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Chinese autonomous truck firm faces board dispute

Chinese autonomous truck firm TuSimple’s annual shareholder meeting on Friday will determine the future composition of its board of directors.

Tension is rising between co-founder and former chief executive officer Xiaodi Hou and the company since Hou was ousted as CEO in 2022.

He announced plans to remove the board if necessary through a written consent process.

TuSimple is urging shareholders to re-elect the current directors and approve a proposal to stagger the board.

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