Chinese EV startup WM Motor files for bankruptcy

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 EV startup WM Motor files for bankruptcy
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.