Alibaba is launching an electric sedan with wireless charging under a new brand formed with state-owned SAIC Motor, according to seekingalpha.com, citing Nikkei.

The sedan, unveiled under the brand name IM (for “intelligence in motion”) features a new solid-state battery from Contemporary Amperex Technology (CATL), China’s largest battery maker, and chips from NVIDIA.

The new EV would be able to park itself and has various smartphone functions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Preorders are expected to start in April during the annual Shanghai auto show, according to the reports.

Alibaba is already an investor in XPeng, seekingalpha.com noted.

See Also:

Earlier, Taiwan-based electronics giant Hon Hai Precision Industry Company, better known as Foxconn, announced it had signed a strategic agreement with China’s Zhejiang Geely Holding Group to produce electric vehicles, components and advanced systems for third-party companies.

Each partner would hold a 50% stake in the joint venture, which will produce electric vehicles and provide components and services for third-party companies looking to outsource production.