
Chinese tech giant Tencent Holdings Ltd. and Sequoia Capital China have invested in Chinese electric vehicle developer WM Motor, backing the second EV start-up in China for both investors. Tencent and Sequoia China previously invested in Chinese EV firm NIO, which is valued at US$2.9 billion.

UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Want to read this important story?
Access thousands of news articles and data posts over the past 9 years!