TuSimple, Navistar scrap deal to develop self-driving trucks

CreateAl Holdings

05/12/2022 22:59

Dec 5 (Reuters) - TuSimple Holdings Inc  TSP.O  and
Navistar have ended a deal to co-develop self-driving trucks,
the companies announced on Monday.  
    In 2020, Illinois-based Navistar bought a minority stake in
TuSimple and announced a deal to co-develop heavy-duty
self-driving trucks by 2024, as the autonomous driving
technology space boomed with investor attention. 
    The trucks would have operated at Level 4 autonomy - where
vehicles can operate without a driver under set conditions.
    TuSimple also received nearly 7,000 orders for the
self-driving trucks from companies including DHL Supply Chain,
Schneider  SNDR.N  and U.S. Xpress  USX.N .
    San Diego, California-based TuSimple, which in October said
it plans to focus on initial commercialization of its trucks in
2023, did not specify reasons for ending the deal.
 (Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)
 ((Eva.Mathews@thomsonreuters.com;))