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.
Speaking at CNBC's East Tech West conference in the Nansha district of Guangzhou, China, KargoBot chief Junqing Wei said his business is looking to"revolut" freight transportation."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.
That makes the area"a very good fit for autonomous driving." On top of that, those routes were in"a little bit of a rural area," meaning there's a lower chance of vehicles coming across"very complicated pedestrian crossings or vulnerable road users."China's AI applications are coming — where it matters for monetization
"When we first deployed the system … two to three years ago, we didn't realize those are the huge challenges," Wei said.
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