Chinese electric vehicle startup WM Motor has filed for bankruptcy, citing operational challenges due to the pandemic, capital market sluggishness, and setbacks in gaining necessary capital. The court in Shanghai is handling the bankruptcy case.
Oct 10, 2023 - 15:30
Chinese electric vehicle startup WM Motor has filed for bankruptcy, citing operational challenges due to the pandemic, capital market sluggishness, and setbacks in gaining necessary capital. The court in Shanghai is handling the bankruptcy case.