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Alibaba Set to Merge Autonomous Driving Unit with Zelos in $2 Billion Deal
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Autonomous delivery vehicles operating in an urban logistics corridor as Alibaba scales last-mile automation through a strategic merger.
(AI generated)1SummaryAlibaba’s logistics arm, Cainiao, is reportedly planning to merge its autonomous-driving operations with Chinese startup Zelos Technology in a deal that could create a combined entity valued at around $2 billion.
Zelos Gains Scale, Alibaba Gains SpeedFounded in 2021, Zelos Technology focuses on Level 4 autonomous delivery solutions for postal services, express logistics, and urban distribution networks.
For Zelos, it instantly becomes one of the largest autonomous delivery operators in China.
Zelos develops Level 4 autonomous delivery vehicles used in postal services, express logistics, and urban distribution.