Zelos
Americannoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Chinese robovan company Zelos Technology has bolder ambitions after striking a deal to create a $2 billion business with Alibaba’s logistics arm.
The merger with Alibaba’s Cainiao autonomous-driving vehicle unit has paved the way for a fundamental change at the robovan company, Zelos Chief Executive Kong Qi said in an interview.
While many in the industry zero in on turning a profit, Zelos is taking advantage of Alibaba’s artificial-intelligence capacity and logistics network to leapfrog its technology.
That means that Zelos’s robovans can operate in places that aren’t well-mapped out, such as residential and rural communities, allowing the company to reach under-serviced areas, he added.
Zelos already operates in over 300 cities in China, a scale that has significantly diluted its per-vehicle operating and management costs, he said, adding that cash flow and gross margin turned positive in November and December last year.
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