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IM Motors

IM Motors (Chinese: 智己汽车; : Zhìjǐ Qìchē), officially Zhiji Automobile Technology Co., Ltd., is a premium manufacturer founded on December 25, 2020, as a between Corporation Limited (holding a 54% stake), , and Zhangjiang Hi-Tech (Pudong Science and Technology Investment). The company specializes in high-end intelligent pure s, adhering to the brand philosophy of "IM what I am," which promotes harmony between advanced and user lifestyles in the intelligent era. With an initial investment of 10 billion yuan (approximately $1.6 billion), IM Motors was established to redefine luxury electric mobility through innovative platforms and integration. Since its launch, IM Motors has introduced a lineup of flagship models emphasizing cutting-edge technology, including the IM L7 mid-to-large luxury sedan (debuted in 2021 and entering production in 2022), the IM LS7 full-size SUV (launched in 2023), the IM L6 sedan (introduced in 2024), and the IM LS6 mid-large SUV (launched in 2023). These vehicles feature proprietary technologies such as the NEV Studio platform, 800V high-voltage silicon carbide architecture for ultra-fast charging, and AI-powered systems like Zero Gravity Seats and Intelligent Driving Assistance (iAD). By mid-2025, the company expanded into extended-range electric vehicles (EREVs) with updated REEV variants of the LS6 and the LS9 SUVs launched in November 2025, incorporating a "super range-extended" system with a 66 kWh battery for enhanced range up to 1,508 km (CLTC). In 2025, IM Motors announced plans to launch four new models—two battery electric vehicles (BEVs) and two EREVs—to broaden its portfolio and target a 50% sales increase from 2024's figures. The brand achieved cumulative deliveries surpassing 100,000 units by late 2024, with 15,174 units sold in the first four months of 2025 alone, driven by the as its top seller. Supported by a December 2024 funding round of 9.4 billion (about US$1.3 billion), the company continues to invest in R&D, global expansion, and intelligent manufacturing to solidify its position in the premium market.

Overview

Founding and Ownership

IM Motors was established as a in December 2020 between , , and Zhangjiang Hi-Tech, with SAIC holding a 54% stake, and Alibaba and Zhangjiang each owning 18%. The company, officially registered as Zhiji Automobile Technology Co., Ltd. on December 25, 2020, aims to develop high-end intelligent electric vehicles. The was capitalized with a registered capital of RMB 10 billion (approximately $1.5 billion USD at the time), provided by the founding partners to support initial operations and . Headquartered in 's New Area, specifically at No. 268 Xiangke Road in the () Pilot , IM Motors focuses on premium development targeting the luxury segment. SAIC Motor serves as the primary provider of automotive manufacturing expertise, leveraging its extensive experience in vehicle production and engineering. contributes its strengths in digital technologies, , and to enable advanced smart vehicle features and ecosystem integration.

Naming and Branding

IM Motors' English brand name, "IM," is an acronym for "Intelligence in Motion," symbolizing the integration of in automotive mobility and the company's focus on AI-driven vehicles. This nomenclature reflects a forward-looking vision for smart transportation, where enhances motion through advanced technologies. The Chinese name, Zhiji Motors (智己汽车), translates to "self-intelligent automobile," drawing from classical texts like The Book of Changes to emphasize and user-centric in . This name underscores the brand's commitment to vehicles that intuitively adapt to users, prioritizing smart, personalized experiences over traditional automotive paradigms. The branding was officially launched on January 16, 2021, during a at CES, where the initial —a minimalist, abstract design evoking motion and connectivity—was revealed alongside the "IM What I Am," highlighting individuality and technological empowerment. Over time, IM Motors' visual identity has evolved to emphasize , tech-forward , including a 2025 redesign that refined the original logo's contours for a more modern appearance, incorporating sleek, futuristic elements in materials to convey electric mobility, as seen in campaigns for models like the LS7 that blend digital innovation with high-end sophistication.

