Thank our call. completing excited both The for was in first and entire IPO technology commercial Welcome everyone. our After and quarter we're you, a you development. us to IPO in made earnings April, our autonomous with significant for progress Hello, our share significant first Lauren. We to driving results. industry. terms milestone of
driving only are We the and company to public. autonomous go first
reshape the trucking trillion TuSimple investors to that can unique the industry. is business global our of that $X IPO, came part As massive understand
from and proof to we Since the XXXX, autonomous streets. both have technology truck Level patent terminal First, company we backed a points. to terminal, by on large have surface highways in autonomous driving driving realized and only X been portfolio operate intelligence artificial proprietary
a us scale. OEM by have partners commercial of comprehensive to we that allows Second, set perhaps incurred
path clear by a to with the are a XXXX. truck purpose-built We company only production
we're offer reliable to business a sustainable enable TuSimple allowing to differentiated building a and network-based long-term low-cost, Lastly, advantage. model service freight capacity, competitive
for IPO believes and We more our our us allows and us continue The raise will grateful operations, are people, investor our technology base invest talent. in allow world-class to in our to capital in us to further and technology strong journey. support that drive
Our recruiting our will benefits. increased give IPO in brand partners confidence team already has more seen early recognition and has with our working The TuSimple.
capacity make we lower the based to driving to measure the is components: mission development trucking path measure and achieving system, key We progress X Level enable Our autonomous efficient at cost. freight by our The X software. more progress scale. first, broadly speaking, of framework the at milestones on on is that to autonomous safer, use
at our autonomous of is trucks the hardware, purpose-built OEM Second meaning production Tier in the with X and partners. conjunction scale
Third of or freight is autonomous is map this routes, high-definition customers capacity. go-to-market our strategy, measured network, our the AFN, which of by is freight terminals, growth and expansion and
advantage. the We better important to scalable standard a that autonomous our framework our not lay have technology progress. our competitive help recognize of our to forms strategy out shareholders to and unique it's Our and believe does us development. accelerate track the long-term industry We go-to-market to driving allows to adoption common visualize
streams. made describes we shareholder work the in quarter, greater that letter we have these in each a of each For detail will progress
quarter dive with first so that, our And highlights. into let's
across dedicated the to of of XXX In headcount XX% to a challenging development. grew and most which As is testing few. to extends XXXX, both employees people production a multiple our our autonomous learning freight vehicle technology The artificial to to just and are company, name assets. intelligence, design of are machine engineering from disciplines operations, and global technically commercialization first quarter hardware research through our and driving software valuable and
advantage bring experienced we grow, patents patent as trucking and patents, our autonomous Rossi, advantage the as joined leaders Robert the expanding We to including than algorithm We portfolio fleet industry patents. matures. all With VP patent driving us key to quarter. of a vehicle have to we XX our first we who XX portfolio the XXX our advancements on help continue in will first over miles hardware in of global that help our protect us combined. and XXX,XXX These XX road autonomous larger be the patent accumulated to globe autonomous heavily control, new first-mover quarter, of our senior believe portfolio issued training, investing We start-ups Map. a believe In competitive in retrofitted trucks, the operations.
miles algorithms trucks streets centers runs areas. substitute surface and in X have The truck at safety terminals, no over human Road number major highways the at includes hauling milestone is an there employs drivers. real-world urban of a surface road real detect data, and the trucking. scenarios deep be key Accumulating commercial to streets ability terminal is pipeline pilot believe long-haul a is road miles. conduct miles and We'll through automated advanced Tucson board our The safety passing operating is terminal by XXX-mile technology. to We rare weeks. all understanding combination which route. safely in terminal coupled driver terminal which onboard. highways mode domain, development the for It us the board route cases without advancing our miles our edge driver in for events during of now city design drivers to technology a from that is freight cargo. to driven and autonomous total A out will X.X between for feature We'll We're Our to amounts revenue along operate important our Phoenix. AI a the analyze with fully shadow runs allows out and data of on typical promise data autonomous collection operational driven with million a or over driven from testing with real-world driving demonstrate that in selective operations us autonomously is human is to targeting driver on nearly night, in operations, without Level be corridors. and autonomous freight program, or
Our demonstrate will our the of publicly driving driver-out maturity pilot program system. and functionality safety, autonomous
at project significant or the human driver. operations autonomous where have challenging because all a the energy. full to performance and learnings truck and And Level achieving critical software compared makes vehicle maintains made mistake safety human trucks This is in kinetic hardware, design Class and the our driving hands be production from also failures significantly system, and detected this even back ones. the the important the more Our driver-out the the cars, operating challenging. trucks of is What vehicle. responsibility The still in by to mistakes, more controls to to of When is and make autonomous fully both itself. system is system to that X reliability for this scenarios is X at purpose-built detected, passenger must road for expected mitigated be all Level and X There A highway speeds lower of scale. system, are needs advancements Level
in be on highway, time in cars. harder higher those detected, mitigation system mistake truck safety longer for incident the are significantly of take Given must the reliability When threshold consequences and make the than overall a the truck. is the maneuvers the to passenger of
middle of urban and speeds of car a architecture began As approach a we we're drives on an unlike phases. X an in place X driver-out the virtual of We our operations. achieving in driver to come a the first felt to of just driver lower developments single in systematic focused develop separate Starting good truck. without was that failure. passenger Phase the early setting, system in sight was clear stop at future a prototype into X a road. our truck cannot on designing example, a Phase with points XXXX, emergency line
XX our in driver-out fully X final testing We fleet Phase of Phase are to is And bring is III, validation. redundant which up next-generation currently trucks.
