(Yicai Global) July 10 -- An Anhui-based unit of auto parts firm Vie Science & Technology will supply Alibaba-sponsored internet electric car maker with components.
Vie Automobile Parts will provide Xiaopeng Motors twist-beam rear suspension and front subframe products for the latter's upgraded G3 2.1 sport utility vehicle, the Zhejiang province-based car parts parent said in a statement.
Xiaopeng revealed the first G3 in January at the Consumer Electronics Show in Las Vegas. The Guangzhou-based firm has gained support from Alibaba, which is believed to hold at least a 10-percent stake in it after leading a funding round worth USD350 million in the same month.
Xiaopeng, founded in 2014, plans to expand overseas and generate USD2.7 billion in growth this year. Pre-sales of the first model started in China in April.
Editor: Emmi Laine