Autonomous trucking company TuSimple is considering selling its U.S. business, according to documents filed Tuesday with the U.S. Securities and Exchange Commission.
The decision to explore strategic alternatives for the U.S. business, including a possible sale, “was guided by the company’s review of multiple business factors and commercial opportunities,” according to a TuSimple press release.
A company spokesperson said Thursday that the board was “regularly evaluating a range of business factors that includes macro environment, access to capital, commercial partnerships and timelines. Those factors led to the board to make the decision to explore a possible sale at this time. We are very early in the process, so we don’t have any specific prospects that we are able to discuss at this time.”
TuSimple, of San Diego, develops autonomous driving technology for long-haul, heavy-duty trucks. The company operates in the U.S. and Asia.
