G7, GLP and NIO Capital Form Autonomous Driving Electric Truck JV
April 2, 2018
G7, GLP and NIO Capital have introduced 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'.
Founder and CEO of G7 Xuehun Zhai
Built on G7's massive real-time data and fleet management capabilities,
GLP's open logistics ecosystem and NIO Capital's extensive automotive
industry partnership, the JV aims to create the next generation of smart
vehicles for logistics and transportation through cross-industry
collaboration. The JV's immediate objectives are to develop
industry-leading, 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
Focusing on logistics and road transportation scenarios, the JV is
committed to delivering breakthroughs in autonomous driving, new energy
technologies and logistics efficiency to meet and exceed customers'
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."
is the world's leading modern logistics solutions provider and a pioneer
in developing smart logistics and building a logistics ecosystem. Ming
Mei, Co-Founder and CEO of GLP said: "GLP is focused on leveraging data
to help our customers improve efficiency and maximizing the value of our
logistics assets. We are pleased to join this JV with G7 and NIO Capital
to drive forward technological innovation as well as exploration of
applying renewable energy in the logistics industry globally."
NIO Capital is a private equity fund that invests in themes which are
reshaping the automotive, mobility, energy and IoT sectors, through an
industry focused and value creation approach. "Focusing on mega
industries and creating major projects sit at the core of our investment
approach and are the driver of our partnership with G7 and GLP. In our
collaboration, we expect to take full advantage of NIO Capital's
industry access, actively leverage the resources of NIO's 'Blue Sky
Alliance' and share the automotive industry's traditional experience and
cutting-edge AI technology with the logistics sector," said the NIO's
Founder, Chairman, CEO and NIO Capital's Managing Partner William Li.