Ali SAIC joint venture to build 10 billion cars

category:Finance
 Ali SAIC joint venture to build 10 billion cars


As one of the biggest Internet giants, Alibaba cant help but get involved in the field of new energy vehicles. Recently, SAIC Group, Alibaba and Pudong New Area have jointly built high-end intelligent pure electric vehicles, which has caused quite a stir.

However, he Xiaopeng, chairman of the board of Xiaopeng automobile, also expressed his views in the circle of friends for this cross-border and deep strategic joint venture mode.

He Xiaopeng said: will the cross-border and deep strategic cooperation between two powerful enterprises succeed in a stable and profitable market? The answer must be: there are many successful cases.

If stability and profit are removed, will it succeed? The answer seems to be: there seems to be no successful case in the domestic science and technology industry, and the differences in the implementation of the system culture route brought about by the competition for dominance are totally unavoidable.

Two years ago, I repeatedly said that those extensive, deep and complementary strategic cooperation was only tactical value, but strategy was a loss. Today, I still think so.

On November 16, the car making project jointly invested by SAIC Group, Alibaba and Pudong New Area announced that the high-end intelligent pure electric vehicle project Zhiji automobile was jointly built by the three parties.

The initial round financing of this project has reached 10 billion yuan, which is the largest among the new forces in car making. Clearly, Alibaba has joined this project. SAIC senior management disclosed. In the electric vehicle project, SAIC invested 5.4 billion yuan, Pudong Zhangjiang invested 1.8 billion yuan, Ali invested 1.8 billion yuan, and others invested 2.8 billion yuan.

According to the brand planning, Zhiji automobile will be released in Shanghai in January next year, and will show a car and SUV model. Zhiji automobile will be settled in Zhangjiang intelligent park of Pudong New Area.

Source: fast technology editor: Chen Hequn_ NB12679