G7 enters into a joint venture with GLP and NIO Capital to develop autonomous trucks

China: G7, a leading Internet of Things (IoT) technology company in China, GLP, the leading global provider of modern logistics facilities and technology-led solutions, and NIO Capital today announced a joint venture (JV), controlled by G7, focused on developing next-generation smart heavy-duty trucks powered by autonomous driving, new energy technologies, logistics big data and exploring innovative models of ‘vehicle-as-a-service’.

Focusing on logistics and road transportation scenarios, the joint venture is committed to delivering breakthroughs in autonomous driving, new energy technologies and logistics efficiency to meet and exceed customers’ expectations.

As the logistics technology leader in China, G7 actively invests in IoT, big data, AI and smart equipment and promotes intelligent transformation, connectivity and sharing for logistics assets, including trucks and trailers. The G7 platform serves more than 50,000 customers and connects more than 600,000 vehicles in real time, making it the largest open IoT platform in China’s logistics sector.

Xuehun Zhai, G7’s Founder and CEO said: “Through its technical capacity, G7 is at the forefront of tackling the latest challenges in fleet safety, energy efficiency and operations management. Emerging technologies and logistics big data are creating revolutionary opportunities to solve these long-term challenges. We will work closely with the automotive industry to achieve seamless integration of AI, trucks and logistics scenarios and will challenge ourselves with a goal of developing a dream truck for logistics companies.”

G7 President Julian Ma commented: “Redefining smart transportation equipment through new technologies and big data, as well as bringing innovation into asset management and ‘asset-as-a-service’ in the age of road transportation robots, represents historical opportunities and challenges to us. We look forward to close collaboration with leading automotive groups, logistics companies, high-tech firms, energy companies and financial institutions around the world and jointly push cross-field innovation to the extreme.”

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