KargoBot chief Junqing Wei was speaking at CNBC's East Tech West conference in China.
"We believe that a cargo mobility revolution is going to happen in the next 10 years, that logistics will be very different from what it is today," KargoBot CEO Junqing Wei says.
"We believe that a cargo mobility revolution is going to happen in the next 10 years, that logistics will be very different from what it is today," he added. The logistics market, Wei said, is worth more than $1 trillion, with KargoBot focusing on the delivery of raw material for manufacturers and factories.Wei shared what he learned from operations in Inner Mongolia. "There are routes with maybe 200 kilometers, but there are over 1,000 trucks running on the routes, back and forth every day," he said.
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