WM Motor is facing a serious operating crisis, with its employee base shrinking sharply to more than 800 people

News on October 18th. Recently, the latest news about WM Motor has attracted widespread attention. WM Motor, which once occupied an important position in China's new energy vehicle market, is currently in serious operating difficulties. According to an exclusive report by Tencent News "High Beam", currently, WM Motor has less than 800 employees left, and wages have been suspended for more than 4 months

In recent years, WM Motor seems to have deviated from The original intention was to go through a series of business challenges. According to people familiar with the matter, WM Motor is currently in the pre-reorganization stage and is seeking reasonable debt solutions through court mediation, including debt-for-equity swaps and debt extensions. Sources revealed that WM founder Shen Hui had previously gone to Germany on the pretext of attending the Munich Auto Show, but did not return to China after the auto show and instead went to the United States

## The plight of #WM Motors has aroused concern among employees and consumers. A former WM Motor employee said the company's internal management was chaotic and the employee turnover rate remained high. According to Tencent News "High Beam", we learned from WM Motor's latest corporate WeChat group that there are currently only 817 employees, including 173 employees at the core department Wenzhou Production Base, 153 employees at the Huanggang Production Base, and 43 employees at the Chengdu Research Institute. , 24 people in product planning and intelligent system-related departments, and 69 people in sales and user service departments

According to the prospectus, as of the end of 2021, WM Motor has a total of 3,952 employees. This means that in just one and a half years, the number of employees of WM Motor has decreased sharply, causing the market to question the future viability of WM Motor. As of October 7, Shen Hui, the founder and CEO of WM Motor, updated Weibo normally

The above is the detailed content of WM Motor is facing a serious operating crisis, with its employee base shrinking sharply to more than 800 people. For more information, please follow other related articles on the PHP Chinese website!