PALO ALTO, U.S. -- TuSimple, a U.S.-based developer of self-driving truck technology with Chinese ties, has applied to delist from Nasdaq, with its market value dwindling to around 1% of its peak amid commercialization delays and rising interest rates.
Automobiles
China-linked self-driving startup TuSimple to delist from Nasdaq
Market value sinks to 1/100th of post-IPO peak amid trade tensions
Slow progress on bringing its self-driving truck technology to market has contributed to the drop in TuSimple's shares. (TuSimple)
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