The Dubai-based car manufacturer achieved a whopping 400 percent growth rate in less than two years from 2017 to 2019, CEO and founder Ralph Debbas told Arabian Business in April. The company is known for making multi-million dollar cars, including the $3.4m Lykan Hypersport that featured in American action film Fast & Furious 7 in the famous scene that saw it crash through Abu Dhabi’s talent skyscrapers Etihad Towers.
It also boasts an electric car making division called Iconiq, which it launched in partnership with a Chinese firm to create level 4 and 5 autonomous cars. Moreover, W Motors expects further growth in November this year as it plans to open a new factory and research and development centre in Dubai, followed by the region’s first automotive academy in 2021. It will also expand its offices in Shanghai and Beijing from 270 employees to 1,000 by the end of 2019.
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