The Digital Source For China's Tech Innovation Since 2000

TuSimple reputationally challenged but has cash

March 29, 2023
Source: freightwaves.com freightwaves.com
News Snapshot:
TUCSON, Ariz. — TuSimple Holdings needs closure on a raft of investigations before it can reclaim technology leadership in the nascent autonomous trucking industry. But a balance sheet with nearly $1 billion is a big advantage. “Our runway is three years, and that’s excluding any strategic decision on China,” TuSimple Chief Financial Officer Eric Tapia told FreightWaves in an interview at the company’s testing operations site. “China’s a great business. They have some interesting initiatives with OEMs. But right now, even if we wanted to, we cannot sell it as we have this regulatory cloud.” It is more than a...
Go To Original Source →
Tags: agreement | audit | board of directors | book | Business | carrier | cash | CEO | CFIUS | CFO | chairman | chief financial officer | China | cloud | Economy | finance | investment | manufacturing | medicine | national security | Pandemic | stock market | supply chain | technology | Texas

Other Related News:

Cometh the hour, cometh the Mandelson: UK ambassador rides crest of a trade deal

May 10, 2025

Russia's Victory Day parade felt more like a celebration of war than peace

May 9, 2025

FBI warns outdated routers are being hacked and hijacked for criminal purposes

May 9, 2025

Premarket: Trade hopes feed risk appetite, boosting stocks and spurring bitcoin

May 9, 2025

Russia holds Victory Day parade marking the 80th anniversary of the defeat of Nazi Germany

May 9, 2025

‘If I had to choose, I’d prefer the earthquake’: the 2015 disaster left Nepal in ruins, now record rains wreak fresh havoc

May 9, 2025

This $1,200 PTZ camera is a glorified webcam, but it gave my creator workflow a big boost

May 9, 2025

Russia’s Victory Day parade begins, marking the 80th anniversary of the defeat of Nazi Germany

May 9, 2025

Genesis to tackle electric, plug-in hybrid BMW, Benz SUVs with new range-extender

May 9, 2025
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2025 ChinaTechNews.com. A Service of Asia Media Network.
Twitter