IM Motors (
Chinese: 智己汽车, ''Zhiji Motors'') is
electric vehicle
An electric vehicle (EV) is a vehicle that uses one or more electric motors for propulsion. It can be powered by a collector system, with electricity from extravehicular sources, or it can be powered autonomously by a battery (sometimes c ...
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
between
Chinese automobile manufacturer
SAIC Motor
SAIC Motor Corp., Ltd. (formerly Shanghai Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Anting, Shanghai. Founded in 1955, it is currently the largest of the "Big Four" state-owned car manu ...
and Chinese technology companies
Zhangjiang Hi-Tech Zhangjiang may refer to several places in China:
*Zhangjiang Town (张江镇), in Pudong, Shanghai
**Zhangjiang Hi-Tech Park (张江高科) in Pudong, Shanghai
** Zhangjiang Hi-Tech Park station on Shanghai Metro Line 2
**Zhangjiang Road station o ...
and
Alibaba Group.
Etymology
The company's English name IM stands for "Intelligence in Motion". Its Chinese name is Zhiji Motors (智己汽车).
History
The IM Motors joint venture between SAIC Motor, Alibaba Group, and Zhangjiang Hi-Tech was established in December 2020, and a 3D rendering of the company's upcoming sedan, aiming to compete with the
Tesla Model S
The Tesla Model S is a battery-powered liftback car serving as the flagship model of Tesla, Inc. The Model S features a dual-motor, all-wheel drive layout, although earlier versions of the Model S featured a rear-motor and rear-wheel drive ...
, was presented later in January 2021.
A dynamically developing industry in China, the so-called New Energy Vehicles are distinguished by their high-performance and high power drive systems.
In April 2021 at the
Auto Shanghai
Auto Shanghai (), officially known as the Shanghai International Automobile Industry Exhibition (), is a biennial international automobile show that alternates with the Beijing Auto Show (Auto China) as China's yearly international automotive ...
auto show, IM Motors presented three vehicles; the
L7 electric