Chinese e-commerce giant Alibaba has teamed up with SAIC to establish a new car company in China, Zhiji, which plans to launch a family of battery-electric vehicles starting from 2022.

Zhiji has managed to raise over $1.5 billion and this week previewed two of its upcoming vehicles with a pair of concepts. The concepts include a sedan (shown here) and an SUV.

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Alibaba Prepares To Enter The Luxury EV Market In 2022 - Who Will Be Affected The Most?

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