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# Chinese electric car startup WM Motor, with revenue growth of 170% in 2021, has filed for an IPO
- URL: https://www.techloy.com/chinese-electric-car-startup-wm-motor-going-public/
- Published: 2022-06-01T09:06:36.000Z
- Updated: 2022-12-08T02:11:20.000Z
- Author: Techloy
- Tags: Mobility, Tech in China, EVs

Chinese electric car start-up WM Motor, also known as Weltmeister, has filed documents to go public on the Hong Kong Stock Exchange, although it didn't disclose pricing information.

- WM Motor claims to have sold 83,495 electric cars as of December 2021, since its first model launched back in September 2018.
- The electric car company also disclosed its annual losses doubled over the last three years to 8.2 billion yuan ($1.2 billion).
- Its revenue more than doubled during this period, rising by about 170% to 4.7 billion yuan in 2021.
- But while China’s electric car market is the largest globally and a fast-growing one, automakers such as BYD and [Tesla still dominate sales](https://www.wallstreetzen.com/how-to-buy-tesla-stock).
- Chinese start-ups such as Nio and Xpeng, both listed in the U.S. and Hong Kong have a small portion of the market.