Freetech Finds Investor Interest in Slower Autonomous Driving Lane
The company has raised nearly $150 million in its B-series funding, including $100 million last November and another 300 million yuan late last monthKey Takeaways:Freetech raised about 300 million yuan…
TuSimple Nearing End of the Road With Economic Espionage Allegations?
The U.S. national security regulator has reportedly asked the Justice Department to investigate the autonomous trucking startup’s co-founders for economic espionageKey Takeaways:TuSimple’s two co-founders and another top executive could be…
Autonomous Driving Tech Firm Hesai Takes Pole Position With U.S. IPO Application
The maker of light detection and ranging (LiDAR) technology could become the first major U.S. IPO by a Chinese company in more than a yearKey Takeaways:Hesai Group’s IPO application includes…
Huawei-backed Saimo Takes IPO Route Towards Driverless Tech
Saimo Technology, which provides simulation testing for autonomous driving, has filed to list on the Hong Kong Stock ExchangeKey Takeaways:Saimo Tech has applied for a Hong Kong IPO, but its…
FAST NEWS: TuSimple’s Quarterly Loss Narrows Sharply, Beating Expectations
The latest: Autonomous truck company TuSimple Holdings Inc. (TSP.US) said it recorded a $112 million loss in the first quarter of the year, narrowing by more than half from a…
TuSimple Looks to Decouple From China. Others to Follow?
Autonomous truck technology company is reportedly looking to sell its China business for about $1 billion Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China…
TuSimple Paves the Way for Its Truck Technology Commercialization
Company reaches settlement with U.S. national security regulator, but spooks investors with elevation of its co-founder CTO to chairman and CEO positions Key Takeaways: TuSimple announced that co-founder and CTO…
