Weima Motors plans to resume production in September: IPO preparation will start two years later, and more than 10 new cars will be launched in the next five years.

Shenzhen Xiangfei Automobile Sales Co., Ltd. released the "Supplier Whitepaper", announcing that as the restructuring investor of four core enterprises including WM Motor Technology Group, it has completely taken over operations and is promoting the resumption of production at the Wenzhou production base. According to the plan, the new WM Motor will resume production of the EX5 and E5 models in September this year, with an annual production and sales target of 10,000 to 20,000 vehicles, and will also establish a KD factory in Thailand. By 2030, the goal is to produce 1 million vehicles annually and achieve revenue of 120 billion yuan. According to the plan, the new WM Motor has formulated a "three-step" development plan from 2025 to 2030. In the revitalization phase from 2025 to 2026, the plan is to resume production of the EX5 and E5 models in September this year, achieve the goal of producing and selling 10,000 vehicles within the year, strive for 20,000 vehicles, and establish a KD factory in Thailand to expand into overseas markets such as Southeast Asia and the Middle East; by 2026, the plan is to achieve full production of 100,000 vehicles, with an expected income of nearly 10 billion yuan, creating over 3,000 jobs. From 2027 to 2028, it will enter the development phase, aiming for annual sales of 250,000 to 400,000 vehicles, promoting mass production of high-end assisted driving models and initiating IPO preparations, utilizing AI to empower research and development, production, and marketing throughout the entire chain; by 2030, the goal is to achieve an annual production of 1 million vehicles and revenue of 120 billion yuan, establishing a smart travel ecosystem.