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 - The article discusses the recent release of a white paper by WM Motor, indicating a significant restructuring and ambitious growth plans under the new management of Shenzhen Xiangfei Automotive Sales Co., Ltd. [3] Group 1: WM Motor's Recovery and Growth Plans - WM Motor has set an aggressive sales target, aiming for annual production and sales of 10,000 vehicles in 2025, with a goal of reaching 20,000 units [3] - The company plans to establish a KD factory in Thailand to expand into Southeast Asia and the Middle East markets [3] - By 2026, WM Motor aims to achieve a production volume of 100,000 vehicles [4] Group 2: Future Development Stages - From 2027 to 2028, WM Motor targets annual sales between 250,000 and 400,000 vehicles and will begin preparations for an IPO [4] - In the period from 2029 to 2030, the company challenges itself to produce 1 million vehicles and achieve revenue of 120 billion yuan [5] - WM Motor plans to introduce over 10 new models in the next five years, covering various vehicle categories including A00, A0, A, B, and C class cars, SUVs, and MPVs [5] Group 3: Concerns and Challenges - Despite the ambitious plans, there are concerns regarding the current state of after-sales service, which is not addressed in the white paper [6] - Shenzhen Xiangfei, the restructuring investor, has close ties to Baoneng Automotive, which has faced significant challenges, including being listed as a dishonest executor multiple times and having substantial financial issues [7][8] - The registered capital of Shenzhen Xiangfei is only 100 million yuan, raising questions about its capability to meet the ambitious production targets set by WM Motor [8]