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Chinese electric car maker to put 'Weltmeister' on road next year [Reuters (UK)]

TESLA INC (TSLA)  More Company Research Source: Reuters
Last tesla inc earnings: 2/7 04:06 pm Check Earnings Report
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PDF Chinese electric car maker to put 'Weltmeister' on road next year | Reuters 3 Min Read BEIJING (Reuters) - WM Motor Technology Co, one of a new breed of Chinese electric car companies, will use its company name “Weltmeister” as its brand and plans to start taking orders for its first product, a sport-utility vehicle, from April. The Shanghai-based startup plans to start producing its first car at a new plant in Wenzhou during the second quarter of next year, Freeman Shen, WM Motor’s founder and chief executive, told Reuters ahead of a media event. The exterior design for the SUV was presented at the event in Shanghai on Monday. WM Motor also unveiled a logo for the brand that will adorn its cars. The brand name “Weltmeister” is German for “world champion” and reflects the rising challenge to traditional carmakers from startup companies. WM Motor is one of several largely Chinese-funded EV startups betting on the benefits of local production to compete with companies such as Tesla Inc, [Read more]

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