The Chinese electric car startup WM Motor has been able to generate nearly 400 million euros in a financing round led by Baidu. Other investors in the new round are Linear Venture and the Taihang Industrial Fund.

The fresh capital should flow primarily into research and development. Among other things, Weimar Motors and Baidu are preparing a common research center for the development of autonomous driving solutions. 

In the spring of 2018, the company started selling the Electric-SUV in China. Three battery variants are available for ranges of 300, 400 or 460 kilometers.



The German automobile brand Volkswagen has started installing electric vehicle charging points in its German factories, a process through which it will launch 4,000 posts at its plants until 2025, the company said in a statement. The first 60… Continue reading

Volvo started production of Polestar 2 at the factory owned by the Chinese Geely Group in Luqiao, China. Polestar, a brand owned by Volvo, has started production of the Polestar 2 electric sedan. The new model will be a direct rival to the… Continue reading

Chinese automaker FAW has started constructing a new factory in Changchun that will produce electric cars for its premium brand "Hongqi". The completion of the factory is planned for 2022. FAW wants a capacity of 200,000 vehicles per… Continue reading

The first electric Lexus is based on the UX crossover and is called the UX 300e. The Japanese electric car is powered by a 204 HP electric motor with a 54.3 kWh lithium-ion battery guaranteed for 10 years or a million kilometres. For the UX… Continue reading