Although it remains to be seen if the company can deliver a real product, reports usually position WM Motor as a competitor of Tesla. The investment exceeds those raised by its peers Nio, Xpeng Motors, and Li Auto which raised between RMB 15 billion and RMB 20 billion before going public on US stock markets. Fool newsletter … Baidu-backed Chinese electric vehicle (EV) startup WM Motor said on Tuesday it has raised 10 billion yuan ($1.47 billion) in its latest funding round. WM Motor is also the only carmaker of the “ fab four “—promising Chinese EV makers poised to take on Tesla according to a Deutsche Bank analyst—which hasn’t listed publicly. Chinese NEV Startups Hozon, WM Motor Plan Shanghai IPOs Next Year (Yicai Global) Sept. 14 -- Chinese new energy vehicle startups Zhejiang Hozon New Energy Automobile and WM Motor Technology will go public on the Star Market, the Shanghai Stock Exchange's science and technology innovation board, in 2021, both firms told Yicai Global without … This stock is the perfect “in” on … Find the latest Waste Management, Inc. (WM) stock quote, history, news and other vital information to help you with your stock trading and investing. All rights reserved. China’s WM Motor will start pulling ahead of Tesla wannabes. Chinese Shares Retreat from Five-Year Highs; Auto Stocks Slide on Falling Car.. China 2020 Car Sales Drop 6.8%, Shrinking for Third Year -- 2nd Update, China's Baidu to create an intelligent EV company with automaker Geely, CHONGQING CHANGAN AUTOMOBILE COMPANY LIMITED, Chief Financial Officer & Board Secretary. WM Motor has a team looking into proposals for an IPO in the U.S., Hong Kong or China, Chief Executive Officer Freeman Shen said, without giving a timing for a listing. Prior to WM Motor, Lu served as the deputy general manager of the sales company of Geely, mainly researching user needs, brand and market planning, and responsible for the implementation of the company's new brand strategy. Founded in 2015, WM Motor designs, manufactures and markets affordable battery electric vehicles under the Weltmeister brand. Chinese startup WM Motor has raised around 400 million euros in a financing round led by China’s Google, Baidu. Other investors in the new round of funding for WM Motors are Linear Venture and the Taihang Industrial Fund. The company aims to conserve electronic vehicles in addition to intelligent data hardware, enabling consumers to utilize smart cars that are efficient . WM Motor joins the growing list of Chinese electric car startups. It is one of the country's biggest grocers, and has seen earnings balloon in the age of Covid-19. WM Motor’s battery suppliers include Contemporary Amperex Technology, Zhejiang Gushen Energy Technology, Suzhou Yuliang Battery, Tianjin Lishen Battery Joint-Stock, Jiangsu Tafel New Energy Technology, REPT Energy and ZTE Gaoneng Technology. As enthusiasm builds for more climate-friendly vehicles, shares of EV makers, including Tesla Inc and Nio Inc, have surged in recent months and auto makers are looking to the markets for funds. WM Motor says it already raised a total … WM Motor is an automotive company that designs, manufactures, develops, and markets energy and battery-operated vehicles. This has the data company serving in a similar role to WM Motor as it is the unnamed company from today’s news. However, Lucid Motors stock fits the mold of high-growth, disruptive business models that the Fool typically recommends. Waste Management in a steady bull run since the crash in March. In total, the EV maker (WM … The aspiring Tesla rival completed its series-C … JG stock is experiencing heavy trading today on the Aurora Mobile news. The company is eyeing a STAR board listing and has started preparing for it, sources familiar with the matter said. WM Motors revealed that it has now raised RMB 12 billion ($2.2 Billion) as of December 11th. (Reporting by Yilei Sun and Brenda Goh; Editing by Shounak Dasgupta), End-of-day quote Shanghai Stock Exchange - 01/20, Germany's Audi Partners with SAIC to Expand Presence in China, UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH), E-Commerce Titan Alibaba Links with SAIC Motor in Battery-Car JV. It provides energy vehicle products and travel solutions to its customers. So is Kroger stock a buy right now? Waste Management Inc. Stock , WM. Investors in WM's latest funding round include Shanghai's state-owned asset regulator's investment firms and SAIC Motor. “WM Motor, seen as one of the promising start-ups that could compete with Tesla, has to accelerate its pace for an IPO on the market.” … Shanghai-based