复产复工提速，威马汽车2亿元成立新公司

Core Viewpoint - The establishment of Zhima Xing (Wenzhou) New Energy Vehicle Sales Co., Ltd. marks a significant step in the market channel layout for WM Motor after its restructuring, accelerating the implementation of its "New WM" revival plan [2][5]. Group 1: Company Establishment - Zhima Xing has a registered capital of 200 million RMB and its business scope includes sales of new energy vehicles, electric vehicle accessories, and battery recycling [2][4]. - The company is wholly owned by WM Motor Manufacturing Wenzhou Co., Ltd., which is a subsidiary of WM Motor Technology Group, indicating that Zhima Xing will directly handle the sales functions for WM Motor's vehicle models [2][4]. Group 2: Restructuring and Investment - On September 6, WM Motor released a white paper stating that Shenzhen Xiangfei Automotive Sales Co., Ltd. has become the restructuring investor and new shareholder for WM Motor's four companies [5]. - The restructuring plan approved by the court on April 3, 2025, allows Xiangfei to take over the four companies and aims to quickly resume production of the EX5 and E5 models at the Wenzhou base [5][6]. Group 3: Development Plan - The "New WM" development plan outlines three phases: - Revival Phase (2025-2026) focuses on resuming production and market expansion, targeting annual production and sales of 10,000 units in 2025, with a goal of 20,000 units [6]. - Development Phase (2027-2028) aims for annual sales to increase from 250,000 to 400,000 units, while preparing for an IPO and advancing high-level assisted driving models [6]. - Leap Phase (2029-2030) targets an annual production of 1 million units and revenue of 120 billion RMB, aiming to establish a smart mobility ecosystem [6]. Group 4: Market Confidence - The establishment of Zhima Xing provides crucial support for the sales system of "New WM," while the clear development plan instills confidence in the industry and partners [6].