Weltmeister Sales Data, Trends & Analysis for the Chinese Automotive Market
Weltmeister is a new Chinese electric vehicle brand, owned by WM Motors. The name Weltmeister is German for world champion. The brand’s Chinese name is 威马 (Weima), which means powerful horse. WM Motors was founded by a former executive of Geely. The company has a factory in Suzhou with an initial output of 50.000 cars per year, which initially will be sold directly from the factory without any dealers and home delivery of the new cars. Over time, the company plans to open Brand Experience Centers. Its first model was the EX5, launched in late 2018, although the model didn’t appear in wholesale charts until early 2019. Car sales statistics from China only include domestic production and exclude imported models.
Weltmeister China Sales Figures & Recent Highlights
Weltmeister (often referred to as WM Motor) is a notable player in the Chinese electric vehicle (EV) industry. Established in 2015, the brand quickly gained attention due to its focus on smart, connected electric vehicles tailored for the Chinese market. WM Motor was founded by Freeman Shen, a former executive of Geely, who played a pivotal role in Geely’s acquisition of Volvo. The experience and connections he brought from his tenure at major automotive firms contributed to WM Motor’s early momentum.
Since its inception, WM Motor has attracted significant investment from a range of sources. By highlighting its vision for smart EVs, the company successfully secured funding from Chinese tech companies, venture capital firms, and state-owned enterprises. WM Motor’s product range primarily consists of electric SUVs and sedans. Some of their notable models include the EX5 and EX6 SUVs. The vehicles from WM Motor emphasize technology integration, including advanced infotainment systems, autonomous driving features, and connectivity capabilities.
WM Motor has achieved commendable sales figures since the launch of its vehicles, making it one of the prominent new energy vehicle (NEV) brands in China. The company’s emphasis on affordability while still offering advanced tech features made its vehicles appealing to a broader range of consumers in China. WM Motor has a manufacturing base in Wenzhou, Zhejiang Province. The facility is designed for the production of electric vehicles and incorporates advanced manufacturing technologies. The company has also invested in research and development to drive innovations, especially in areas of autonomous driving, AI, and vehicle connectivity.
With the Chinese government’s aggressive push towards electrification and sustainable transportation, WM Motor is poised for growth. The company has ambitions not just to be a car manufacturer but to be a significant player in the broader mobility ecosystem. The company also eyes expansion beyond the Chinese market, looking at other countries in the region and potentially beyond.
Weltmeister Annual Sales, Growth and Market Share in China
Below we have a table that shows total Weltmeister sales volumes for the Chinese automotive market, broken out by year. This data captures all Weltmeister vehicle sales for the entire Chinese automotive market.
| Year | Sales | YOY Change | Marketshare | Marketshare Change |
|---|---|---|---|---|
| 2019 | 15,587 | 0.00 | 0.08 | 0.00 |
| 2020 | 22,495 | 44.32 | 0.12 | 35.93 |
| 2021 | 44,157 | 96.30 | 0.22 | 44.88 |
| 2022 | 26,296 | -40.45 | 0.13 | -71.79 |
Weltmeister China Annual Sales Units & Growth Chart
Below is a visual representation of Weltmeister Chinese sales units over time. We have both the Weltmeister sales units and the market share in the Chinese market. Click on the items in the legend to see each series by itself.
Weltmeister China Growth Rate & Market Share Chart
Below is the annual growth rate for the Weltmeister brand in China, shown against the Weltmeister’s marketshare changes in China. This gives you a good look into how Weltmeister has faired against the other brands in terms of absolute sales and effect on marketshare. Click on the items in the legend to see each series by itself.
The Best-Selling Weltmeister Cars & SUVs in China
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