History

Establishment and Early Development

IM Motors was officially established on December 25, 2020, as a premium brand focused on intelligent pure electric vehicles, formed as a between , , and Zhangjiang Hi-Tech. Operations commenced shortly thereafter, with the company prioritizing rapid development to enter the competitive market. The brand's official launch occurred on January 16, 2021, during which previews of upcoming models, including renderings of an intelligent pure electric and , were revealed to the public. Early efforts centered on creating dedicated platforms, leveraging integrated architectures to enable advanced intelligent features. IM Motors invested in (SOA) systems, atomizing underlying functions to support scalable vehicle capabilities such as multi-lane highway driving and seamless user interactions. These initiatives drew on the parent companies' strengths, combining SAIC's knowledge with Alibaba's expertise in and processing. The initial team was assembled from professionals across these stakeholders, fostering a multidisciplinary approach to innovation from the outset. In April 2021, at the exhibition, IM Motors unveiled its first physical and , including the L7 intelligent luxury available for , alongside the Airo and LS7 vehicles. This event marked a significant step in the brand's public engagement, showcasing its vision for high-end EVs. Concurrently, manufacturing preparations advanced with investments in SAIC's existing Lingang plant in Shanghai's New Area, adapting the facility for IM Motors' production needs to support future output. These foundational activities positioned the company for subsequent growth through 2022.

Key Milestones and Product Launches

In December 2022, IM Motors unveiled its second production model, the IM LS7 mid-to-large luxury SUV, initiating pre-sales with prices ranging from RMB 350,000 to RMB 500,000, and deliveries commenced in March 2023. The company introduced its third model, the mid-size SUV, in August 2023 as part of its strategy to expand its domestic lineup, with official market launch following in October 2023. In February 2024, IM Motors made its international debut at the , where it presented the IM L6 mid-to-large sedan alongside its existing models; the L6 entered the Chinese market in May 2024, with deliveries starting at the end of that month. In March 2024, IM Motors secured over RMB 8 billion (approximately $1.1 billion) in Series B equity financing, led by investors including , to support development of next-generation intelligent vehicles and advanced driving systems. In May 2025, IM Motors applied for sales certification of an updated IM LS6 featuring an extended-range (EREV) option, aimed at enhancing range capabilities amid consumer concerns over pure limitations. July 2025 marked the announcement of IM Motors' "Super Range-Extended" technology, dubbed Hengxing, which incorporates a 66 kWh for EREV models to achieve extended combined ranges while prioritizing electric driving. In December 2024, the company closed a RMB 9.4 billion ($1.3 billion) extension to its Series B round, enabling accelerated research into core technologies like digital chassis and systems, alongside plans for four new models in 2025. IM Motors initiated pre-sales for its fifth model, the flagship IM LS9 six-seat extended-range , in early November 2025, with official launch on November 12, 2025, and deliveries following thereafter, positioning it as the brand's largest vehicle at 5,279 mm in length.

Strategic Plans and Future Outlook

IM Motors has outlined an ambitious international expansion strategy for 2024 and 2025, targeting key emerging markets to broaden its global presence. In 2024, the company planned to introduce its L7 sedan and LS7 SUV in regions including , the , , and , leveraging these models' advanced intelligent features to penetrate diverse consumer bases. By 2025, this effort extends to with the rollout of the LS6 SUV and L6 sedan, aiming to establish a foothold in more mature automotive markets through localized adaptations and partnerships. A notable in this expansion occurred in October 2025, when IM Motors officially entered the market, launching the IM5 sedan (the overseas variant of the L6) and IM6 (the overseas variant of the ). This entry, marked by the opening of a dedicated showroom in Leng Kee Road, positions as a strategic hub for further Southeast Asian growth, with both models qualifying under Categories A and B (COE) schemes to appeal to urban buyers seeking premium new energy vehicles (NEVs). To support this global push, IM Motors is expanding its 2025 model lineup with four new vehicles: two battery electric vehicles (BEVs) and two extended-range electric vehicles (EREVs), representing the brand's first foray into the segment via its proprietary Hengxing range-extender system. These additions aim to diversify offerings, addressing varied concerns while maintaining a focus on intelligent driving capabilities, with EREV models promising over 1,500 km of combined range. The company has set a target of achieving 100,000 annual sales units by the end of 2025, building on cumulative deliveries that reached this milestone overall by late 2024. As of October 2025, IM Motors delivered 13,159 vehicles that month, bringing year-to-date sales to approximately 56,000 units and indicating continued momentum toward the annual target amid competitive domestic pressures. Looking further ahead, IM Motors envisions a future centered on AI-integrated autonomous driving, with its IM AD system evolving to "" capabilities by 2025, enabling seamless navigation across urban commuting scenarios through end-to-end algorithms and advanced . Complementing this, the company prioritizes sustainable manufacturing practices, incorporating efficient 800V (SiC) platforms to reduce energy consumption and emissions in vehicle production and operation. To fuel these initiatives, IM Motors completed a Series B funding round totaling 9.4 billion (approximately $1.3 billion USD) in December , with additional tranches secured in early 2025, directed toward R&D in digital chassis systems, technology, and global infrastructure scaling. These resources are poised to accelerate overseas operations and innovation, positioning the brand for sustained growth in the evolving NEV landscape.

