The CEO of a firm focused on autonomous trucking believes huge change is coming to the sector — with humans and technology working hand in hand to transform the way goods are delivered.
Wei said KargoBot was incubated by the Chinese ride-sharing powerhouse Didi for the past three years.
KargoBot, he said, already has more than 100 autonomous driving trucks on the road, mainly on routes in Inner Mongolia, northern China.
"They have been automatically driving and also, they are delivering goods, they are actually doing commercial operations already."
The logistics market, Wei said, is worth more than $1 trillion, with KargoBot focusing on the delivery of raw material for manufacturers and factories.
Persons:
Junqing Wei, Wei, KargoBot, Didi
Organizations:
CNBC's East Tech West
Locations:
Nansha, Guangzhou, China, Inner Mongolia