Enel X has signed a strategic agreement with Chinese electric car maker WM Motor to launch collaborations in several eMobility fields. The target markets that the duo will jointly target are Europe, China, Southeast Asia, the Middle East and South America.
Tag : Wm Motor
China's largest electric car makers have released their December 2020 sales figures, taking stock of the year as a whole. Towards the end of 2020, BYD and WM Motor both made gains, as did Nio and Xpeng Motors, with the latter duo posting new sales records for December.
Chinese electric car startup WM Motor expects to raise a total of $500 million from investors in a two-part Series D funding round. WM Motor plans to invest the fresh capital in the development of autonomous driving and other technologies and products, as well as in expanding its sales and service channels.
Chinese electric car startup WM Motor has unveiled its first sedan, called the M7, which is expected to offer an NEDC range of over 700 kilometers and go into mass production in 2022. Among other things, the model is expected to stand out with autonomous driving technology and a correspondingly high computing power.
In October, 368,000 New Energy Vehicles were sold in China, up both year-over-year and month-over-month, but the best-selling NEV in October did not come from BYD or Tesla.
Sales of New Energy Vehicles hit a new high for the year in November, with 429,000 NEVs sold in the previous month, significantly surpassing the previous record set in October (368,000 vehicles).