TuSimple considers selling its US business as it shifts focus towards Asia

**Self-Driving Truck Developer TuSimple Exploring Sale of U.S. Business**

Self-driving truck developer TuSimple has announced that it may sell its U.S. business, according to a regulatory filing. The company, which is facing the risk of being delisted from the Nasdaq stock exchange, is considering strategic alternatives for its U.S. operations, including a potential sale. TuSimple also has operations in China and Japan and has been increasing its focus on those markets. The company has recently started testing its self-driving technology on public roads in Japan and completed its first fully autonomous test run on public roads in China.

**Shift in TuSimple’s Focus**

If TuSimple proceeds with the sale of its U.S. business, it plans to concentrate its operations in Asia-Pacific and other global markets. This represents a change in direction for the company, as it has previously positioned itself as an American company with international operations. However, due to regulatory scrutiny and concerns over its ties to China, TuSimple had considered selling its Asia-Pacific business and ultimately dismissed its CEO, Xiaodi Hou, over the company’s relationship with Hydron Motors.

**TuSimple’s Previous Actions**

In May, TuSimple had announced that it would no longer pursue the sale of its Asia business. Instead, the company initiated two rounds of layoffs within six months, impacting only its U.S. employees. As part of its efforts to explore potential transactions for its U.S.-based business, TuSimple has hired Perella Weinberg Partners as a financial advisor.

**Nasdaq Delisting Risk**

TuSimple’s recent filing comes as the company faces the risk of being delisted from the Nasdaq stock exchange. The exchange held a hearing with TuSimple to assess its status, but the outcome of the hearing has not yet been disclosed. As of now, TuSimple has not provided a comment on the matter.

**Conclusion**
The self-driving truck developer TuSimple is considering the sale of its U.S. business and a shift in focus to its operations in Asia-Pacific and other global markets. The decision comes as the company faces delisting from the Nasdaq stock exchange. TuSimple has been expanding its presence in China and Japan and recently conducted successful tests of its self-driving technology on public roads in both countries. By exploring potential transactions for its U.S. business, TuSimple aims to adapt to changing market conditions and regulatory concerns.