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Chinese EV startup WM Motor files for bankruptcy as price competition heats up

Just last week, we wrote about Lucid Motors following a report that the electric vehicle startup lost $338,000 for every electric vehicle sold. This news was a big blow to the company, which has been struggling to stay afloat after
The post Chinese EV startup WM Motor files for bankruptcy as price competition heats up first appeared on TechStartups.

Just last week, we wrote about Lucid Motors following a report that the electric vehicle startup lost $338,000 for every electric vehicle sold. This news was a big blow to the company, which has been struggling to stay afloat after […]

The post Chinese EV startup WM Motor files for bankruptcy as price competition heats up first appeared on TechStartups.

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