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00:00. WE WERE JUST TALKING ABOUT THE TRADE TRUCE AND WE WILL GET INTO THE DETAILS AND A LITTLE BIT. I WANTED TO GET YOUR IDEA. YOU ARE MESHING IN WITH THE TECHNOLOGY. THIS HAS BEEN A BIFURCATION OF GLOBAL SUPPLY CHAINS AND TECHNOLOGY. HOW DO YOU SEE THAT AFFECTING THE SPACE? > > IT WILL HAVE A VERY BIG IMPACT. IT DOES NOT MATTER WHERE YOU ARE IN CHINA OR THE U.S., YOU HAVE TO BE PART OF THIS CHANGE. WE ARE WORKING ON THE SMART, ELECTRIC VEHICLES. WE PUT MUCH MORE INTO THE SOFTWARE PART OF THE BUSINESS. OUR BUSINESS WE ARE DEVELOPING, WE LAUNCHED A 5G CARD. YOU HAVE TO BE GLOBAL AND YOU HAVE TO BE PART OF THE GLOBAL EQUATION. THE TRADE WAR GOING THAT PATH, IT WILL HAVE A BIG IMPACT ON THE BUSINESS. > > IT HAS A BIG IMPACT ON PARTS. THEY ARE NOT EXPORTING A LOT THE U.S. > > THAT IS A GOOD POINT. IF YOU ARE LOOKING AT THE CAR AND THE COMPONENTS -- THE OTHER WAY AROUND, INTO CHINA, A LOT OF COMPONENTS AND TECHNOLOGY, A LOT OF COST LIKE JEEP. WE ARE LOOKING AT IT DIFFERENTLY FROM BOTH SIDES. > > THE CHINESE ARE TRYING TO STIMULATE THE ECONOMY TO WEATHER THE STORM WITH U.S. HOW IS FINANCING GOING FOR YOU. HAS IT DWINDLED A LITTLE BIT? THEY HAVE BEEN HIGH-PROFILE CASES DEBITING CONSUMER SENTIMENT. YOU HAVE LAUNCHED ANOTHER ROUND OF FINANCING AFTER A PREVIOUS ONE IN MARCH. > > WE ACTUALLY CLOSED EARLIER THIS YEAR. WE WERE WATCHING OUR GLOBAL INVESTORS. IN THE PAST, WE ONLY FOCUSED ON CHINESE INVESTORS. THIS IS THE FIRST TIME THAT WE HAVE OPENED UP TO A MORE GLOBAL VIEW. THERE IS A LOT OF DOUBT, WORRYING ABOUT THE SECTOR IN CHINA. IT IS VERY STRONG, JUST LIKE 20 YEARS AGO. ABOUT FOUR OR FIVE. THEY BELIEVE THAT WE ARE GOING TO BE ONE OF THOSE STRONG, SURVIVAL ONES. THEY BELIEVE THE GLOBAL CAPABILITY WE HAVE CAN HELP. > > SO THIS WILL BE GLOBAL. WOULD BE SIMILAR TO THE LAST ONE? > > WE PROBABLY SHOULD NOT ANNOUNCE THE PRODUCT ABOUT. THERE IS A FOCUS ON THE GLOBAL INVESTOR. WE HAVE BEEN TALKING TO A LOT OF PEOPLE ALREADY. > > SIMILAR SIZE? > > I THINK MAY BE THAN THAT. WE CAN GO UP TO ONE BILLION U.S. DOLLARS. > > HAD EASY CONSUMER SENTIMENT DAMPENING BECAUSE OF BATTERY FIRE ISSUES? YOU JUST ANNOUNCED YOU WILL HAVE A LIFETIME GUARANTEE ON THE BATTERIES. > > ON ONE HAND, -- PEOPLE WERE A LITTLE HESITANT TO GO WITH THIS OLD ENGINE TYPE CAR OR ELECTRIC VEHICLE, WITH SOME CONCERN ON QUALITY. IT IS PROBABLY THE FIRST TIME IN GLOBAL MARKETS FOR US AND THE COMPETITION. WE HAD THE FIRST ONE PROVIDING A LIFETIME FACTORY WARRANTY. > > HE SAID HE WILL BE THE FIRST MAKER TO BE PROFITABLE FOR A FULL YEAR. > > WE STILL VERY -- WE STILL FEEL VERY CONFIDENT TO DO THAT. WE WILL PROBABLY BE THE FIRST ONES. .

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China EV Startup WM Motor Seeks Up to $1 Billion in Funds: CEO

Freeman Shen, founder and chief executive officer of Chinese electric-car startup WM Motor Technology Co., talks about the trade disputes between the U.S. and China, his financing plans, and when he expects the company to become profitable. Shen, a former Volvo Cars veteran, speaks on "Bloomberg Markets: China Open." (Source: Bloomberg)

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