Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 461

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 461
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ACCAR, and IVECO. These OEMs are the industry’s primary distribution and support channels, selling vehicles directly to commercial fleets or through established dealer networks. They also provide essential after‑sales services, including warranty, maintenance, and parts replacement, making them indispensable partners for large‑scale commercialization of new technologies.

Wide‑scale adoption of autonomous trucking solutions will require factory‑built vehicles that meet rigorous safety, redundancy, and validation standards. We believe that OEM production processes are best positioned to deliver these requirements while providing the quality assurance needed to build customer confidence.

We believe that OEM integration also aligns with fleet operators’ procurement preferences. Commercial fleets typically acquire vehicles through OEM channels to preserve existing commercial and liability frameworks, ensure service access, and maintain residual values. Accordingly, we expect that purchasing autonomous trucks through traditional channels is likely to reduce operational and legal friction while improving unit economics through streamlined hardware installation, supply chain coordination, and after‑sales support.

OEM partnerships are therefore central to PlusAI’s go‑to‑market strategy. These relationships provide access to the manufacturing, distribution, and service networks needed for large‑scale deployment while supporting long‑term operational reliability for fleet customers.

Competitive Landscape for Autonomous Technology

The autonomous driving industry is still in the early stages of commercialization and is attracting significant investment from both technology companies and established automotive manufacturers.

Two main competitor groups have emerged:

Autonomous Technology Companies . Independent developers of autonomous driving systems for commercial trucking, focused on core capabilities such as perception, planning, mapping, and control.

Automotive OEMs . Established truck manufacturers pursuing vertically integrated autonomy programs to deliver end‑to‑end solutions without reliance on third‑party providers.

Independent technology companies must overcome the difficulty of integrating their solutions into OEM production environments and scaling without access to factory networks. OEMs, by contrast, have manufacturing and distribution expertise but often face long development timelines and heavy capital requirements to build autonomy in‑house.

We believe that the key success factors in this market include:

technical maturity and demonstrated safety performance at scale;

ability to operate reliably across diverse operational environments;

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strength and breadth of commercial partnerships;

efficient go‑to‑market execution through trusted channels; and

business model scalability and defensibility of intellectual property.

We believe PlusAI is well‑positioned across each of these dimensions. Our AI‑native architecture, global dataset, and disciplined safety program provide a robust technical foundation. We complement this with the ability to deeply integrate into OEM production programs, enabling factory