Products and Technology

Current Models

IM Motors' current lineup as of November 2025 consists of five premium electric vehicles: the L7 full-size , the L6 mid-size , the LS7 full-size , the LS6 mid-size , and the LS9 full-size EREV . These models emphasize , advanced driver-assistance systems (ADAS), and high-performance electric powertrains, positioning the brand in the competitive upper-mid to EV segment. All vehicles incorporate intelligent driving features, such as AI-powered chassis control and comprehensive sensor suites for Level 2+ . The , launched in September 2022 with deliveries beginning in 2023, is a full-size built on an 800V architecture. It measures 5,098 mm in length with a 3,100 mm and offers seating for five. options include a dual-motor all-wheel-drive setup delivering up to 425 kW and 725 Nm of torque, achieving 0-100 km/h acceleration in 3.8 seconds. The is a 90 kWh NMC pack from , providing a CLTC of up to 708 km in base configurations. Pricing starts at RMB 299,900 for the entry-level variant. The LS7, introduced in 2023 and updated in June 2025, is a full-size three-row designed for family . It spans 5,049 mm in with a 3,060 mm and supports up to seven passengers. The 2025 refresh features an all-wheel-drive with a front motor of 200 kW and a rear motor of 379 kW, totaling 579 kW, for a 0-100 km/h sprint in 3.9 seconds. Equipped with a 100 kWh , it achieves a CLTC range of 700 km and utilizes a 900V system for enhanced charging. Entry pricing is set at RMB 339,900 (promotional RMB 329,900 as of July 2025). The IM LS6, launched in 2023 and significantly updated in September 2025 with extended-range electric vehicle (EREV) options, is a mid-size SUV serving as the brand's volume leader. Measuring 4,937 mm long with a 2,960 mm wheelbase, it accommodates five passengers. BEV variants include rear-wheel-drive models with 245 kW or 300 kW motors, accelerating from 0-100 km/h in 6.4 or 5.8 seconds, respectively, paired with a 76 kWh LFP battery (650 km CLTC) or 103 kWh ternary lithium battery (up to 802 km CLTC). The EREV configuration offers 52 kWh LFP (370 km pure electric) or 66 kWh ternary lithium (450 km pure electric, up to 1,502 km combined CLTC), powered by a 230 kW motor. Pricing begins at RMB 197,900 for BEV models. The IM L6, a compact to mid-size launched in May 2024 following its debut at the 2024 Motor Show, targets agile luxury performance. It has dimensions of 4,931 mm in length and a 2,950 mm for five seats. choices range from 75 kWh LFP (650 km CLTC) to a 133 kWh semi-solid-state pack in the Lightyear Edition, exceeding 1,000 km range. Power outputs include a single rear motor at 294 kW (5.6 seconds to 100 km/h) or dual motors at 579 kW (3.2 seconds). Starting price is RMB 209,900. The LS9, a full-size six-seat EREV SUV launched on November 12, 2025, serves as the brand's flagship model. It measures 5,279 mm in length with a 3,160 mm . The dual-motor all-wheel-drive delivers 390 kW, achieving 0-100 km/h in 4.9 seconds. options include a 52 kWh LFP pack (320 km CLTC pure electric range) or 66 kWh ternary lithium pack (402 km CLTC), with combined ranges of 1,454 km and 1,508 km respectively. Pricing starts at RMB 322,800 for the 52 kWh variant and RMB 352,800 for the 66 kWh variant.

