China's WM Motor to raise $500m in Series D funding amid clouds over STAR Market IPO

China's WM Motor to raise $500m in Series D funding amid clouds over STAR Market IPO

WM Motor's EX6 Plus smart, pure electric SUV. Source: WM Motor website

Chinese electric vehicle (EV) brand WM Motor is close to raising about $500 million in new funding, even as the firm faces a bumpy ride in its efforts to go public on Shanghai’s Nasdaq-style STAR Market.

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