WM Motor announces a 5-year development plan: plans to launch more than 10 new products, with an initial investment of 1 billion yuan for equipment upgrades, etc.

On September 6, Weima Motors' restructuring investor Shenzhen Xiangfei Automobile Sales Co., Ltd. released the "Supplier White Paper" through Weima Motors' official WeChat account, announcing the related plans for the new Weima. They plan to launch 10 or more new products to the market in the next 5 years to meet the diverse demands of the global market. Xiangfei stated that they are making every effort to promote the rapid recovery of production for the Weima EX5 and E5 models at the Wenzhou base, with plans to produce a minimum of 10,000 units of the EX5 and E5 models by the end of 2025, striving for 20,000 units, with an estimated revenue of 1-2 billion yuan. According to the white paper, Xiangfei initially plans to invest 1 billion yuan for equipment upgrades, supply chain recovery, and product development.