China’s Yutong invests US$200m in WeRide | Automotive Industry News

Chinese technologies corporation WeRide past 7 days mentioned it has lifted US$200m in its B1-collection fundraising from local bus-maker Yutong Group, in accordance to local reviews.

WeRide is 1 of China’s leading autonomous driving technologies corporations and Yutong’s strategic financial commitment is the premier by any car manufacturer so much.

Yutong is looking to bolster its partnership with WeRide in anticipation of foreseeable future desire for autonomous general public transport vehicles in the place.The two corporations have now worked jointly on the development of the driverless mini “Robobus”, a entrance-loading car with no steering wheel, accelerator or brakes.

The two corporations are looking to use L4 systems to minibuses and metropolis buses and prepare to investigate opportunities to commercialise absolutely driverless vehicles.

WeRide’s CEO and co-founder Tony Han mentioned in a assertion “this new spherical of funding has presented a solid impetus for our innovations, and much more importantly, secured us a further vital strategic trader”.

He included: “with Yutong Group we will engage in substantial cooperation in multiple vital locations, these as research and development, car platforms and mobility providers. We will leverage just about every other’s strengths to develop a manufacturer new city mobility and transportation system”.