Chinese autonomous driving startup WeRide bags $200 mn in funding


WeRide, a startup developing autonomous driving capabilities, has raised a $200 mn strategic round from Chinese bus maker Yutong.


After the funding round, WeRide will join hands with Yutong, a 57-year-old company, aiming to manufacture autonomous driving minibusses and city buses together. The partners have already jointly developed a front-loaded driverless minibus for mass-production.


Autonomous driving startups in China are racing to showcase their progress, in part to attract funding for their cash-bleeding businesses.

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