Today, the official sales figures for WM Motor in August were released, showing that the company sold 2,057 cars, a year-on-year increase of 143%, and it has seen six consecutive months of growth.
In terms of assisted driving, WM Motor users have driven a total distance of over 500 million kilometers, of which EX5 users have driven with assisted driving for a cumulative total of 31.45 million kilometers.
As of today, the “Thousand Cities, Thousand Stores” plan of WM Motor has already opened 94 new stores, with 30 new stores added in August alone.
Currently, the sales of the EX5 model have steadily increased, which is a positive sign for WM Motor’s IPO on the Science and Technology Innovation Board. Earlier, WM Motor had already changed its company nature from a “limited company” to a “joint stock limited company”. WM Motor is expected to complete its Series D financing in early September and start applying for the Science and Technology Innovation Board at the end of September, aiming to be listed on the board by early 2021.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.