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Cainiao, STO (002468.SZ) Clinch Autonomous Vehicle Co-op, Aiming for 2,000 Vehicles by Yr-End
STO (002468.SZ) entered into a strategic cooperation with Cainiao for autonomous vehicles, Chinese media reported. Both parties will focus on last-mile delivery scenarios, accelera...
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Cainiao, STO (002468.SZ) Clinch Autonomous Vehicle Co-op, Aiming for 2,000 Vehicles by Yr-End
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STO (002468.SZ)  +0.210 (+1.726%)   entered into a strategic cooperation with Cainiao for autonomous vehicles, Chinese media reported. Both parties will focus on last-mile delivery scenarios, accelerating the scaled application of autonomous delivery and jointly exploring new vehicle models and modes suitable for multiple scenarios.

This cooperation is reportedly another key move in the field of end-point intelligence for STO, following the disclosure of the goal to deploy 2,000 autonomous vehicles by the end of the year during the customer open day at the end of June.
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