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Alibaba invests in Chinese EV startup
Automotive News China | 2017/12/22

BEIJING -- Xiaopeng Motors Technology, an electric-vehicle startup in Guangzhou, says Chinese online retail giant Alibaba Group has invested in the company.  

Xiaopeng Chairman He Xiaopeng said the company -- also known as XPENG Motors -- is starting to deliver its first batch of 1,000 vehicles and that it plans to showcase a vehicle next month at the CES technology expo in Las Vegas.

XPENG Motorsí» first model, the Identity X, is an all-electric compact SUV that accelerates from zero to 100 kilometers per hour (62 mph) in 5.8 seconds and has a range of 300 kilometers (186 miles). The vehicle is equipped with autonomous parking, intelligent cruise control and voice-activated controls.

Haima Motor Corp., a private light-vehicle manufacturer, is building cars for XPENG Motors on a contract basis. In October, Haima said it had agreed to assemble up to 50,000 vehicles for the company over the next four years.

XPENG Motors was established in 2014. Haima, headquartered in the south China city of Haikou, produces sedans, crossovers and multipurpose vehicles.

Alibaba hopes to establish itself as a provider of in-car infotainment. In 2016, the company formed a partnership with German mapmaker Here to offer maps, traffic updates and navigation to Alibaba's customers.

The company also has formed a partnership with Ford Motor Co. to market Fordí»s vehicles online.

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