The Shanghai-based company had a tough time in the past few months with disappointing financial and sales performances. It has recorded losses in three consecutive quarters since its initial public offering last year.
The company already announced one major change in its business model at the end of last year, saying it would downplay its "2B" dealer-focused, auction-based business by removing certain services like inspections.
"The tuk-tuk was chosen as a test vehicle because the three-wheeler is more energy-efficient than a car, requires fewer parts, is cheaper and is more suitable for the country’s hot weather," said Amares Chumsai Na Ayudhya, Founder of Bangkok-based Airovr.
Selfdrive.ae partners with car manufacturers, dealer networks and leasing companies to offer a complete range of cars starting from the economy, mid-size saloons, compact SUVs, MUVs, and 4×4 SUVs to serve its customers.
Code42 that retains the industry’s top talents who spearheaded technology projects related to AI, autonomous driving and mobility at both domestic and overseas tech companies can develop the best solutions that meet the demands of the investors, the company said.