Chinese startup WeRide gets nod to test robotaxis with passengers in California

CnEVPost08-14

WeRide has 12 active vehicles and will operate in San Jose and nearby areas. (A vehicle with WeRide's logo displayed at the April 2024 Beijing auto show. Image credit: CnEVPost) Guangzhou-based ...

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Image credit: CnEVPost)\nGuangzhou-based ...</p>\n\n<a href=\"https://cnevpost.com/2024/08/14/weride-gets-nod-test-robotaxis-california/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IPO","symbol_name":"Renaissance IPO ETF","start_time":0,"source_url":"https://cnevpost.com/2024/08/14/weride-gets-nod-test-robotaxis-california/","article_id":"2459998261","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459998261","pubTimestamp":1723606564,"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"WeRide has 12 active vehicles and will operate in San Jose and nearby areas.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"IPO":"Renaissance IPO ETF"},"translate_title":"Chinese startup WeRide gets nod to test robotaxis with passengers in California","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPO":1},"content_text":"WeRide has 12 active vehicles and will operate in San Jose and nearby areas.\n(A vehicle with WeRide's logo displayed at the April 2024 Beijing auto show. Image credit: CnEVPost)\nGuangzhou-based Chinese self-driving startup WeRide has received permission from California utility regulator to test driverless cars carrying passengers, according to a Reuters report today.\nThe California Public Utilities Commission (CPUC) granted WeRide a three-year license earlier this month, allowing it to ferry passengers in test vehicles with and without drivers, according to the report.\nWeRide will not be allowed to offer rides to the general public or charge any fares, the report said.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\n\n  .subscription-container {\n    background-color: #f3f3f3;\n    width: 100%;\n    padding: 8px 0;\n    margin: 20px 0;\n  }\n  .subscription-content {\n    max-width: 100%;\n    margin: 0 auto;\n    padding: 0 20px;\n    text-align: center;\n    font-size: 16px;\n    line-height: 1;\n  }\n  .bold-text {\n    font-weight: bold;\n  }\n  .subscribe-button {\n    display: inline-block;\n    background-color: #191970;\n    color: white;\n    text-decoration: none;\n    padding: 6px 15px;\n    border-radius: 5px;\n    font-weight: bold;\n    transition: background-color 0.3s ease;\n    margin: 0 5px;\n  }\n  .subscribe-button:hover {\n    background-color: #483D8B; /* 深蓝色 */\n    color: white; /* 确保文字颜色保持白色 */\n  }\n\nWeRide has 12 active vehicles and will operate in San Jose and nearby areas, the report said, citing a statement from the CPUC.\nWeRide was founded in 2017, and the company's offerings include robotaxi, mini robobus, robovan, robo street sweeper, and SAE L2-L4's high-level smart driving solutions.\nThe company is now testing and operating autonomous driving in 30 cities in seven countries, and is the only company to have self-driving test licenses in four countries at the same time -- China, the US, the UAE, and Singapore, according to WeRide's website.\nThe California license comes at a time when WeRide is planning a US IPO.\nWeRide plans to list on the Nasdaq under the ticker symbol \"WRD,\" according to a prospectus made public earlier this month.\nWeRide plans to raise $440 million in its initial public offering (IPO) as well as in a concurrent private placement, with certain investors having agreed to purchase $320.5 million in class A ordinary share, according to its prospectus.\nThe company has completed 10 rounds of funding from investors including Nvidia, Bosch, and GAC Group.\nWeRide closed its last Series D + round in 2022, when it was valued at $5.1 billion.\nThe company plans to issue 6,452,000 American depositary shares (ADSs) in its US IPO, with each ADS representing three ordinary shares. Its IPO pricing range is between $15.50 and $18.50 per ADS.\nIn the first half of this year, WeRide realized revenue of RMB 150 million yuan (($21 million)) and a loss of RMB 881 million.\n($1 = RMB 7.1492)\nMercedes-Benz gets permit to conduct L4 autonomous driving tests in Beijing\n\n\n\nBecome A CnEVPost Member\nBecome a member of CnEVPost for an ad-free reading experience and support us in producing more quality content.\n\nBecome A Member\n\n\n        Already a member? Sign in here.\n        \n\n\nShare this post:XFacebookTelegramReddit\">RedditLinkedInPocketEmailWhatsAppPrintThreads CONTENT END 1","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459998261"}