HK-listed Apollo Future Mobility to buy Chinese EV firm WM Motor for $2b

HK-listed Apollo Future Mobility to buy Chinese EV firm WM Motor for $2b

A screenshot of WM Motor's website.

A subsidiary of Hong Kong-listed Apollo Future Mobility Group, a smart mobility solution firm, has entered into an agreement to acquire WM Motor Holdings Limited for around $2 billion, according to a filing on the Hong Kong Stock Exchange on Thursday.