TuSimple Collaboration with Navistar
Gunderson Dettmer represented client TuSimple, a global self-driving technology company, in its business collaboration with Navistar. The two entities have entered into a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024. The strategic partnership is the result of a successful technical relationship between the companies for more than two years. In addition, Navistar has taken a minority stake in TuSimple.
In the announcement of the transaction President of TuSimple Cheng Lu said, “You don’t need to over-engineer this. Trucking is always about taking freight from point to point on predefined routes and this is where we can add value by addressing pain points in the industry.”
The Gunderson deal team included Zhen Liu, Richard Chang, Huihui Cai and David Cao.