Chinese electric carmaker WM Motor is seeking up to $1 billion in funding within the next six months as it targets one new model a year.
WM will be launching its new model, the EX6 SUV, at the Guangzhou Auto Show on Friday. Since going into mass production just over a year ago, the company now has over 20,000 cars on the road manufactured out of its facility in Guangzhou city.
Mitchell told CNBC's Arjun Kharpal that WM is closing in on completing construction of its second manufacturing facility in the Hubei province of China. WM Motor's EX5 electric vehicle on display at the Consumer Electronics Show Asia in Shanghai in June 2019."We're targeting a new product launch every year for the next several years," Mitchell said.
"A key excitement for us in the next six months is the second generation of our 'living engine' operating system. We've got our operating system incorporating machine learning around the WM ID, and some very interesting social features that we are incorporating with the second generation."There were also bullish sounds from fellow Chinese electric vehicle manufacturer Xpeng Motors, particularly on the subject of smart vehicles and automation.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Factbox: Ford bets Mustang muscle can sell an electric SUVFord Motor Co has tried and failed to generate interest in utilitarian electric ...
Baca lebih lajut »
Ford bets on an electric Mustang to charge its turnaroundThe Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los ...
Baca lebih lajut »
Ford ponies up on electric vehicles with Mustang-inspired SUVFord Motor Co. on Sunday unveiled its all-new fully electric vehicle, the Mustang Mach-E.
Baca lebih lajut »
Focus: Ford bets on an electric Mustang to charge its turnaroundThe Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los ...
Baca lebih lajut »
Beyond Meat vs Zhenmeat: The battle for China's meatless marketU.S. plant-based 'meat' makers targeting China like Impossible Foods a...
Baca lebih lajut »
Nissan recalls nearly 400,000 vehicles over braking system defectJapan's Nissan Motor Co Ltd has said it is recalling 394,025 cars ...
Baca lebih lajut »