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.
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According to the Swedish manufacturer, the Polestar 3, an electric performance SUV, will debut in October 2022. The Polestar 3 is the first electric SUV from the Swedish automaker. So naturally, Polestar is entering the rapidly expanding and… Continue reading
