BEIJING, Nov. 17 -- China's e-commerce industry needs better logistics solutions, an opportunity that Swedish commercial vehicle manufacturer Volvo Group is ready to seize.
"One very interesting development where China has a lead is in the e-commerce sector. That increase is very positive for Volvo because we see that sophistication of transport is very important in e-commerce, that's why the demand for our type of solution has been increasing," said Martin Lundstedt, President and CEO of Volvo Group.
The solutions the company has been trying to offer are autonomous, electric, connected vehicles that improve efficiency and safety, according to many Volvo executives at an industry forum in Beijing this week.
On the sidelines of the forum, the company demonstrated a self-driving truck that can drive itself from one hub to another, using sensors and GPS to monitor its surroundings. When encountering obstacles, the truck brakes automatically.
According to Lars Stenqvist, chief technology officer of Volvo Group, while the company will continue to add new features to the prototype, it is in discussions with partners about the applications of such vehicles, first in confined areas such as mines.
"We are ready to take the step from demonstrations into commercialization together with our customers. That could be in any country in the world," Stenqvist said.
While China's passenger cars sector has seen rapid growth in recent years, its commercial vehicle industry has been relatively lagging behind, said Cen Yanqing, chief engineer at the Research Institute of Highway of the Ministry of Transport.
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