Chinese Internet-of-Things (IoT) firm G7 and logistics firm GLP have teamed up with NIO Capital, a private equity fund backed by Chinese electric vehicle maker NIO focused on investment in the new energy vehicle industry chain, to form a technology joint venture developing smart trucks. Controlled by G7, the joint venture is to develop a new generation of smart heavy-duty trucks powered by autonomous driving, new energy technologies as well as logistics big data, and to explore innovative models of …

Chinese IoT Firm G7, Logistics Firm GLP Teams Up With NIO Capital To Form Autonomous Trucks JV appeared first on China Money Network.