Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

Chinese self-driving startup WeRide valued at 3.3 bln USD

May 14, 2021


Abstract : Chinese self-driving startup WeRide announced Thursday that it has closed a Series C round of funding, giving it a valuation of 3.3 billion U.S. dollars.

SHANGHAI, May 13 (Xinhua) -- Chinese self-driving startup WeRide announced Thursday that it has closed a Series C round of funding, giving it a valuation of 3.3 billion U.S. dollars.

The company did not disclose the exact amount of the latest funding, saying that it was in the hundreds of millions of U.S. dollars.

Investors in the round include IDG Capital, CoStone Capital, Cypress Star and K3 Ventures.

Tony Han, founder and CEO of WeRide, said the latest investment in autonomous driving came after the company began the trial operation of a self-driving Robotaxi service in the southern Chinese city of Guangzhou and further unveiled its self-driving Mini Robobus.

The startup will expand its team size, continue the research and development and commercialization innovation of autonomous driving technology, and launch large-scale autonomous driving services as soon as possible, Han said.

WeRide is currently conducting autonomous driving tests both in China and the United States. It is working on an upgraded version of its self-driving Robotaxi service and conducting the final verification tests for the launch of its self-driving Mini Robobus service. Enditem

Scan the QR code and push it to your mobile phone

Keyword: self-driving WeRide

Reading:

Foreign investors confident in Hainan's offshore duty-free industry on spurring consumption transformation and upgrading

China mulls rules on regulating car-data collection

Chinese automaker seeks broader cooperation in NEV industry

Investment, export drive China's economic recovery: UN economist

Xinhua Headlines: First CICPE concludes, injecting new vitality into global economic recovery

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial