TuSimple to explore strategic alternatives for U.S.-based operations

TuSimple is evaluating strategic alternatives for its U.S. business with a goal to maximize shareholder value. The company has engaged Perella Weinberg Partners as a financial advisor to explore possible transactions for the U.S.-based portion of its business. The decision to explore strategic alternatives for the U.S. business was guided by the company’s review of multiple business factors and commercial opportunities. The company does not plan to make further public comment regarding these matters until the Board of Directors has approved a specific transaction or other alternative or otherwise concluded its review of strategic alternatives.