Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 463

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 463
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 the Industry .” Initially, the parties are targeting fleet operators in North America and Europe.

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IVECO . Our collaboration with IVECO began in 2021 to jointly develop and commercialize L4 autonomous heavy‑duty trucks for the European market. IVECO is a leading global transport vehicle manufacturer that delivered 146,000 trucks in 2024. The partnership has included successful technical validations and public demonstrations, including an on‑road test in Germany with DSV. In June 2025, IVECO announced that it intends to be acquired by Tata Motors. Our collaboration agreement with IVECO governs the development, integration and validation of the SuperDrive autonomous driving software on IVECO vehicle platforms. Pursuant to the development provisions of such collaboration agreement, PlusAI is reimbursed for a portion of the research and development expenses attributable to specific development activities. The agreement contemplates the negotiation of commercial terms relating to production of IVECO vehicles integrated with SuperDrive autonomous driving software upon completion of pre-development activities. Initially, the parties are targeting fleet operators in Europe.

Hyundai Motor Company . In 2024, we launched a collaboration with Hyundai Motor Company to develop and test L4 autonomous trucks on Hyundai’s Class 8 hydrogen fuel cell platform. Hyundai Motor Company is one of the world’s largest vehicle manufacturers and produces a full range of commercial vehicles, including trucks, buses, and specialized vehicles. Our collaboration agreement with Hyundai governs the development, integration and validation of the SuperDrive autonomous driving software on Hyundai’s Class 8 hydrogen fuel cell platform. The agreement contemplates the negotiation of a further pilot program upon completion of the proof-of-concept project.

None of these agreements (1) grant exclusivity to either party with respect to autonomous driving software or (2) contain binding purchase commitments for future commercial volumes of our products.

Ecosystem and Technology Collaborations

In addition to OEM partnerships, we have built a strong ecosystem of technology and fleet demonstration partners that help drive product capability and adoption:

We work with NVIDIA to optimize neural network models for deployment on the NVIDIA DRIVE Thor platform, an automotive‑grade, safety‑compliant compute system. This collaboration also includes initiatives to advance physical AI capabilities for L4 autonomous trucking using large-scale neural network-based world foundation models. These models enable accurate simulation and modeling of dynamic driving environments through multimodal perception and predictive reasoning about vehicle, pedestrian, and traffic behaviors, and provide synthetic data generation for training and validation.

We have also established partnerships