Feb 08, 2023 07:44 PM

BUSINESS

WM Motor Dealers Are Turning Out the Lights

By An Limin and Ding Yi

The WM Motor User Center in Fangshan District, Beijing is closed and empty. Photo: An Limin/Caixin

The WM Motor User Center in Fangshan District, Beijing is closed and empty. Photo: An Limin/Caixin

Some dealerships in WM Motor Holdings Ltd.’s network have halted operations due to supply chain disruptions, casting a shadow over the money-losing electric vehicle (EV) startup as it vies with a crowded field of rivals in the world’s largest auto market.

The closures could deal a fresh blow to the Shanghai-based firm, which is exploring a back-door listing in Hong Kong using a smart mobility solutions company backed by billionaire Li Ka-shing.

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