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

By Meng Jing in Hangzhou (China Daily) Updated : 2016-07-08

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Alibaba's Executive Chairman Jack Ma (center) claps hands on the  launch cerenomy of OS'Car, its internet-enabled vehicle jointly developed with SAIC Motor Corp on July 6, 2016 in Hangzhou, Zhejiang province. [Photo/China Daily]

Jack Ma, executive chairman of Alibaba, described the vehicle as a milestone product that marks the beginning of the so-called internet of everything-an era in which everything is connected to everything else via the internet.

"Just like what the smartphone does to our life-about 80 percent of the features of a smartphone are not related to making phone calls anymore. In the future, about 80 percent of the functions of a car will not be related to transportation," said Ma.

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