TuSimple is apparently being investigated for connections to a Chinese business
According to The Wall Street Journal, the autonomous trucking business TuSimple is being investigated for its links to a Chinese corporation. According to reports, the FBI and SEC are investigating whether the San Diego-based business deceived investors by funding and transferring technology to Hydron, a company owned by one of TuSimple’s founders.
It was the latest hint of the difficult road ahead for many AV businesses as the sector shrinks, financing dries up, timeframes are pushed back, and regulators identify flaws in the system. TuSimple, a key supplier of autonomous truck technology, is already under investigation by the Federal Motor Carrier Safety Administration for an earlier this year collision involving one of their vehicles.