Zhiji Auto
Funding History
| Series B · 12/2024 | $1.3B |
|---|
About
Zhiji Auto (IM Motors) designs, manufactures, and sells premium smart electric vehicles in China, with an expanding footprint in overseas markets including the UAE, India, Chile, and Tunisia.
- CEO
- Liu Tao (Co-CEO)
- Headquarters
- Shanghai, China
- Founded
- 2020
- Website
- immotors.com
Overview
Zhiji Auto, marketed globally under the IM ("Intelligence in Motion") brand, is a Shanghai-based premium electric vehicle maker founded in December 2020 as a joint venture between SAIC Motor, Alibaba Group, and the state-backed Zhangjiang Hi-Tech. SAIC holds a 54% majority stake, with Alibaba and Zhangjiang Hi-Tech each holding 18%. The company builds smart electric sedans and SUVs — including the L7, L6, LS6, LS7, LS8, and LS9 — emphasizing digital chassis and steer-by-wire technology, and integrates Alibaba's AI capabilities into its AIOS smart cockpit software. IM Motors has raised capital across an angel round, a Series A round, and a Series B round (closed in two tranches through December 2024), and remains a privately held company as of September 2026, with market watchers viewing SAIC's move to a direct capital stake as preparation for a possible future independent listing that has not been confirmed or scheduled.
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