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IM Motors
IM Motors (Chinese: 智己汽车, Zhiji Motors) is an electric vehicle joint venture between Chinese automobile manufacturer SAIC Motor and Chinese technology companies Alibaba Group and Zhangjiang Hi-Tech.
The company's English name IM stands for "Intelligence in Motion". Its Chinese name is Zhiji Motors (智己汽车).
The IM Motors joint venture between SAIC Motor, Alibaba Group, and Zhangjiang Hi-Tech was established in December 2020, and a 3D rendering of the company's upcoming sedan, aiming to compete with the Tesla Model S, was presented later in January 2021.
In April 2021 at the Auto Shanghai auto show, IM Motors presented three vehicles; the L7 electric executive car prototype, along with two concepts, the LS7 mid-size SUV and the Airo designed by English designer Thomas Heatherwick.
In 2022, Alibaba Group partnered with SAIC Motor Corporation to back IM Motors which is now delivering electric cars under a couple of brands including Ora and Great Wall Motors. IM Motors which is an EV join venture controlled by China's largest state-owned carmaker SAIC Motor and also owned by e-commerce giant Alibaba. Alibaba and Zhangjiang Hi-tech each hold 18% according to Chinese media reports.
In December 2022, IM Motors officially launched its second production model, the IM LS7, planning to start its sales in the second half of 2023 in the Chinese market only. Meanwhile, the 18% stake held by the administrative authorities of Shanghai's Pudong New District was sold to the private company Zhangjiang Hi-Tech.[citation needed]
In August 2023, the company introduced its third model in the form of the LS6, a smaller "coupe SUV" positioned below the flagship LS7.
In July 2023, Audi announced that it was establishing a strategic cooperation with the Chinese company SAIC Motor in order to borrow its platform used to build large electric cars. Audi expressed its desire to use this technology to build its own electric model specifically for the Chinese market in order to increase its competitiveness against startup companies such as Nio.
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IM Motors
IM Motors (Chinese: 智己汽车, Zhiji Motors) is an electric vehicle joint venture between Chinese automobile manufacturer SAIC Motor and Chinese technology companies Alibaba Group and Zhangjiang Hi-Tech.
The company's English name IM stands for "Intelligence in Motion". Its Chinese name is Zhiji Motors (智己汽车).
The IM Motors joint venture between SAIC Motor, Alibaba Group, and Zhangjiang Hi-Tech was established in December 2020, and a 3D rendering of the company's upcoming sedan, aiming to compete with the Tesla Model S, was presented later in January 2021.
In April 2021 at the Auto Shanghai auto show, IM Motors presented three vehicles; the L7 electric executive car prototype, along with two concepts, the LS7 mid-size SUV and the Airo designed by English designer Thomas Heatherwick.
In 2022, Alibaba Group partnered with SAIC Motor Corporation to back IM Motors which is now delivering electric cars under a couple of brands including Ora and Great Wall Motors. IM Motors which is an EV join venture controlled by China's largest state-owned carmaker SAIC Motor and also owned by e-commerce giant Alibaba. Alibaba and Zhangjiang Hi-tech each hold 18% according to Chinese media reports.
In December 2022, IM Motors officially launched its second production model, the IM LS7, planning to start its sales in the second half of 2023 in the Chinese market only. Meanwhile, the 18% stake held by the administrative authorities of Shanghai's Pudong New District was sold to the private company Zhangjiang Hi-Tech.[citation needed]
In August 2023, the company introduced its third model in the form of the LS6, a smaller "coupe SUV" positioned below the flagship LS7.
In July 2023, Audi announced that it was establishing a strategic cooperation with the Chinese company SAIC Motor in order to borrow its platform used to build large electric cars. Audi expressed its desire to use this technology to build its own electric model specifically for the Chinese market in order to increase its competitiveness against startup companies such as Nio.