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Alibaba, SAIC to soon roll out their internet car at $22,250

By Meng Jing in Hangzhou| China Daily| Updated: July 8, 2016 L M S


Representatives of Alibaba Group Holding Ltd and SAIC Motor Corp sign on a jointly developed internet-enabled vehicle, which was launched on June 6, 2016 in Hangzhou, Zhejiang province, while Alibaba's Executive Chairman Jack Ma (left) looks on. [Photo/China Daily]

It seems a long shot to replace smartphones with cars. But Alibaba Group Holding Ltd is heading in that direction. It unveiled on Wednesday a new internet-enabled vehicle equipped with the e-commerce giant's YunOS operating system.

The car, which is dubbed the first internet car to go into mass production, is part of a partnership that Alibaba and SAIC Motor Corp, one of China's major car manufacturers, inked about two years ago.

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