Alibaba and SAIC-backed Venture Begin Mass Production of First Electric Vehicle

(Source: IM Motors)

IM Motors, a joint venture backed by Alibaba Group and SAIC Motor, has now begun the mass production of its first electric vehicles and will put them on sale later this month.

According to the Weibo account of Zhangjiang Hi-Tech Investment, on February 28th, IM Motor’s first smart electric vehicle IM L7 was officially put into producti…