Alibaba and SAIC JV will unveil its first mass produced car
Alibaba’s joint venture with SAIC has begun mass production of its first electric car, according to sources. On February 28, IM L7 was officially put into production at SAIC’s Lingang Smart Factory. It is expected to go on sale on March 29 and start delivery in April. IM is a Chinese premium intelligent pure electric vehicle brand jointly developed by SAIC Motor, Alibaba Group and Shanghai’s Zhangjiang Hi-Tech Group.