Weltmeister International (WM-INTL) : Weltmeister Motor Group (WM) Wenzhou Factory Resumes Operation, the First Batch of Overseas Orders Are Being Dispatched

SHANGHAI–(BUSINESS WIRE)–Recently, WM-INTL has made an announcement stating that the Wenzhou Factory of WM has resumed its operations in June and has been gradually recovering its production capacity. It means backlog of both domestic and foreign orders may be fulfilled and delivered in a short period of time.

It is reported that the smooth resumption of work and production during this period can be largely attributed to the alleviation of WM financial burden. This is mainly due to the financial support provided by the local government based on relevant export orders and the coordination of the supply chain and parts supply, which enabled prompt restoration of operations at the Wenzhou factory.

KANG Yun, the person in charge of WM-INTL said, “There has been a gradual progression toward recovery of WM. First of all, we would like to express our gratitude for the support of the local government in Wenzhou, and the association of investors that have provided a variety of funding opportunities for WM. We have enough confidence that WM can restart production capacity very soon.”

WM Wenzhou factory’s resumption of production shows that after small-scale trial operation, nearly 100 units WM E5 model have been approved and dispatched. At the same time, WM’s internal resumption of work and production documents also indicate that the 310 job vacancies in 24 key departments have been prepared. It is anticipated that the production capacity shall be restored to approximately 300 automobiles per month within a span of one month, and the production capacity of 1,000 automobiles will be realized in three months.

The resumption of operations and production of WM Wenzhou factory this time signifies a robust impetus for WM to penetrate the international marketplace. “The primary task of WM Wenzhou factory’s resumption of work and production is to expedite the delivery of overseas orders so as to expand their global market share. Additionally, they aim to guarantee the provision of organized after-sales services for WM both domestically and internationally.” KANG Yun emphasized.

Contacts

KANG Yun

yun.kang@wm-intl.com

www.wm-intl.com