Self-driving company Tucson plans to sell its US business in the future, and its focus will shift to the Asia-Pacific region.
Thanks to CTOnews.com netizen West Window old clues delivery! CTOnews.com Autopilot company Tucson Future announced yesterday that it is exploring strategic alternatives to its US business, including the possible sale of its US business. The company stressed that if it eventually sells its U.S. business, Tucson will continue to be a global L4 autonomous driving technology company in the future, with a greater focus on Asia Pacific and other major global markets.
Tucson Future said the company's U.S. operations set a number of industry-first records, including the first fully driverless operation on open public roads in the United States.
In an interview with Forbes magazine, Lu Cheng, CEO of Tucson Future, said that there is no confirmed buyer at present, and the plan to split the US business is not due to pressure from the Committee on Foreign Investment in the United States (CFIUS).
Tucson Future is headquartered in San Diego, USA and listed on NASDAQ in 2021. According to a resolution passed by the board, the company plans to completely separate its larger U.S. operations from truck projects operating in China and Japan.
Lu Cheng believes that although there is no review pressure from CFIUS at present, if the business sale is successful,"it will be the most meaningful step to alleviate any national security concerns that CFIUS may have in the future, because if a company does not have a research and development department in the United States, then there is no national security problem." "
Lu Cheng also stressed: "As of the last disclosure, the amount of cash we hold is close to 1 billion US dollars (CTOnews.com Note: currently about 7.24 billion yuan), and there is no shortage of funds. This sale plan stems from our thinking on how to maximize shareholder value in the long run. "
CTOnews.com previously reported that Tucson announced in mid-June that it had successfully completed the fully unmanned test of China's first self-driving heavy truck on open roads, with no safety officer on duty and no human intervention.
