Chinese Joint Venture Announces Autonomous Truck Development Project
G7 founder and CEO Xuehun Zhai. Photo: G7
A Chinese joint venture has announced plans to begin development of “next-generation, smart, heavy trucks” powered by autonomous vehicle technology and featuring “new energy technologies and logistics big data.”
According to financial news reports, G7 Networks, a China-based company that provides fleet management and logistics technologies, has formed a joint venture with GLP, a “logistical solutions provider,” and investment firm NIO Capital, focused on developing “next-generation smart heavy-duty trucks powered by autonomous driving, new energy technologies and logistics big data.” Both GLP and NIO Capital are Chinese companies.
According to reports, the proposed trucks will be designed and operate using G7’s data and fleet management capabilities, GLP’s logistics ecosystem and NIO Capital’s automotive industry partnerships.
The joint venture’s goals will be to “pursue autonomous-driven electric heavy-duty trucks" that are “highly efficient, safe and easy to manage and to build innovation in ‘asset-as-a-service’ for the logistics and transportation industry via artificial intelligence,” according to G7.
Additionally, G7 said it has invested in additional emerging technologies, including big data, AI and smart equipment in order to promote intelligent transformation, connectivity and sharing for logistics assets, including trucks and trailers. Currently, G7 says, its logistics platform serves more than 50,000 customers and connects more than 600,000 vehicles.
“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,” said Xuehun Zhai, G7’s founder and CEO.
The companies did not announce a time frame for development and production of its autonomous truck line.