WM Motor: The dilemma behind the glamor has surfaced, and more than 40 execution cases revealed the truth

According to the latest data, WM Motor Technology Group Co., Ltd. has recently encountered a series of legal disputes involving technical service contracts, sales contracts, equity transfers, etc., with a total amount of more than 22.45 million yuan. According to the public information of Tianyancha App, the enforcement courts of these cases include Shanghai Qingpu District People’s Court and Chengdu Longquanyi District People’s Court

Weima Automotive Technology Group Co., Ltd. was established in In May 2012, its legal representative was Shen Hui, its registered capital reached RMB 6 billion, and its wholly-owned subsidiary was Suzhou Weimar Smart Travel Technology Co., Ltd. Recently, WM Motor filed for bankruptcy review, which attracted widespread attention. According to data from Tianyancha, the company currently has information on more than 40 persons subject to execution, and the amount involved in the execution exceeds 130 million yuan. In addition, there are multiple consumption restriction orders and equity freeze information related to WM Motor

Weima Motor was once one of the emerging domestic car manufacturers. There were some market successes over the years. However, due to various reasons such as fierce market competition, the company's operating conditions gradually deteriorated. In the first half of 2023, the media reported that WM Motor was unable to pay employees on time and the factory was shut down. In addition, in October this year, a blogger exposed that a large number of WM Motor owners reported that WM Motor's supporting software "Weima Zhixing" and "Xiaowei Xingxing" Bluetooth keys and remote control functions could not be used normally, showing that the network Abnormal, it is suspected that the background service has stopped. Learn more about this matter.

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