Caixin
Mar 10, 2023 06:28 AM
BUSINESS

WM Motor Seeks Parts Suppliers to Resume Production

WM Motor suspended production in the second half of 2022 after a series of setbacks.
WM Motor suspended production in the second half of 2022 after a series of setbacks.

Troubled Chinese electric-vehicle maker WM Motor Holdings Ltd. is trying to find new parts suppliers and new investors to help it resume production halted last year when it ran out of money, the Shanghai-based company said Tuesday.

Two company factories in Wenzhou, Zhejiang province, and Guanggang, Hubei province, suspended production in the second half of 2022 after suppliers quit delivering components when the company delayed paying their bills. That left unfinished vehicles at the factories.

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