WM Motor of China taking on Tesla with its mass-market electric cars
It also aims to create new business models for personal transportation
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Shanghai
IT remains more promise than product, but the electric vehicle (EV) sector is drawing more talent from mainstream carmakers which are reluctant to go full tilt at the new technology.
Making the jump can mean better pay and pioneering opportunities. One Chinese-backed startup with around 900 employees, for example, has a US$15 million monthly payroll, according to a person close to the company.
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