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Nio Capital-backed CATL completed the $120m investment in Inceptio Tech.

Synopsis

Nio Capital-backed Contemporary Amperex Technology, a Chinese electric vehicle battery maker, completed the $120m investment in Inceptio Tech, an autonomous truck startup. The truck manufacturing industry is expected to be an earlier adopter of autonomous driving technology than passenger vehicle manufacturing as driving on motorways is more predictable than on busy city streets.

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