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“MaaS combines multi-modal transport services into a single platform, providing innovative offerings of on-demand mobility services enabled through digital connectivity,” Chief Executive Officer Datuk Madani Sahari said.
Through this new partnership the Alibaba mobility platform, Banma Network Technology, will be used to create a connected car operating system and will be used to increase online technology throughout the industry according to the two companies.
By the end of 2019, the company had raised almost $3 billion. With a production plant already established these new funds will be used to develop three newer electric models which could cost around $1 billion to create.