TMTPOST -- Troubled Chinese electric vehicle (EV) startup WM Motor announced it will resume production this month, with plans to sell 10,000 vehicles this year and potentially double that figure, according to the company’s 2025–2030 business development plan released on September 6. The Wenzhou, Zhejiang-based automaker will restart production of its E5 and EX5 models at its local factory. The plan reflects WM Motor’s commitment to stabilize operations and regain market traction after a period of financial and operational challenges. The company’s revival follows a court-approved restructuring earlier this year. Xiangfei Automobile Sales officially took over WM Motor after the restructuring plan was approved on April 3, enabling the startup to return to production. Looking beyond China, WM Motor intends to build a knock-down assembly plant in Thailand, targeting expansion into Southeast Asian and Middle Eastern markets. The automaker aims for an ambitious production target of 100,000 units in 2026, signaling its intent to transform from a domestic player into a regional EV competitor.