威马汽车停摆两年多又复活！放话将启动IPO筹备，挑战年产100万辆

Core Viewpoint - WM Motor has released a white paper outlining its ambitious recovery and growth plans under the management of Shenzhen Xiangfei Automotive Sales Co., aiming for significant production and sales targets by 2030 [2][3][4]. Group 1: Recovery and Growth Plans - WM Motor plans to resume production of the EX5 and E5 models by September 2025, targeting annual production and sales of 10,000 units, with aspirations to reach 20,000 units [2]. - The company aims to produce 100,000 vehicles by 2026 and has set a long-term goal of producing 1 million vehicles by 2030, with projected revenue of 120 billion yuan [4]. - The product strategy includes launching over 10 new models in the next five years, covering various vehicle categories from A00 to C level [4]. Group 2: Management and Ownership Structure - Shenzhen Xiangfei, the new management entity, has close ties to Baoneng Automotive, raising concerns about its financial stability and operational capabilities [4][6]. - Shenzhen Xiangfei was established in September 2023 with a registered capital of only 100 million yuan, which may limit its ability to meet ambitious production targets [6]. - Baoneng Automotive has faced significant financial challenges, including being listed as a dishonest executor multiple times and having substantial amounts involved in legal disputes [6].