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Chinese Ev Startup Wm Motor Bags Usd300 Million Led By Hk’S Pccw, Shun Tak

Chinese Ev Startup Wm Motor Bags Usd300 Million Led By Hk’S Pccw, Shun Tak

10/08/21, 2:44 PM
Money raised
$300 million
WM Motor Holdings has secured over USD300 million in its latest funding round led by Hong Kong telecoms giant PWWC and conglomerate Shun Tak Holdings, the first time that the Chinese electric car startup has brought in investment from outside the mainland.

Company Info

Company
Wm Motor
Additional Info
A D2 series is also planned, which is expected to bring in a further USD200 million, the firm said.