A new electric vehicle (EV) from the Alibaba Group Holding-backed IM Motors will launch this month, joining a crowded but rapidly growing market dominated by Tesla and Chinese firms Xpeng and Nio.The first smart electric car from IM Motors will go on sale on March 29, with the first deliveries slated for April, according to an article published on Thursday on Alizila, the official news hub of Alibaba, owner of the South China Morning Post.IM Motors is an EV joint venture controlled by China’s…

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