Beyond China: emerging markets hold key to profitability for world’s largest robovan fleet

AI Summary

Zelos Technology, a leader in autonomous driving, reports that Chinese robovans could be twice as profitable in Southeast Asia and the Middle East than in China. The company views international expansion as critical to scaling the world’s largest robovan fleet, founded in Suzhou in 2021.

Chinese robovans could generate twice as much revenue in Southeast Asia and the Middle East than in the domestic market, making overseas expansion a must for profitability, according to autonomous driving leader Zelos Technology. The company claims to have built the world’s largest robovan fleet since it was founded in Suzhou in 2021, but scaling up international business was key for survival, said Sean Zhang Xuchen, co-founder, chief operating officer and head of global business at...