intelligent transport solutions
According to a 2018 UN report 55% of the world's population lives in urban areas today, a proportion that is expected to increase to 68% by 2050. As the world continues to urbanize, many countries and megacities will face challenges in sustainable development, including for transportation.
It is calculated that the Global average congestion level in 2019 is 29%, which means a 30-minute trip will take 29% more time than it would during baseline uncongested conditions. Figures from United Nations Road Safety Collaboration reveals that there are 3,700 road traffic deaths per day, that is 1.3 million people killed on the world's roads each year.
Governments around the world are now calling for solutions to enable smart urban mobility to improve traffic efficiency and safety. Genvict, as an expert in designing and implementing intelligent transport system, is capable of providing complete solutions to enable sustainable mobility in smart cities.
Established in 2004, Genvict is a publicly-listed (Stock Code: 002869) high-tech smart intelligent transportation system companies. We are the leading intelligent traffic solutions provider having achieved great success in China's ETC market. Our core businesses are electronic toll collection (ETC), smart urban mobility, and connected vehicles (V2X).
Genvict's headquarter situated in Shenzhen and has 6 subsidiaries, 6 branches and 4 offices, 2 manufactories with one-million-OBU monthly manufacturing capacities, 11 R&D labs cooperating with scientific research institutes, acquiring over 400 patents. We operate in 29 provinces nationwide in China and have businesses in over 30 countries around the world.
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