China Money Podcast covers startups, private equity and venture capital

China Money Podcast covers startups, private equity and venture capital


Chinese Electric Vehicle Unicorn WM Motor Aims To Build Uber+Tesla Hybrid, Former Volvo China Chairman Says

October 09, 2017

"I’ve never seen two Chinese guys comparing (car) engines (like people do in Europe)," says Freeman Shen, founder of Chinese electric vehicle start-up WM Motor Technology Co., Ltd. "China doesn’t have a long driving culture…the car is more a tool for people to get from point A to B." It’s one reason his three-year-old company, with RMB10 billion (US$1.5 billion) in funding, is taking a different route than most of its rivals. Instead of simply producing a decent, mass market …
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