Shen says WM Motor aims to sell more than 100,000 cars a year within 3-4 years of the planned 2018 launch, at around that price, or cheaper. "Shen reckons he has around a 5-year window of opportunity to establish WM Motor in China, while Beijing offers incentives and policy support for EVs. With smart, connected cars, I believe I can change that," says Shen, who has an engineering Masters from University of California at Los Angeles. "I don't think traditional car companies are doing well selling cars, especially with their customer experience. "Building a fancy car to impress people is actually fairly easy as long as you're willing to spend the money," Shen says.

Source: Economic Times August 11, 2016 23:26 UTC