Shanghai Third Intermediate People's Court approved the restructuring plan for WM Motor Technology Group and three other companies on April 3, 2025. Shenzhen Xiangfei Automobile Sales Co., Ltd. has emerged as the sole investor and new shareholder. WM Motor outlined a three-phase plan: revival (2025-2026) focusing on restarting EX5 and E.5 production with a target of 10,000 units annually, development (2027-2028) aiming for 250,000-400,000 annual sales and IPO preparations, and a leap phase (2029-2030) targeting 1 million units and 120 billion yuan in revenue. Xiangfei plans an initial investment of 1 billion yuan for upgrades and supply chain restoration. AI
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RANK_REASON Restructuring plan approved for a major automotive company with new investment and a multi-year roadmap.