SAIC & Alibaba set up Zhiji Auto for electric car label IM
SAIC and Alibaba have moved fast to install their electric car joint venture. Zhiji Auto presented the first two models under the IM label for “Intelligence in Motion”. Battery cells come from CATL.
That Alibaba had set up an electric car joint venture called Zhiji with China’s largest carmaker SAIC and Shanghai’s Zhangjiang Group made the news shortly before Christmas. Only weeks later, the two giants moved to debut an electric sedan and an e-SUV.
Zhiji Auto, the new EV company established by China’s SAIC, Shanghai Pudong New Area and e-commerce giant Alibaba, has revealed its first two concept cars under the brand name ‘IM’, Sales reservations planned for April, Deliveries in early 2022, 93-115kWh Battery, up to 621 miles (1000km) range.