WM Motor raises $1.47b in China's largest financing in an EV firm

WM Motor raises $1.47b in China's largest financing in an EV firm

Freeman Shen Hui, founder, chairman and CEO of Shanghai-based electric vehicle brand WM Motor. Source: WM Motor website

Shanghai-based WM Motor on Tuesday announced the completion of a Series D round of financing at 10 billion yuan ($1.47 billion), the largest financing in a Chinese electric vehicles (EVs) developer by far.

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