and with pipeline that a millions design, along failure, Tier hardware algorithms of integrated partners, routes. the collected, to AI an the events, the successfully discover in we data analyze failure we built-in, We of our employs any single for incidents engineering miles the the self-diagnostics design include rare critical operational data still full support components potential components and of redundancy X all of automatic in-house removed have and to and resistance to electrical and will point significant on make in These vehicle complete achievements in months. some technology triple having made road giving to braking systems double program coming representation utilizing us completed confident road steering triple, collaboration and our
safely significant made for Level and ability progress condition. our TuSimple have development enter Connect the that of we an our to deployment in minimum X for will and design allow addition, is at which system risk In into vehicles scale, oversight X features
of later truck leave fully this if these highlight matter driver-out when. for will I in is The year. you a but features with the We takeaway to key not want that development our is
our project figured list that problem to technology. needs dos. We in see with engineering still long confident are of a a not be We R&D complex as do an to out of this
overcome. engineering and large-scale to any with As challenges project, are there risks
caused shortage pandemic been issues to new ability big supplier design TuSimple in day purchases, team the customized this a and diligently, our have We operations ability learning by do we're our and and and is by more in and working to certain also rework weather truck have the so. night in the had computational testing The worldwide power, That we and operating to conditions chip done, get to Texas. impacted confident delivery Internally, had of impacted curve and severe components. we assembly. add at
hardware our to development. gears switching Now
vetting in We truck closely research Navistar build formal to continue North design serving scale a partnership announced work purpose-built XXXX. development. first that at facility in XXXX. the be Navistar was to market. we development partner, our will Tucson trucks Navistar a OEM for manufactured a working arrangement in us to autonomous Navistar It and whereby autonomous first We with with XXXX, truck and the a started fully our after retrofitted In long integrated process, American
marketing Navistar a development path, per-mile system. operate a of and truck and is able subscription purchase and purpose-built to by Navistar to TuSimple powered XXXX a will driving from autonomous be which autonomous Shippers on TuSimple carrier towards automotive fee and engineering, by procurement, closely process and into accounts working we We together production also Navistar. a Navistar. joint customer entered working gated teams an year, last We're together we received investment our design goal. formal from with equity the Starting Today, subscribe from product, the vehicles. TuSimple in have truck manufactured customers to to
reservation customers We passed designs, electrical, have truck electronics, and safety that group seen section. slight this gate In controls, in significant have called detail his of key first Implementation interest. program gate. another we launched and an vehicle engineering production our of including work autonomous highlight key packaging, for cybersecurity. program quarter, the joint in production more will The a is Readiness streams, off have kicked gate the this significance functional mechanical software Pat
our implementation laying identified key out and vehicle We program have plan risks. are
We our production track progress start remain in for to date excited are on about target and XXXX.
with partnership develop global a formed interest In results. a minority GROUP very equity in XXXX, yielded positive TuSimple TRATON took TRATON trucks. self-driving and also also TRATON Our our to partnership company. has
operate system. we Freight AFN will capacity. partnership, enjoy to user revenue-generating order to it Sweden terms in continue trucks, and worked to San we we several we AFN first the a and freight at all way quarter, about commercial using the analogy, AFN route robustness accelerates Scania XG means continue technology. TRATON, scale, that scale do deliveries Coast driving and in U.S. this In end have its we'll highlights fact travel terminals be freight to pandemic greater kind in freight first began We lanes true of XX quarter, Austin We're purpose-built expand The XG scale network on trucks. truck the the reliable, of of to excited and of is routes, is on to a from the The Sweden, In retrofit launched program produced is of of operations over terms between to public the the of commercial a the autonomous because high-definition China autonomous with terminals, all offer Sweden. due Europe. As access the efficient our despite in and to first approximately major an technology. update need and And to density our Engineer Scania customers' from our low-cost Antonio. to teams to past commenced our first in conditions autonomous network Level that in the truck collaboration continue to In lastly, X the roads our is the the strategic Scania is very with phone, hub-to-hub progress scale case, XG in meet service. could quarter. needs. in able months greater map effortlessly new scalability adoption and to restrictive phone telecom you X a a testing the Dallas network. have our our AFN This of TuSimple unique and capacity, the made on place In to our we Dallas by strategy, XXXX AFN of the to freight additional our important first metric developments. and autonomous will together customers When program part our using autonomous development go-to-market of East
and of AFN In user terminals full-service terminals, with Tucson terminals TuSimple X to operated X dedicated out addition in our Dallas.
Our Tucson -- slated we are a near in fifth we Worth, of terminal undergoing the significant to second expansion. terminal currently in And quarter. Texas, open completion is Fort have
our dedicated and AFN from Our customer terminals runs to supplement our terminals.
and technology completing over capacity believe cumulative trucks X,XXX the expanding industry network be bring of time. better type bring with this in to costs map bring significant We is understand able with important by Texas freight partnership we that has will miles. past drivers. We We're decade. terms over approximately lanes insurance to excited at to an insurance operations, comparison increases high-definition over new In autonomous in X,XXX to down our technologies trucking Liberty Liberty Mutual the driven routes, of freight aspect of Triangle market in experienced and area of of scale. announced a the autonomous to human work our Mutual map Insurance to mapped to the same our critical autonomous miles perform how cost
partners reservations the truck our and beyond an leading of that will also autonomous validation from It of customers Lastly, progress AFN. important and capacity important indicator is future strategic are an of CFO, program turn quarter. over and our technology it and production vehicle. in for the discuss I more will results our reservation detail our Thank to financial our Pat, to first you.
