Articles Tagged with "Alibaba"

Alibaba-backed Banma secures 3 billion yuan from four existing shareholders
Alibaba-backed Banma secures 3 billion yuan from four existing shareholders

Banma Network Technology (Banma), a Chinese Internet car solution provider, nabbed 3 billion yuan ($463.485 million) worth of capital from its four existing shareholders, namely, Alibaba Group, SAIC Group, CMG-SDIC Capital, and Yunfeng Capital.

Jul. 14 , 2021
Alibaba-backed startup AutoX launches fifth-generation self-driving system
Alibaba-backed startup AutoX launches fifth-generation self-driving system

On July 6, AutoX, a Chinese self-driving startup funded by Alibaba and other, launched its fifth-generation self-driving system, the Auto X Gen5, which has already gone into volume production, according to the company.

Jul. 6 , 2021
SAIC, Alibaba-backed EV brand IM begins presale of first model L7
SAIC, Alibaba-backed EV brand IM begins presale of first model L7

At the Auto Shanghai 2021, IM, the premium EV brand SAIC Motor jointly develops with Alibaba and Shanghai’s Zhangjiang Hi-Tech Group, announced that the “Angle Round” version of the L7, its first mass-produced model, is priced at 408,800 yuan.

Apr. 19 , 2021
SAIC Motor, Alibaba to team up on new retail business
SAIC Motor, Alibaba to team up on new retail business

SAIC Motor and the e-commerce giant Alibaba Group entered into a cooperation agreement on November 8 to jointly boost the digital transition for automotive retail business, the automaker announced via its WeChat account.

Nov. 10 , 2020
Alibaba-backed Banma, FAW-Volkswagen to team up on AI, big data, smart cockpit
Alibaba-backed Banma, FAW-Volkswagen to team up on AI, big data, smart cockpit

At the Apsara Conference 2020 of Alibaba Cloud, Banma Network Technology Co.,Ltd. and FAW-Volkswagen inked an agreement to conduct strategic cooperation on such areas as AI, big data analysis, ICV-related operating system and intelligent cockpit.

Sep. 17 , 2020
Alibaba Cloud teams up with leading auto engineering institute on smart manufacturing solution for auto industry
Alibaba Cloud teams up with leading auto engineering institute on smart manufacturing solution for auto industry

Alibaba Cloud announced on July 17 the strategic partnership it forged with Machinery Industry Ninth Design Institute Co. Ltd. as the two companies plan to jointly offer the integrated smart factory solution for automotive industry.

Jul. 17 , 2020