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Teaming up with the SPAC controlled by former investment banker Michael Klein will put a valuation of $1.2 billion on Plus. The combined entity will be known as PlusAI.

Hydrogen trucks cost more than diesel models, but autonomous driving capabilities could double the utilization of those vehicles and improve the total cost of ownership calculation.

The startup conducted a variety of driverless safety tests with its SuperDrive autonomous driving system installed on an International LT Series Class 8 tractor in East Liberty, Ohio.

Automated driving technology company Plus has been ramping up on-road testing of autonomous heavy-duty trucks in the United States and Europe in cooperation with Traton Group’s commercial truck brands.   

Automated driving technology company Plus has been ramping up on-road testing of autonomous heavy-duty trucks in the United States and Europe in cooperation with Traton Group.

Truck maker Navistar Inc. has partnered with Plus, a developer of automated driving technology, to pave the way for hub-to-hub autonomous Class 8 trucks.

The technology powering advanced driver assistance systems is continuing to improve, laying the groundwork for more autonomous driving and creating significant safety and maintenance benefits.

Plus is considering listing its non-China businesses in a U.S. initial public offering, according to people familiar with the matter, after the self-driving-truck startup scrapped a merger with a blank-check company.

Iveco joined driverless truck technology company Plus for the launch of an autonomous pilot program in Europe and China, the companies announced Dec. 20.

BEIJING — Driverless trucks will help revamp the logistics and industrial sector in China, as autonomous driving technologies have taken off in the country amid the COVID-19 pandemic.