Following the Chinese electric vehicle (EV) startup company WM Motor’s move to file for bankruptcy, WM Motor Philippine distributor EVOxTerra, Inc. released its statement with regards to the Chinese EV brand’s recent corporate move.
“In response to recent developments, we at EVOxTerra wish to address our valued customers, the media, and stakeholders regarding the bankruptcy announcement of WM Motor. We understand that this news may raise concerns and questions, and we want to assure everyone that we are fully committed to providing exceptional after-sales service for all existing WM Motor customers. EVOxTerra will continue to honor all existing warranties and service agreements for WM Motor vehicles. Our highly trained technicians and service center are ready to provide maintenance, repairs, and spare parts to ensure your vehicles continue to perform at their best. Rest assured that our customer service team will be available to assist with any inquiries, concerns, or support you may require.
EVOxTerra inc. remains committed to the future of electric mobility and is actively seeking opportunities to continue offering innovative solutions to address our customers’ needs.
We want to express our gratitude to our loyal WM Motor customers for their trust and support. We remain dedicated to maintaining the high standards and quality they expect-and deserve,” said EVOxTerra VP and General Manager Bob Shaw.
In 2022, EVOxTerra, Inc. introduced WM Motor brand in the country, along with the Weltmeister W5 EV as its first vehicle offering.
News sources say that the auto brand filed for bankruptcy last October 9, 2023, Monday in Shanghai. In its official statement, the Chinese EV startup cited operational dilemma due to the effects of the pandemic, sluggish capital market, problems in prices of raw materials, and setbacks in gaining capital needed for operations and development as some of the company’s reasons for filing bankruptcy.
