Autonomous Trucks
In November, he transferred his rights for super-voting shares that he and co-founder Mo Chen received when TuSimple went public in April 2021. With his 10:1 super-voting shares and those owned by Hou, Chen controls about 59% of the voting rights in the company. They claimed he had lacked transparency with the board about TuSimple employees working with a startup founded by Mo Chen. Ten days later, Hou fired the four independent directors, temporarily leaving Hou as the company’s only director. TuSimple lays off 350 TuSimple employeesNavistar International ended its 2½-year development partnership with TuSimple in December.