WM Motor ประกาศล้มละลาย, แผนสําหรับการเริ่มต้นใหม่

Financially distressed Chinese รถยนต์ไฟฟ้า (อีวี) startup, WM Motor, has initiated bankruptcy proceedings as part of its strategy to revitalize the company through debt restructuring.

WM Motor Declares Bankruptcy, Plans for a Fresh Start - Car News - 1

The bankruptcy filing took place in Shanghai and was publicly disclosed on October 9 by China’s national enterprise bankruptcy information platform. The document indicates that WM Motor Technology Group Co. is the applicant, providing minimal additional details.

Following widespread discussion surrounding the case, WM Motor issued a statement on Weibo, outlining the reasons behind its decision. Despite experiencing significant growth since its establishment in late 2015, WM Motor has faced various challenges in recent years, including the impact of the Covid-19 pandemic, unfavorable conditions in the capital market, fluctuating raw material prices, and difficulties in securing capital.

อย่างไรก็ตาม, WM Motor remains determined to overcome these obstacles and aims to save the company by reevaluating its strategy and addressing its debt issues. The company highlighted that it still possesses commercial value and has creditors willing to participate in its reorganization efforts. ดังนั้น, WM Motor has submitted a pre-restructuring application to the Shanghai No. 3 Intermediate People’s Court.

WM Motor also intends to attract strategic investors from around the world as part of its rebirth plan. The company stated, “Through the pre-restructuring process, we will thoroughly assess the company’s operations and business model, optimizing each division and business to reduce costs, enhance efficiency, and achieve long-term sustainability.

In collaboration with creditors, shareholders, and potential investors, WM Motor aims to identify the most effective solutions. Throughout this process, the company will continue to provide customer service to its existing vehicle owners.

The statement concluded, “We will closely monitor market dynamics and industry trends while continually enhancing our products and services, with the goal of reemerging stronger after the pre-restructuring phase.

WM Motor was founded in a similar timeframe to other prominent Chinese EV manufacturers, including Nio, เซิง, and Li Auto, and had successfully delivered various models, such as the E5, EX5, EX6, and W6.