Apollo Future Mobility is a company that makes cars but it's having trouble making money. It tried to join with another car company called WM Motor, but the deal didn't work out. Now Apollo Future Money is trying to find a new way to make money and be successful. But some people who own parts of the company still think it can do well in the future. Read from source...
1. The article fails to mention that Apollo Future Mobility (AFM) is a spin-off from Chinese automaker Great Wall Motor (GWM), which owns 9.8% of AFM's outstanding shares and has the right to appoint directors to its board. This means that GWM still exerts significant influence over AFM's strategic decisions, even though AFM is trying to distance itself from GWM and pursue its own path as a new energy vehicle (NEV) maker. Therefore, it is not entirely fair to blame AFM for the failed merger with WM Motor, as GWM may have had other motives or concerns that prevented the deal from going through.