HONG KONG, April 1 (Bernama-BUSINESS WIRE) — Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or “Group”, stock code: 1788.HK) announced that it has successfully participated in the Series B financing of Plus.ai (“Plus”), the world’s leading self-driving truck technology company. This financing was led by private equity team of GTJAI, joined hands with investors such as CPE, Hedosophia, FountainVest, ClearVue, SAIC Capital, Sequoia Capital, Manbang Group, Quanta Computer and old shareholders. Jointly support Plus to realize the mass production of a new generation of high-level self-driving heavy trucks and accelerate the global commercialization and deployment of its automated heavy trucks.
Assists Plus with Implementation of Mass-produced Self-Driving Heavy Trucks as well as its Global Commercialization
The injection of new capital will further assist the global commercialization of Plus and promote the application of mass-produced self-driving heavy trucks. At present, Plus has established in-depth strategic partnerships with a number of heavy-truck OEMs and logistics fleets. In China, Plus has assisted FAW Jiefang, a leading commercial vehicle company, to launch a high-level self-driving heavy truck J7 L3, which will be mass-produced and launched in mid-2021; At the same time, Plus and SF Express, the Chinese logistics giant, have achieved normalized commercial trial operations. In the United States, Plus will also simultaneously launch mass-produced automated driving products in 2021 to serve leading logistics customers.