TuSimple∗ Archives

TuSimple Announces Restructuring and Layoffs for 25% of Employees

TuSimple, an autonomous driving technology company, has announced a restructuring plan which will impact approximately 350 of its employees, or 25% of the workforce, while 80% of the remaining approximately 1,100 employees are in R&D functions.

TuSimple’s Stock Price Plunges 45% After Firing CEO

TuSimple, an automated driving technology company, announced on October 31 that it has terminated Hou Xiaodi, the CEO, President and CTO of the company, and that it has removed him as Chairman of the Board.

Geely to Acquire TuSimple’s Asia-Pacific Business

Chinese automotive maker Geely plans to buy the entire stake of autonomous driving company TuSimple's Asia-Pacific business. The Zhejiang-based firm has made an offer to TuSimple's headquarters in the United States.

TuSimple Loses $110 Million in Operations in Q2

On August 2, TuSimple, a driverless truck company, released its Q2 financial report. In Q2, its revenue totaled $2.594 million, up 73% compared with that of $1.482 million in the same period last year.

Autonomous Truck Developer TuSimple Co-founder Huang Zehua Leaves Job

TuSimple, an autonomous driving truck company, has seen another high-level leadership change.

TuSimple Co-Founder Chen Mo Sets Up Autonomous Truck Firm Hydron

Chen Mo, the co-founder and former executive chairman of Chinese automated driving technology company TuSimple, announced on Friday that he has established Hydron, a new company providing L4 autonomous driving and hydrogenation infrastructure services.

WeRide Receives $400M in Financing

Autonomous driving technology company WeRide has recently obtained more than $400 million in a new round of financing, and its valuation after the investment totals $4.4 billion.

Autonomous Driving Startup TuSimple Explores Sale of China Unit

Autonomous driving startup TuSimple is looking to sell its business in China and focus on the U.S. market, after the startup reached an agreement with the U.S. government to restrict the China unit's access to data.

Autonomous Driving Startup TuSimple Agrees to U.S. Regulations

Autonomous driving startup TuSimple has reached an agreement with U.S. authorities to resolve security concerns around its self-driving truck operations and the company’s ties with China.

Autonomous Driving Firm TuSimple Reports Loss of $116M in Q4 2021

TuSimple, a Chinese autonomous driving technology company, released its unaudited financial report for the fourth quarter of 2021 on Wednesday.

Autonomous Driving Startup TuSimple Makes Deal with Foton

TuSimple, an autonomous driving technology startup, is in talks with commercial vehicle maker, Foton, to produce heavy trucks aimed at improving the efficiency of long-distance logistics.

TuSimple, NVIDIA Develop Domain Controller to Scale Up Autonomous Trucking

On Tuesday, TuSimple, a global autonomous driving technology company, has expanded its ongoing partnership with NVIDIA to design and develop an advanced autonomous domain controller (ADC).

TuSimple Completes World’s First Unmanned Semi-Truck Public Road Test

TuSimple announced that it has successfully completed the world's first fully autonomous semi-truck run on open public roads without a human in the vehicle and without human intervention.

Alibaba Leads $300 million Investment into Autonomous Driving Start-up DeepRoute.ai

DeepRoute.ai, an L4 autonomous driving company in China, announced on Tuesday that it had completed the B round of financing of $300 million, which was led by Alibaba.

TuSimple to Go Public as a Self-Driving Company, Revenue to Be Largely Derived from AFN

Self-driving truck company TuSimple revealed on Tuesday its prospectus with the U.S. Securities and Exchange Commission (SEC), planning to go public on Nasdaq on April 15th with the ticker “TSP.”

Autonomous Truck Company TuSimple Doubles Weekly Runs for UPS

TuSimple has deepened its partnership with delivery giant UPS by adding new routes in Texas.

TuSimple Secures Extra $120 Million in Funding to Refine Driverless Trucks

San Diego-based self-driving truck startup TuSimple, announced on September 17 that its Series D round had secured an additional $120 million.

UPS Invests In Self-Driving Truck Developer TuSimple

United Parcel Service (UPS) is jumping into the self-driving vehicle world by investing in self-driving truck startup TuSimple. The Atlanta-based shipping giant sees it as an opportunity to boost on-road safety and efficiency.

TuSimple Cooperates with USPS On Self-Driving Mail Delivery

On May 21, the United States Postal Service (USPS) announced that it is from now on going to ship mail and parcels on self-driving trucks, partnering with self-driving vehicle startup TuSimple.

Amazon In Talks To Acquire TuSimple

The U.S. e-commerce giant Amazon is negotiating with TuSimple, a Chinese self-driving truck company, about acquisition details, people familiar with the matter told Tmtpost.

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