SAIC Motor announces registration of premium EV-focused Zhiji Motor
Monika From Gasgoo
| December 26 , 2020
Shanghai (Gasgoo)- Zhiji Motor Technology Co.,Ltd., a
joint venture among SAIC Motor, Shanghai Zhangjiang Hi-Tech Development
Co.,Ltd. (Zhangjiang Hi-Tech) and Alibaba Group, was formally
registered on Dec. 25 in Pudong New Area in Shanghai, according to SAIC
Motor.
Photo credit: Zhiji Motor
The
registration came after the Chinese biggest automaker announced in late
Nov. the launch of the premium electric vehicle (EV) brand “Zhiji
Motor” it jointly develops with Pudong New Area and Alibaba Group. The
company said the brand had raised roughly 10 billion yuan ($1.529