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Benzinga
Benzinga
Technology
Anusuya Lahiri

Alibaba Commences Mass Production Of EVs

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) has begun mass production of smart electric vehicles, the Register reports. Alibaba's EV venture with state-owned automotive company SAIC, called IM Motors, will be ready for sales of the luxury sedan IM L7 on 29 March. 

SAIC's factory in Shanghai's Lingang Special Area manufactures the vehicles for deliveries in April.

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