also means that WM Motor will enter the field of new energy commercial vehicles.
At the same time, Shen Hui, the founder of WM Motor, also went overseas to seek "asylum" of capital for WM Motor. With unremitting efforts, the U.S.-listed Kaixin Auto has reached a strategic cooperation with it. WM Motor will complete the backdoor listing with the help of Kaixin Auto.
In addition to Kaixin Auto, WM Motor will also receive support from other investors in the future.
It is reported that WM Motor is currently starting the reorganization process and plans to introduce strategic investors. It is worth noting that both domestic and international capital are actively approaching WM Motor.
In other words, WM Motor has the opportunity to be supported by all kinds of capital, and negative problems will be properly resolved.