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WM Motor’s struggle highlights the challenges smaller companies and new startups face in China’s fiercely competitive EV market. China’s electric vehicle (EV) landscape is witnessing a significant development as WM Motor, a notable player in the industry, officially filed for bankruptcy protection in a Shanghai court. The announcement came through a
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The company displays a range of eco-friendly products, emphasizing its vision of committing to “bring new products, technologies, investments and set up new facilities in India.”Japanese multinational corporation Suzuki Motor Corporation’s Indian Unit has unveiled a concept electric SUV called ‘eVX.” The company announced the new EV at the Auto
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A motor industry employee has been sentenced to eight months' imprisonment, suspended for two years, in a prosecution brought by the Information
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Ford stock has entered a free fall, touching 11-year lows. The company reported losses in Q4 earnings and was only able to pay dividends because of its financial arm. Steeply rising auto loan delinquencies and a weak industry outlook will push Ford Motor Company into bankruptcy. Ford Motor Company
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