Successful Test Puts TuSimple in Fully Autonomous Driver’s Seat

Company completes what it calls the first fully automated heavy truck driving test on real roads using self-developed system Key takeaways: TuSimple says it has completed the world’s first fully automated test of a self-driving heavy truck JPMorgan sees the company’s success as a major milestone, but has given it a “hold” rating By Fai Pui Three days before the New Year, TuSimple Holdings Inc. (TSP.US) uploaded a 1-hour, 23-minute video of a heavy truck departing from a railroad near the U.S. city of Tucson, Arizona at night. The footage…

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Trucking Specialist TuSimple’s Latest Report Is Hardly Simple

Second-quarter results show company in rapid expansion mode, and increasingly placing its bets on U.S. market for self-driving trucks Key points: TuSimple’s recent hiring spree and growing stable of major trucking partners show its autonomous driving technology is moving closer to commercialization Company’s highlighting of U.S. developments and muted discussion on China show it is rapidly moving its focus to the U.S. By Doug Young On the surface at least, autonomous truck driving specialist TuSimple Holdings Inc’.s (TSP.US) latest earnings report looks a lot like its name: quite simple. That…

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Invesco, Fidelity Hitch a Ride With Full Truck Alliance’s Supersized IPO

Trucking services leader boosts fundraising target to $1.8 billion, which could become the largest New York listing by a Chinese company this year Key points: Full Truck Alliance is well-positioned to consolidate its leading position in China’s emerging trucking services market The company’s sharp boosting of its IPO fundraising target reflects investor confidence in its strong growth and profit potential By Doug Young When it comes to big money, there’s lots to be made on China’s roads – specifically in trucking services. That’s the main message coming from Full Truck…

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Autonomous Truck Startup TuSimple Navigates Difficult Terrain Between U.S. and China

Company’s bumpy New York trading debut reflects investor indecision as it becomes world’s first autonomous driving technology firm to list Key Takeaways: TuSimple’s biggest strengths are its strong business partners and early arrival to the relatively simple long-haul truck segment of the autonomous driving sector The company’s biggest vulnerabilities are its China ties, as well as competition from rivals backed by giants like Amazon, Alphabet and Baidu By Doug Young Life is anything but simple these days for TuSimple Holdings Inc. (Nasdaq: TSP), the newly listed autonomous truck technology firm…

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