Chinese EV startup WM Motor raising $288m; Baidu may lead round

Chinese EV startup WM Motor raising $288m; Baidu may lead round

Photo: WM Motor website

Chinese electric vehicle (EV) startup WM Motor Technology Co Ltd aims to raise at least 2 billion yuan ($288.33 million) in its latest funding round to finance growth, valuing the nearly four-year-old firm at over 20 billion yuan, two people told Reuters.

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