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China autonomous driving firm WeRide valued at $3.3 billion after funding

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A fleet of WeRide robotaxis are pictured. The company has been testing its robotaxis in the southern Chinese city of Guangzhou since 2019.

WeRide

GUANGZHOU, China — Autonomous driving company WeRide has raised new funds valuing the company at $3.3 billion dollars.

The Nissan-backed start-up did not disclose the sum raised but said it totaled “hundreds of millions” of dollars from venture capital investors including IDG Capital and Sky9 Capital. A number of other backers and existing investors participated in the round.

Tony Han, CEO of WeRide said in a statement that the new funding would be used for research and development, and commercialization “with the aim of delivering large-scale…



Source cnbc.com

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