Concept and Upcoming Vehicles

IM Motors has showcased innovative concept vehicles to demonstrate its vision for intelligent electric mobility, emphasizing advanced design and environmental integration. The IM Airo, unveiled at the 2021 Auto Show, is a four-door electric developed in collaboration with Heatherwick Studio. It features autonomous and manual driving modes, a customizable interior with modular seating, and an integrated air purification system using filters to capture pollutants from surrounding traffic, aiming to improve urban air quality while producing zero emissions. This concept highlights IM Motors' focus on sustainable, multifunctional vehicles that address environmental challenges beyond traditional transportation. The IM LS7 Concept, also revealed at the 2021 Shanghai Auto Show, served as an early preview of a full-size . It featured a sleek, aerodynamic with a closed front grille, L-shaped LED headlights, and smooth body lines that emphasized spaciousness and efficiency. This prototype directly influenced the production IM LS7, retaining key aesthetic elements while adapting them for manufacturability and performance. Through these concepts, IM Motors illustrated the versatility of its Cube-A modular intelligent electric platform, which supports scalable architectures for sedans, s, and future variants by enabling flexible integration and configurations. Looking ahead, IM Motors plans to expand its lineup with global market offerings, including the IM5 compact sedan and IM6 mid-large under the IM branding in international markets such as the and , launched in 2025. These BEV models feature 75 kWh and 100 kWh options for the IM5 (up to 575 WLTP range, 800V architecture, four-wheel steering) and advanced intelligent driving with for the IM6. These leverage the Cube-A platform's modularity to ensure seamless integration of BEV powertrains, supporting IM Motors' strategy for scalable production and diverse market segments.

Core Technologies and Innovations

IM Motors employs a modular architecture centered on its high-voltage () , which supports 800V and quasi-900V systems for enhanced fast charging capabilities. This enables peak charging powers up to 268 kW, allowing to regain approximately 310 km of in 15 minutes, while integrating advanced for improved efficiency and performance across models. In battery technology, IM Motors has integrated semi-solid-state batteries into its L6 sedan, featuring a 133 kWh pack that delivers over 1,000 km of range under CLTC standards, marking a significant advancement in and longevity compared to traditional lithium-ion cells. For extended-range electric vehicles (EREVs), the company utilizes 66 kWh ultra-large battery packs, which support pure electric ranges exceeding 450 km while minimizing fuel consumption to as low as 5.32 L per 100 km in hybrid mode. The company's AI and autonomy features are powered by the IM AD system, which includes Navigate on (NOA) capabilities for both highway and urban environments, covering over 389,000 km of roads across 333 Chinese cities. This system leverages Alibaba's AI ecosystem through the IM AIOS smart cockpit, enabling seamless integration of large models for enhanced decision-making, voice interactions, and over-the-air () updates that continuously refine autonomous driving and in-cabin intelligence. In July 2025, IM Motors revealed its "Super Range-Extended" technology, branded as Hengxing, for EREV models, combining a setup with a to achieve total ranges surpassing 1,200 km, with some configurations reaching up to 1,500 km. This innovation uses the 66 kWh alongside an efficient to extend usability without compromising electric-first performance. Sustainability efforts at IM Motors incorporate recycled materials into vehicle production, as part of parent company SAIC Motor's initiatives, which have developed and applied five types of recycled materials to reduce environmental impact and promote circular economy principles in powertrain and interior components. Efficient powertrains further support these goals by optimizing energy use and lowering emissions across the lineup.

