Chinese EV Start-Up WM Motor Nets $446M Fresh Funds From Returning Investor

Chinese electric vehicle (EV) start-up WM Motor Technology Co. has secured RMB3 billion (US$446.38 million) in a series C round of financing led by the country’s technology giant Baidu, said the company’s founder and CEO Freeman Shen Hui at a news briefing in Shanghai on Friday.

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