Alibaba to develop self-driving trucks with logistics unit Cainiao [Reuters]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Reuters
by Alibaba's logistics arm Cainiao, in Hangzhou, Zhejiang province, China June 10, 2021. REUTERS/Yilei Sun HANGZHOU, China/BEIJING (Reuters) - Chinese e-commerce leader Alibaba Group Holding Ltd plans to develop self-driving trucks with logistics subsidiary Cainiao, Chief Technology Officer Cheng Li said on Thursday. Cheng also said Cainiao aims to introduce 1,000 autonomous delivery robots in China over the next year. The announcement comes as dozens of startups, automakers and large technology firms, such as internet search leader Baidu Inc, accelerate work on self-driving vehicle systems, which are widely expected to bring a sea change to the transportation industry. Other self-driving truck makers include U.S. firm TuSimple Holdings Inc, which listed shares in April. Reporting by Yilei Sun and Tony Munroe; Editing by Christopher Cushing
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