Business and Market Presence

Sales Performance

IM Motors initiated vehicle deliveries in 2022, achieving approximately 5,000 units during its launch phase. Sales expanded significantly in 2023 to 38,253 units, reflecting a 71% year-over-year increase driven primarily by the LS7 SUV and LS6 SUV models. The company sold 65,505 units in 2024, marking a 71% growth from the previous year amid rising demand for its intelligent electric vehicles. In 2025, IM Motors delivered approximately 56,247 units from January to October (January–August: around 32,000 units; September: 11,088 units; October: 13,159 units), pursuing a 50% year-over-year increase from 2024 figures. The first half of the year saw a 14.67% year-over-year decrease, with 19,158 units delivered. The November 2025 launch of the LS9 extended-range is expected to contribute to achieving the annual sales target. The IM LS6 emerged as the brand's leading model, accounting for over 50% of 2025 sales to date and delivering 15,174 units from January to April alone. This performance has been influenced by intense market competition in China's premium segment, aggressive pricing strategies to attract consumers, and ongoing NEV subsidies that enhance affordability.

Funding and Financial Developments

IM Motors was founded in 2020 as a between , , and Shanghai's Zhangjiang Hi-Tech, with an initial angel round investment of 10 billion RMB to support its establishment and early development. In August 2022, the company completed a Series A financing round, raising approximately 3 billion RMB and achieving a of nearly 30 billion RMB. In March 2024, IM Motors secured over 8 billion RMB ($1.1 billion) in its Series B round, led by affiliates of parent company , marking one of the largest investments in Chinese EV brands in recent years. The funds were earmarked for advancing smart vehicle models and core technologies. On December 25, 2024, IM Motors announced the completion of its B1 funding round, raising a total of 9.4 billion RMB ($1.3 billion) across the Series B efforts, with the latest tranche of about 1.4 billion RMB ($191.8 million). This capital infusion, supported by existing shareholders including SAIC and Alibaba, is intended to fuel , model expansion, and intelligent driving capabilities. To date, IM Motors has raised approximately 22.4 billion RMB since inception through these rounds. The company's financial approach leverages its strategic partnerships for operational efficiencies, integrating 's automotive expertise with Alibaba Group's and technologies to manage costs in vehicle production and digital services.

Global Expansion and Operations

IM Motors' primary manufacturing operations are centered at the Lingang New City base in , a key facility under its parent company , which supports the production of its electric and extended-range vehicles. This plant, spanning approximately 1.2 million square meters, integrates traditional and new energy vehicle assembly lines, enabling efficient output for both domestic and export markets. To meet growing demand, IM Motors has outlined plans for an additional production park scheduled for completion in 2026, initially targeting an annual capacity of 100,000 units to bolster its global supply capabilities. The company's leverages strategic partnerships within the SAIC for core components, including batteries sourced through SAIC's integrated , which ensures reliable access to high-capacity lithium-ion and semi-solid-state technologies. Software and integration draws from collaborations with , a co-founder of the , providing cloud-based and connectivity features essential for IM's smart platforms. For exports, IM Motors emphasizes local sourcing strategies to adapt vehicles to regional standards, such as compliance with emissions and safety regulations in target markets, minimizing logistics costs and enhancing . In 2025, IM Motors accelerated its international footprint with a notable launch in on October 9, introducing the IM5 electric and IM6 electric through a new flagship showroom operated by Eurokars Group. This entry builds on prior expansions into the , where operations began in 2024 with the debut of the L7 and LS7 models in markets like the UAE and , represented by Smart Mobility International. Ongoing market entries include , where the LS7 flagship was introduced in mid-2025 to tap into Latin American demand for EVs. In , the brand advanced with the rollout of the LS6 (IM6) and L6 (IM5) models starting in July 2025, showcased at events like the and targeted for broader availability amid the region's growing EV adoption. Operational challenges in these expansions include navigating tariff barriers imposed on Chinese EVs, such as the 25% U.S. duties extended to influence and other markets, which have prompted adjustments in pricing and volumes. To counter this, IM Motors has focused on localization efforts, including partnerships for regional assembly and component adaptation to reduce import dependencies and comply with trade agreements like the EU's anti-subsidy probes. Supporting these initiatives, IM Motors expanded its dealer network to over 200 outlets across by 2025, providing a robust domestic foundation for logistics and after-sales service. Overseas, the company has established initial partnerships, such as with Eurokars in and MG's network in the UK for IM-badged models, to facilitate early market presence without extensive standalone . These efforts have contributed to modest in new regions, though detailed figures are covered in performance analyses.

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