TUS

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Formerly known as Tsinghua University Science Park (TusPark) Development Center founded in August 1994, Tus-Holdings was incorporated in 2000. The company takes full responsibility for developing, constructing, operating and managing TusPark.Tus-Holdings is the controlling shareholder, or shareholder, of over 800 listed and non-listed enterprises. The total assets under its management amount to nearly RMB 200bn.

Headquartered in Zhengzhou, China Reform TUS Fund is China's first capital management fund. Jointly backed by state-level venture capital funds, top Chinese universities and the provincial government, it invests primarily in new energy, healthcare and information technology.

TusPark Technology Asset Management Co., Ltd., and TusPark Business Incubator Co., Ltd., were both founded in 2001 as the investment arms of Tsinghua Science Park. Affiliated with Tsinghua University, Tsinghua Science Park promotes technology innovation and entrepreneurship. In 2007, the two companies were merged and became TusPark Ventures. The firm employs an “investment + incubation” model when investing in Chinese high-tech startups. TusPark Ventures currently manages over RMB 3 billion in assets.

TuSimple aims to become profitable by revving up mass production of self-driving trucks and launching world’s first freight version of Waymo One by 2024.

Victor Mayoral Vilches is a co-founder and advisor at Alias Robotics in Spain. He also works as CEO at Acutronic Robotics, a branch of the Swiss company where he was also CTO. Together with his brother, he co-founded Erle Robotics in 2012 and became its MD and CTO. Erle was sold to Acutronic Robotics in 2016 for €4million.He has a PhD in Bio-Robotics from the Italian Institute of Technology in Tuscany and a Computer Science degree from King Juan Carlos University, Madrid. A member of the Spanish National Robotics Committee, Victor Vilches is experienced in robotics and AI.

Chen Mo has been a longtime entrepreneur before co-founding TuSimple in August 2015. He founded Beijing Canqiong Advertising LLC in 2005, gaming platform Poker Sports Community in 2010, Cogtu Technologies in 2014 and O2O automobile trading platform Cheguo.com in May 2015.

Born in the 1980s in Beijing, Hou Xiaodi graduated in Computer Science at Shanghai Jiao Tong University in 2008. After completing his PhD in Computation and Neural Systems at the California Institute of Technology (Caltech) in 2014, he returned to Beijing and co-founded Cogtu Technologies that specializes in image recognition for advertising. In August 2015, he co-founded TuSimple and became its president and CTO based in San Diego, USA.

The VC arm of Tsinghua University, THG Ventures was founded in 2015. It is managed by the investment team from the state-owned Tsinghua Holdings Ltd., which has specialized in venture capital investments since 1999 and is one of the first China teams focused on RMB investment. The team also founded TusPark Incubator and TusPark Ventures.  

With more than 175 years of history, Navistar is the fourth biggest truck-maker in the US. The company drives new innovations in engine technologies, with products ranging from commercial trucks and buses to defense vehicles.In June 2020, it partnered with self-driving trucking startup TuSimple to produce L4 autonomous trucks. It also invested in its first Chinese company TuSimple.In March 2021, Navistar stockholders approved acquisition by TRATON, part of the Volkswagen Group. TRATON has also invested in TuSimple.

TRATON is a subsidiary of Volkswagen Group and one of the world’s largest producer of commercial vehicles. It manufactures light-duty commercial vehicles, trucks and buses at 29 production and assembly sites in 17 countries.The company is now focusing on developing electric trucks and announced in March 2021 that it will invest a total of €1.6bn in e-mobility R&D by 2025. In September 2020, it partnered with self-driving trucking startup TuSimple to mass produce driverless trucks.In March 2021, Navistar stockholders approved the acquisition of Navistar by TRATON. Subject to regulatory approvals, the transaction is expected to be completed by mid-May.

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