- Announced leadership changes with the addition of two key
positions as we continue transitioning from testing to
commercialization and, ultimately wide deployment of autonomous
trucking technology
- Expanded our patent portfolio with 37 new patents as we
continue to focus on technologies to support efficient commercial
AV operations
- Announced our partnership with global logistics leader,
Hegelmann Group
- Enhanced our government affairs and advocacy efforts
- Updated 2022 adjusted EBITDA, stock-based compensation, CapEx
and ending cash balance guidance
SAN
DIEGO, Aug. 2, 2022 /PRNewswire/ -- TuSimple
(Nasdaq: TSP), a global self-driving technology company based in
San Diego, California, has
released unaudited financial results for the second quarter ending
June 30th, 2022. TuSimple's complete
quarterly financial results and management commentary can be
accessed through the company's shareholder letter on the quarterly
results page of the investor relations website at
ir.tusimple.com.
"The progress we have made over the last few years is
significant. We have built a first-class team from the ground up
and created a safety-first culture to develop our industry-leading
technology," said Xiaodi Hou,
Co-Founder and CEO, TuSimple. "The next 2 - 3 years is all about
bringing efficiency into everything that we do and we are confident
in our ability to deliver advanced autonomous trucking at a
commercial scale to build a safer, more efficient, and sustainable
future on the road."
What: TuSimple Q2 2022 Earnings Conference Call
When: Tuesday, August 2,
2022
Time: 2 p.m. PDT/ 5 p.m. EDT
The conference call will be webcast live on TuSimple's Investor
Relations website at ir.tusimple.com or by clicking here.
A replay of the call will be available on the Investor Relations
website at ir.tusimple.com.
About TuSimple
TuSimple is a global autonomous driving
technology company headquartered in San
Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing
a commercial-ready, fully autonomous (SAE Level 4) driving solution
for long-haul heavy-duty trucks. TuSimple aims to transform the
$4 trillion global truck freight
industry through the company's leading AI technology, which makes
it possible for trucks to drive safely autonomously, operate nearly
continuously, and reduce fuel consumption by 10%+ relative to
manually driven trucks. Global achievements include the
world's first fully autonomous, 'driver-out' semi-truck run on open
public roads, and development of the world's first Autonomous
Freight Network (AFN). Visit us at www.tusimple.com.
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SOURCE TuSimple Holdings, Inc.