Category: Electric

China’s $2 bln upstart-EV deal is very racy

WM Motor, a Chinese electric-car star that has fallen on hard times, is reversing into an ambitious Plan C. After two earlier attempts at an initial public offering floundered, the group founded by Zhejiang Geely veteran Freeman Shen will at last go public by selling its auto business to Hong Kong-listed Apollo Future Mobility for $2 billion.