People walk past a WeRide autonomous driving robobus near its office in Guangzhou, Guangdong province, China May 11, 2021. Picture taken May 11, 2021. REUTERS/Yilei Sun
BEIJING: WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor on autonomous driving technology for the China market as it raised US$310mil (RM1.29bil) at a US$3.3bil (RM13.74bil) valuation.
WeRide, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous standard, in which the vehicle can handle all aspects of driving in most circumstances with no human intervention.
