Understanding the pre-reorganization of WM Motor, which is undergoing a rebirth and transformation

Although the new energy vehicle market is booming and sales are rising, data shows that from January to October, my country's production and sales of new energy vehicles reached 7.352 million and 7.28 million, up 33.9% and 37.8% year-on-year respectively.

However, the cold has already arrived. As we all know, almost all new energy vehicle companies except BYD are facing losses, and this year's subsidy cancellation and price war have further expanded the "losses" of new energy vehicle companies.

In order to improve sustainable operating capabilities, new car-making forces represented by NIO and WM Motor are making every effort to "prevent the winter."

However, since most netizens do not understand pre-reorganization, WM Motor also explained what pre-reorganization is.

Pre-reorganization is different from bankruptcy reorganization. It is a self-rescue behavior carried out in the early stages when an enterprise is facing difficulties. It aims to introduce strategic investors through debt restructuring and achieve rebirth and transformation.

Although the outside world is confused about the pre-reorganization, it does not affect WM Motor's ability to get rid of its debt burden and achieve new development. Kaixin Auto, a partner of WM Motor, said that the purpose of the pre-reorganization is that WM Motor needs to reduce some of the burden on its financial data.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.