China’s WeRide raises US$200 million from bus maker Yutong Group as autonomous driving race heats up

//China’s WeRide raises US$200 million from bus maker Yutong Group as autonomous driving race heats up

China’s WeRide raises US$200 million from bus maker Yutong Group as autonomous driving race heats up

Chinese autonomous driving start-up WeRide has raised US$200 million in Series B1 funding from China’s top commercial bus manufacturer, Yutong Group, as more traditional vehicle makers look to develop autonomous driving technologies and the industry expects more policy support from the government.“WeRide is now the only autonomous driving company to obtain strategic investment from leading automakers of both commercial vehicles and passenger vehicles,” the companies said in a joint press…

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By | 2020-12-23T03:14:42+00:00 December 23rd, 2020|Technology|Comments Off on China’s WeRide raises US$200 million from bus maker Yutong Group as autonomous driving race heats up