Autonomous-truck developer TuSimple plans driverless road test this year
Self-driving company TuSimple Holdings Inc. plans to test its autonomous trucks without backup drivers on public roads in Arizona later this year, executives of the newly public company said.
TuSimple, which has offices in the U.S. and China, on Thursday raised $1.08 billion through an initial public offering that sold some 33.8 million shares. The company priced shares at $40 apiece, above its indicated price range, giving it a capitalization of about $8.49 billion.