Startup WM Motor Prepares to Take On Tesla In China’s Mass EV Market

By Jon LeSage Chinese electric car startup WM Motor wants to take on Tesla, but more on the affordable Model 3 side.
The company is aiming to become a provider of smart, connected mobility services in China’s fast-growing cities. It differs from Tesla and other start-ups in this space in that the three EVs it aims to launch in the next couple years are not shooting for the upscale price range.
According to a Reuters report from Shanghai, WM Motor already has 900 employees, and a $15 million monthly payroll. But unlike other aspirants such as LeSee, NextEV, Future Mobility and Qiantu Motor, its funding

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