Automotive Nov 10, 2021 10:55 AM (GMT+8)
According to foreign media reports, Zhijia Technology (plus) and special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V (HCIC V) will jointly explore a new transaction structure and terminate the current version of the M & a agreement (the deadline is November 8, 2021). In view of the recent changes in the regulatory environment outside the United States, plus is considering restructuring some businesses to a certain extent, and then the two sides may discuss the potential merger of new businesses. Neither party shall pay the termination fee.
For the termination of this cooperation, Daniel Hennessy, CEO of Hennessy capital, said: "we are still optimistic that the two sides can explore the possibility of commercial merger again in the near future and further promote the development of sustainable transportation."
David Liu, CEO and co-founder of Zhijia technology, said: "Chi plus technology has always been committed to bringing the autopilot heavy truck to the global market. At present, great progress has been made. Since 2021, Chi Jia has begun to deliver the PlusDrive automatic driving system to its customers, and has obtained thousands of orders. Besides, Chi Jia has completed the world's first intelligent high-speed highway heavy truck full driverless test, showing the future of heavy truck transportation. We are very grateful to HCIC V. The support of the team. "
This text is a result of machine translation.