BABA 4.32% launched an electric sedan with state-owned SAIC Motor, China’s largest car company, Nikkei Asia reported Thursday (Hong Kong Time).
What Happened: The vehicle, capable of wireless charging, was launched under a new brand — IM. The acronym stands for “intelligence in motion,” according to Nikkei Asia.
https://www.benzinga.com/news/21/01/19155805/alibaba-launches-electric-sedan-in-partnership-with-chinas-largest-automaker-what-you-need-to-know
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