Alibaba vies for a piece of Chinas booming EV market


Source: baillytech.com baillytech.com

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Alibaba vies for a piece of Chinas booming EV market 27 Nov Alibaba vies for a piece of Chinas booming EV market by Comments There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor, a major player in China, unveiled this week a new electric vehicle arm called Zhiji, in which Alibaba and a Shanghai government-backed entity are minority shareholders....