Shen is hoping that the combination of his experience and Chinese government muscle pushing for more electric vehicle adoption can make those goals a reality. Shen has worked in the automotive industry for more than two decades, including stints with both Fiat and Borg Warner. The Chinese government is pushing for a tenfold increase in plug-in vehicles – to about 3 million a year – over the next ten years as a way to deal with its notorious pollution problems.
WM Motor isn't alone among China-based companies hoping to make a big splash with electric vehicles. Engadget reported earlier this month that China-based LeEco, an affiliate of EV maker Faraday Future, is planning a $1.8 billion EV factory in China that will have the capacity to build 400,000 vehicles a year. In fact, the plant will be part of a $3-billion, car-oriented "Eco Experience Park" that will include a theme park. May we suggest building a rollercoaster called The Weltmeister?