G7 And Marubeni Sign MOU to Collaboratively Explore Innovative Business Models in Fleet Management
BEIJING, November 14, 2018 — Recently, G7, a leading Chinese smart product, and Internet of Things (IoT) technology company, signed a Memorandum of Understanding (MOU) for cooperation with Marubeni Corporation (Marubeni). The two sides will work together in areas related to digital management and operation of fleets, leveraging Marubeni’s global fleet management experience, and G7’s IoT and AI technical capabilities. The companies will explore the establishment of an innovative service model for smart asset and operation management.
（Mr. Atsushi Suzuki, Chief Operating Officer, Automotive & Leasing Business Division, Marubeni, talking with Mr. Zhai Xuehun, Founder and CEO of G7）
Founded in 1858, Marubeni Corporation is one of Japan’s top five general trading companies and is engaged in the import/export of domestic and international trade of commodities, technologies, and services. PLM, a Marubeni subsidiary, is the largest fleet management company dedicated to cold chain trailer operations in the U.S. Based on the potential cooperation, G7 will contribute its IoT and AI technology to provide smart fleet operation management support, as well as data platform services for Marubeni. This will enable Marubeni to enhance its fleet management system with smart, data-driven assets. Meanwhile, Marubeni’s vast experience in established international markets such as the United States, will help contribute to the development of G7 and China’s logistics market.
Mr. Atsushi Suzuki, Chief Operating Officer, Automotive & Leasing Business Division, Marubeni, and Mr. Ma Zheren, President of G7
Commenting on the agreement with G7, Mr. Toshiaki Ujiie, Group CEO of Transportation & Industrial Machinery Group at Marubeni, said: “Marubeni has accumulated rich experience through its focus on fleet management and operational transformation. We will work closely with G7 to capitalize on IoT and AI technologies trends over the next decade, to deliver smart management for traditional transportation equipment and provide more value-added services to our customers.”
Mr. Zhai Xuehun, founder and CEO of G7, said: “Marubeni has rich experience in operating assets on a global scale. G7 will leverage our IoT and AI technologies to upgrade the assets and transform them into real smart assets that can “talk and think” through the accumulation of data and the iteration of algorithms.”
Building on the MOU for cooperation, G7 and Marubeni will jointly explore innovative service models for fleet management. By fusing a global vision and experience of China’s technology and market development, the two sides are poised to discover new trends amid the evolution of smart assets in the industry.