Qiangua Technology announces business contraction due to tight capital chain

Qiangua Technology, a startup focusing on L4 driverless freight truck technology, recently announced a business contraction due to financing difficulties and tight capital chain. CEO Ding Fei revealed in an internal email to all employees that the company will stop developing new models, cancel the delivery of new orders, suspend R&D projects with OEMs, and reduce operating costs, including reducing cloud service costs and reducing salaries for all employees.