On September 7th, it was reported that WM Motor, a new force in car manufacturing that had been rumored to have gone bankrupt for a long time, has recently reappeared in front of the public. On September 6th, WM Motor announced the signature as Xiangfei Motors&Co; The "White Paper to Suppliers" of the New WM Motor project team states that according to the restructuring plan approved by the court on April 3, 2025, Xiangfei has taken over WM Motor Company 4 and is making every effort to promote the rapid resumption of mass production of WM Motor EX5 and E5 models at the Wenzhou base. According to the plan, WM Motor plans to challenge production of 1 million units and generate revenue of 120 billion yuan by 2030.
The communication contact person shown in the white paper stated that Weima Wenzhou base has started resuming production, and some vehicles have been taken offline and are now being sold. "More than ten vehicles have been taken offline, mainly used for market expansion." There will be new sales stores in the future, and a press conference will also be held at that time. As for the specific timing, he admitted that it involves the company's core confidential marketing strategy and cannot be disclosed.
The aforementioned contact pointed out that the factory currently has more than 400 people, including basic workers, team leaders, workshop directors, etc., and is operating according to the normal system structure. Previously, notices were also sent to former WM Motor employees (such as when to start, etc.), "recalling" old employees while vigorously recruiting. "We are currently recruiting for various positions." A former WM Motor employee revealed that two months ago, he was asked by his former leader if he wanted to go back. "Generally, if he wanted to go back, he could go back and renegotiate his salary." However, the people in his original department did not plan to go back, and "going back is also unstable
