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.



They have lasted a short time. XPeng opened reservations for the P5 electric car for European customers in March. But everyone is going to have to wait. The Chinese manufacturer does not believe it can meet the expected delivery… Continue reading

The new Renault City K-ZE opens a new chapter for the French manufacturer. City K-ZE is an electric SUV that earns its place on the most developed market for zero emission vehicles. Six months after the presentation of… Continue reading

The Chinese car market is transitioning rapidly to electromobility, but German automakers need help to keep up. According to a recent report in the Handelsblatt, Volkswagen recorded a 2.4 percent market share for its all-electric vehicles in… Continue reading

Electric car sales almost doubled in the first half of 2019, compared to the first six months of last year. 100% electric vehicles registered an increase of 92% during this period, with 765,000 units being sold globally. According to JATO… Continue reading