Autonomous Trucks
A company hoping to disrupt the massive semitruck market announced a SPAC deal Monday, with plans to launch autonomous trucks in 2021. The SPAC Deal: Plus, formerly known as Plus.ai, announced a SPAC deal with Hennessy Capital Investment Corp V (NASDAQ: HCIC). About Plus: Plus is working on mass production-ready, low-cost Level 4 autonomous driving technology for the long-haul trucking sector. Related Link: Exclusive: TuSimple CEO On Autonomous Semitrucks, Competition And Going PublicGrowth Projections For Plus: Plus is targeting an autonomous long-haul trucking market worth an estimated $1.2 trillion in the United States and China. By the year 2025, Plus anticipates holding a 7% market share of the autonomous trucking market.