The Velocity Q&A: Rashid Delgado (WM Motor Philippines President) - BusinessWorld Online

Despite its German-sounding name, the firm is actually headquartered in Shanghai, China, and specializes solely in developing battery electric vehicles . Notably, it’s a brand with big names behind it, such as Chinese tech brands Baidu and Tencent. The company was started in 2015 “under the leadership of former Geely board member Freeman Chen.”Mr. Delgado, president of WM Motor Philippines, the local distributor and service provider, said that the timing is right.

Of course we’ve had hybrids for a while now — more than a decade. But the purely electric vehicle is probably something that still needs to be introduced to quite a number of people. You’ve made a significant investment in this space. Again, what gives you the confidence to say that the country is ready for WM and its pure-EV portfolio?

Well, the other brands that are introducing electric vehicles are from more established brands — brands that have already been in the market for many years, of course, you know, with successful products — mainly ICE-powered vehicles. Some of them are starting to introduce EVs. We feel that WM offers a different approach as a pure EV brand. They come in with technology.

Source: Car News Wire (carnewswire.net)

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BusinessWorld - Christos Cabolis, IMD World... | By BusinessWorld |...565 views, 2 likes, 0 loves, 0 comments, 1 shares, Facebook Watch Videos from BusinessWorld: Christos Cabolis, IMD World Competitiveness Center Chief Economist, on the challenges faced by the...
Source: bworldph - 🏆 9. / 68 Read more »

[B-SIDE PODCAST] Keeping the peace in the PHL - BusinessWorld OnlineFollow us on Spotify BusinessWorld B-Side Peace in the Philippines improved in the last four years, moving up the country’s position to 128th out of 168 territories in the global peace index, according to the Institute for Economics and Peace (IEP). The improvements were driven by four factors, including the reduction of violent demonstrations, political instability, […] You mean the US is more peaceful than the Philippines? 🙄
Source: bworldph - 🏆 9. / 68 Read more »

Of tradition, tech, and tolerances - BusinessWorld OnlineIN OCTOBER last year, the fifth generation of the Range Rover debuted with much pomp and pageantry — set in no less than the Royal Opera House in London, and beamed to the rest of the world.
Source: bworldph - 🏆 9. / 68 Read more »

BIR removes 5-year validity period for receipts - BusinessWorld OnlineALL OFFICIAL RECEIPTS and invoices will no longer have a validity period starting July 16, the Bureau of Internal Revenue (BIR) said.
Source: bworldph - 🏆 9. / 68 Read more »

RE company Alternergy files for P2.18-B IPO - BusinessWorld OnlinePOWER company Alternergy Holdings Corp. recently filed an application for an initial public offering (IPO) with the Securities and Exchange Commission to raise up to P2.18 billion, which will be used in part for its renewable energy (RE) projects.
Source: bworldph - 🏆 9. / 68 Read more »

Senate bill requiring telcos to cover all remote areas within three years refiled - BusinessWorld OnlineA BILL seeking to require all public telecommunications entities and internet service providers to cover all unserved and underserved areas within three years has been refiled, a senator said on Wednesday.
Source: bworldph - 🏆 9. / 68 Read more »