self-driving truck Archives

TuSimple’s Stock Price Plunges 45% After Firing CEO

TuSimple, an automated driving technology company, announced on October 31 that it has terminated Hou Xiaodi, the CEO, President and CTO of the company, and that it has removed him as Chairman of the Board.

Full Truck Alliance May Acquire China Arm of Startup Plus

Reports have surfaced suggesting that digital freight platform Full Truck Alliance may acquire the China arm of Plus, an autonomous driving truck company.

Geely to Acquire TuSimple’s Asia-Pacific Business

Chinese automotive maker Geely plans to buy the entire stake of autonomous driving company TuSimple's Asia-Pacific business. The Zhejiang-based firm has made an offer to TuSimple's headquarters in the United States.

Plus Delivers 100 Factory-Installed Autonomous Heavy Trucks

On August 16, a batch of J7 heavy-duty trucks built jointly by autonomous driving truck company Plus, Zhito Technology and Faw Jiefang Automotive Company was delivered to Rokin Logistics.

TuSimple Loses $110 Million in Operations in Q2

On August 2, TuSimple, a driverless truck company, released its Q2 financial report. In Q2, its revenue totaled $2.594 million, up 73% compared with that of $1.482 million in the same period last year.

Pony.ai Sues Qingtian Truck for Trade Secrets Infringement

Pony.ai, an autonomous driving company, has issued an internal letter stating that Qingtian Truck is suspected of infringing trade secrets. Pony.ai is therefore suing Qingtian Truck, and its principal leaders are going to court.

Pony.ai and SANY Heavy Truck Set Up Joint Venture

Autonomous driving technology company Pony.ai announced a strategic joint venture on July 28 with SANY Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer SANY Heavy Industry.

Autowise.ai Bags B2 Round of Financing Worth Nearly $30M

Autonomous driving startup Autowise.ai has announced its completion of a B2 round of financing totaling 200 million yuan ($29.8 million).

Automated Driving Company Plus Launches “Plus Build” Program in US

Plus, an automated driving heavy truck company, announced on Monday the launch of the "Plus Build" program in the United States.

Ride-hailing Giant Didi to Explore Driverless Trucks

In addition to Robotaxi, autonomous driving trucks have now been added to ride-hailing giant Didi's business roadmap.

DeepRoute.ai Uses Autonomous Trucks to Combat Omicron Variant in Shenzhen

DeepRoute.ai recently mobilized two medium-duty trucks with level-4 autonomous driving capabilities to deliver goods to facilities into the COVID-19 variant Omicron affected area.

Autonomous Driving Logistics Firm Inceptio Technology Secures $188M Financing Round

Autonomous driving truck firm Inceptio Technology announced on Monday it has secured $188 million in B+ round equity financing.

Autonomous Driving Startup TuSimple Agrees to U.S. Regulations

Autonomous driving startup TuSimple has reached an agreement with U.S. authorities to resolve security concerns around its self-driving truck operations and the company’s ties with China.

Autonomous Driving Startup TuSimple Makes Deal with Foton

TuSimple, an autonomous driving technology startup, is in talks with commercial vehicle maker, Foton, to produce heavy trucks aimed at improving the efficiency of long-distance logistics.

Westwell Unveils World’s First Intelligent Battery-Swap Driverless Commercial Vehicle, Q-Truck

Westwell held a media conference in Shanghai on January 15, announcing the mass production of the world's first intelligent battery-swap driverless commercial vehicle, the Q-Truck.

Plus and IVECO Announce Autonomous Driving Test in Europe and China

Self-driving truck company, Plus and IVECO, the commercial vehicles brand of CNH Industrial, announced that they will jointly conduct automated driving tests in Europe and China.

China VC Weekly: Chips, Trucks, New Dairy

In last week’s China VC news: Chinese autonomous truck company Trunk Tech raises $30 million to develop next-generation technology, a slew of local chip makers complete fundraising rounds, and more.

China VC Weekly: Self-driving Trucks and Biotech

In this week’s VC news, self-driving truck pioneer Inceptio Technology closed a $270 million round of financing and aims to start mass producing its proprietary autonomous driving system.

Autonomous Truck Company Inceptio Technology Completes B Round Financing of $270 Million

Inceptio Technology, a leading autonomous truck company, announced on Tuesday it has completed a B round of financing worth $270 million.

Amazon Purchases 1,000 Self-Driving Truck Systems from Plus, Marking a Further Step Towards Autonomy

Amazon Inc. has purchased 1,000 autonomous driving systems from self-driving truck technology startup Plus, the Chinese firm said in a regulatory filing, according to a report by Bloomberg.

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