Plus Announces Driverless Semi Demonstration: What Investors Should Know
An autonomous trucking company going public via SPAC shared details of a successful driverless highway test.
What Happened: Plus, which is going public via the SPAC Hennessy Capital Investment Corp V (NASDAQ: HCIC), has completed a driverless Level 4 truck demonstration on a highway.
The test was conducted using Plus’s Level 4 autonomous driving technology, without a safety driver and featured no human intervention. The test was conducted on the Wufengshan highway in China.
Plus obtained a special permit to conduct the test on the newly built highway.
Related Link: Autonomous Trucking Company Plus Announces SPAC Deal: What Investors Should Know
Why It’s Important: Plus is one of several companies seeking to create an autonomous semi-truck in an effort to provide cost savings and help with a driver shortage in the industry.
“The driverless demo highlights the ability of our Level 4 autonomous driving technology to enable driverless highway operations in a semi truck,” Plus COO and Co-Founder Shawn Kerrigan said.
Plus expects to launch pilot operations of driverless trucks in 2022. The company will work with its suppliers and fleet customers to further develop and test a driverless product.
PlusDrive is being developed by Plus as a commercial driver-in product for semi trucks. Mass production of the FAW J7 L3 truck that's powered by PlusDrive will start in the third quarter of 2021, according to the company.
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