WM's local rivals Li Auto Inc , Xpeng Inc are listed in New York. Subscribe to Premium to view Fair Value for WM. WM Motor Technology Co. is weighing an initial public offering in Shanghai as rival electric vehicle manufacturers battle for a domestic market increasingly dominated by … 76.4% of retail CFD accounts lose money. Currency in USD, Trade prices are not sourced from all markets, Internet + TV bundles that save you money. WM did not disclose its valuation after the funding. Freeman established WM Motor in 2015 alongside a team of leading automotive industry veterans with over 150 years of collective experience in automotive … To date, WM Motor has completed six rounds of financing of which the total amount racks up to a staggering CNY 17 billion. The investment is to flow mostly into R&D as WM Motors and Baidu start their ‘Intelligent Vehicle Joint Research Center’. WM Motor is an emerging leader in the Chinese electric passenger vehicle market, with a focus on a mass market audience. EX5 SUV . It did not name the supplier involved in the recall. A WM Motor spokesperson said it had no comment on the IPO. The Shanghai-based upstart chose a different path to Elon Musk and compatriots such as … These levels will hold strong moving forward. Company profile page for WM Motor Technology Co Ltd including stock price, company news, press releases, executives, board members, and contact information © 2021 Verizon Media. The portfolio of WM Motor's new investors highlight the growing reliance of EV startups … Before WM Motor’s listing, leading domestic EV-making forces, NIO, LI Auto, and Xpeng Motors, have consecutively listed their shares on the US stock market. Prior to the listing of WM Motor, NIO, Lixiang, and XPEV have been listed successively, forming the "Three Kingdoms" of Chinese new energy carmakers in the US stock market. If the plan proceeds, WM Motor will become the first domestic EV firm listed on the STAR Market. Lagging behind, WM Motor is making every effort to become the “first stock of new energy on the Science and Technology Innovation Board”. ~ The stock currently sits above what has proven to be strong support @ $113 which could offer as a decent entry point considering our next support is at $107. and energy conserving. When the Motley Fool recommends a company, there is usually an immediate spike in the price. Spread the love: Company Related {{bio}} More Stories. Chinese electric vehicle startup WM Motor has brought in new funds to help it advance its growth plans. Get the fastest Internet starting speeds to stream and surf—plus watch TV Live or On Demand—with Spectrum Internet + TV, A look at the advantage of these two investors, Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - NYSE Delayed Price. … As mentioned above, the EX5 is a fully electric SUV that … The funding will help WM further develop intelligent vehicle technologies and expand sales channels. IPO stocks are exciting – but the wait before your investment pays off can be lengthy (if it comes at all). WM Motor… WM | Complete Waste Management Inc. stock news by MarketWatch. There have been four fires this month related to WM Motor’s EX5, its first … Chinese electric carmaker WM Motor is seeking up to $1 billion in funding within the next six months as it targets one new model a year. Considering the Fool’s early Tesla buy recommendation, I wouldn’t be surprised if Lucid Motors stock becomes a top pick after the IPO. Weltmeister (Chinese: 威马汽车) is an electric car brand owned by WM Motor Technology Co Ltd, a Shanghai-based automotive company specialised in the creation of battery electric vehicles (BEV's).It launched its first production car, the EX5 in May 2018 at the Beijing Auto Show, with deliveries starting in September 2018.WM investors include Chinese technology companies … 114.72 +0.08 +0.07% Official Close 1/15/2021 NYSE. As enthusiasm builds for more climate-friendly vehicles, shares of EV makers, including Tesla Inc and Nio Inc, have surged in recent months and auto makers are looking to the markets for funds. View real-time stock prices and stock quotes for a full financial overview. Add to watchlist Start Trading >> Plus500. Tags: ∗WM Motor | electric vehicle | EV | STAR Market. Electric SUV maker WM Motors is open to an IPO in the U.S., according to Automotive News. WM Motor’s Founder, Chairman and CEO, Freeman Shen, was previously Board Member and Group Vice President at Geely while serving as Chairman of Volvo Cars after overseeing its aquisition from Ford in 2010.

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