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 Chinese manufacturers of electric cars are better and better, they are growing fast and some are already beginning to be profitable. These, are the reasons that companies like XPeng have seen their stock market price rise. Like all manufacturers,… Continue reading

Nissan has presented at the Beijing Motor Show a new electric car. The Nissan Sylphy ZE looks like a Sentra, a popular model in China, but it is built on the Leaf platform (second generation). The electric car market in China is one of the… Continue reading

Triggo and Italdesign have approved an arrangement to offer Triggo’s electrical vehicle that overcomes traffic jams and parking space shortages into China. Italdesign, the leading design & engineering company in the… Continue reading

Tesla has secured funding for the first phase of its China plant in Shanghai. Tesla, Inc. electric car manufacturer has signed loan agreements with Chinese banks for up to 3.5 billion yuan (465 million euros or $521 million)… Continue reading