Mo Chen, one of TuSimple’s co-founders, created Hydron, which is mostly located in China, in 2021. The business has stated that it intends to manufacture hydrogen-powered vehicles in North America. Investigators are investigating whether TuSimple violated the law by failing to notify regulators about its intention to fund and transfer technology to Hydron, according to the Journal.
TuSimple stated today that CEO Xiaodi Hou, who also serves as CTO and President, will be replaced on an interim basis by Ersin Yumer, vice president of operations, while the company searches for a new CEO. “These steps have been taken in line with an ongoing investigation undertaken by the Audit Committee of the Board,” the business stated in a statement.
