Defunct WM Motor may unveil new model later this month, report says
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WM Motor, previously defunct, is expected to unveil a new model later this month as part of its comeback efforts. The company hinted at imminent developments regarding its restart, including product launches and service network expansions. Despite facing a financial crisis and undergoing bankruptcy proceedings, WM Motor has a new restructuring investor and plans to produce 10,000 to 20,000 vehicles this year, aiming for revenue between RMB 1 billion and RMB 2 billion. The company also intends to establish a KD assembly plant in Thailand to expand into Southeast Asian and Middle Eastern markets.
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