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Report Indicates WM Motor's Acquisition by Baoneng, with Vehicles Displayed at Baoneng's Exhibition Hall
1 day ago /
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Author：小编
Vehicles from WM Motor have made an appearance in Baoneng Automobile's exhibition center, sparking speculation regarding the automaker's status. Store personnel confirm that WM Motor has indeed been acquired by Baoneng Automobile and is currently in the midst of transitioning production qualifications and other pertinent assets. Notably, Shenzhen Xiangfei, which holds the sole investor role in WM Motor's bankruptcy reorganization, has a legal representative who is affiliated with a subsidiary of Baoneng Automobile. Amidst reports of senior executives departing Baoneng Automobile, the company has released a statement assuring that operations remain uninterrupted and that new vehicle launches are imminent.
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