Chinese Robovan Fleet Eyes Overseas Markets for Profitability
Chinese company Zelos Technology, claiming the world's largest robovan fleet, sees Southeast Asia and the Middle East as key to profitability, potentially generating double the revenue compared to their domestic market. International expansion is deemed crucial for survival.
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 worldβs 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...