Core Viewpoint - WM Motor has announced its revival after a period of dormancy, with a new restructuring plan approved by the court and a new investor, Shenzhen Xiangfei Automotive Sales Co., Ltd. [1][2] Group 1: Company Operations - The design and procurement center of WM Motor in Shanghai has resumed operations since June, with approximately 30-40 employees currently working there [4] - The company plans to re-establish its dealer network and has received confirmed orders from overseas markets [9] - A professional team of 143 members has been formed, consisting of 78 employees from Xiangfei and 55 former WM Motor employees, with a goal to build a core team of 400 [9] Group 2: Financial Situation - WM Motor has faced significant financial difficulties, with total losses of 17.435 billion yuan from 2019 to 2021 and debts amounting to 20.367 billion yuan as of March 2024 [10] - The debt repayment plan includes full cash repayment for ordinary creditors with claims of 150,000 yuan or less within six months after the court approves the restructuring plan [10][11] Group 3: Future Plans - WM Motor has outlined a three-phase revival plan from 2025 to 2030, aiming to produce 100,000 vehicles annually and achieve revenue of 120 billion yuan by 2030 [14][15] - The company plans to launch over 10 new models in the next five years, covering various vehicle categories from A00 to C-class [15] Group 4: Investor Background - The new investor, Shenzhen Xiangfei, has connections to Baoneng Group, although the exact financial backers remain unclear [2][15]

Core Viewpoint - WM Motor has announced its revival after a period of dormancy, with a new restructuring plan approved by the court and a new investor, Shenzhen Xiangfei Automotive Sales Co., Ltd, outlining ambitious growth targets for the company [1][10][14]. Group 1: Company Status and Operations - WM Motor's design and procurement center in Shanghai has resumed operations with approximately 30-40 employees, primarily in procurement, IT, and HR roles, and is actively hiring [4][9]. - The main office building in Shanghai remains closed, indicating a mixed status of operations [2][3]. - The company has restarted its dealer network and received confirmed orders from overseas markets, with plans to invest 1 billion yuan in equipment upgrades and product development [9][14]. Group 2: Financial Situation - WM Motor has faced significant financial challenges, with total losses of 17.435 billion yuan from 2019 to 2021 and debts amounting to 20.367 billion yuan against assets of only 3.988 billion yuan as of March 2024 [10][11]. - The debt repayment plan includes full cash repayment for ordinary creditors with claims of 150,000 yuan or less within six months post-approval of the restructuring plan [10][11]. Group 3: Future Plans and Projections - The company has set a three-phase development plan from 2025 to 2030, aiming to produce 100,000 vehicles annually by 2030 and achieve revenues of 120 billion yuan [14][15]. - WM Motor plans to launch over 10 new models across various vehicle categories in the next five years, focusing on both pure electric and range-extended technologies [15]. Group 4: Investor Background - The new investor, Shenzhen Xiangfei, has connections to Baoneng Group, although the exact financial backers remain unclear [15].