HONG KONG/TAIPEI -- Chinese e-commerce group Alibaba Group Holding has stepped up its involvement in China's electric vehicle sector, launching a sedan with wireless charging under a new brand formed together with SAIC Motor, the country's largest car company.
In another sign of the scramble for alliances in the fast-moving sector, Taiwanese iPhone assembler Foxconn Technology Group on Wednesday announced its own joint venture with Zhejiang Geely Holding Group, China's largest privately owned auto group.
