Hou Xiaodi, co-founder and former chief executive officer of self-driving truck company TuSimple Holdings Inc. (TSP), has joined forces with another major shareholder to oust the company’s board of directors, according to a regulatory announcement on Thursday.
This time it was Chen Mo, another co-founder of Tusimple, who teamed up with Hou Xiaodi to attack the board of directors. On Oct. 30, the company’s board had just removed Hou Xiaodi as CEO and chairman. At the time, future TuSimple directors said Hou’s firing was related to an ongoing board investigation into TuSimple’s ties to Chinese start-up Hydron Inc.
The day before Xiaodi Hou was fired, The Wall Street Journal reported, citing people familiar with the matter, that Tucson Future and its leadership (primarily Xiaodi Hou) were facing serious challenges from the FBI, the Securities and Exchange Commission (SEC ) and the Committee on Foreign Investment in the United States (Committee…
