WM Motor
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WM Motor cuts employee salaries to cope with financial pressure, internal letter shows
The Covid epidemic, rising raw material costs, and untimely parts deliveries have severely impacted WM Motor's production and operations, said WM Motor's CEO.
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WM Motor reportedly cuts employees' salaries to ease financial strain
Starting in October, WM Motor is paying only 70 percent of normal salaries to regular employees and 50 percent to management, according to local media.
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WM Motor CEO downplays hype of 800V supercharging technology
While Xpeng CEO is excited about the upcoming start of laying out more powerful supercharging piles, WM Motor's helmsman is pouring cold water on it.
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WM Motor files for Hong Kong IPO
In 2019-2021, WM Motor had vehicle sales of 12,799, 21,937 and 44,152 units respectively.
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WM Motor delivers 3,309 vehicles in April, down 40% from March
Supply chains across China are in disruption because of the Covid outbreak, and WM Motor's manufacturing sites in Wenzhou and Huanggang have inevitably been affected, it said.
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WM Motor delivers 5,516 vehicles in March, up 211% year-on-year
Some of WM Motor's models saw price increases on March 1, amid price hikes by many Chinese automakers.
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WM Motor raises prices further by up to $4,090
After raising the prices of some models on March 1, WM Motor will raise prices again by 7,000 to 26,000 yuan ($4,090) starting March 28.
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WM Motor delivers 3,311 vehicles in Feb, up 310% year-on-year
WM Motor did not release delivery figures for most months last year, and this January's deliveries are so far unknown.
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WM Motor to launch new E.5 sedan at Beijing Auto Show
The WM Motor E.5 model was previously sold only to large customers and was used for ride-hailing.
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WM Motor becomes latest EV maker to raise prices
The prices of two versions of WM Motor's EX5-Z PRO have been raised by RMB 3,000 and RMB 4,000 respectively.
