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
Volkswagen has taken the wraps off its flagship electric sedan, the Volkswagen ID.7, which was recently revealed in China. This latest addition to the ID. series cars has been assembled by FAW-Volkswagen joint venture's plant in Guangdong,… 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
BMW has announced that it will move the production of most of its electric Minis from Oxford to China, where it has a joint venture with Great Wall Motor. The decision is based on improving efficiency and tapping into the growing Chinese… Continue reading
