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WeRide is without doubt one of the solely autonomous automobile firms listed on the Nasdaq presently. | Supply: WeRide
Guangzhou, China-based WeRide was formally listed on the Nasdaq World Choose Market at the moment underneath the ticker image “WRD.” The autonomous automobile, or AV, developer set its preliminary public providing worth at $15.5 per American depositary share, or ADS. This worth was on the decrease finish of the corporate’s focused vary.
“Seven years of perseverance have led to WeRide’s new journey at the moment,” said Tony Han, the founder and CEO of WeRide. “We’re deeply grateful to our buyers, shoppers, staff, and all our companions for his or her belief and assist.”
“Collectively, we have now achieved this essential milestone,” he mentioned. “For us, going public is a brand new starting, and WeRide will proceed to drive technological innovation, delivering secure, snug, and handy autonomous driving services to extra international locations and areas.”
Established in 2017, WeRide gives autonomous driving methods starting from SAE Degree 2 to Degree 4. The firm holds autonomous driving licenses in China, the UAE, Singapore, and the U.S. To this point, it has carried out analysis and growth, testing, and operations throughout 30 cities in seven international locations, with greater than 1,700 days of operation.
WeRide commercializes autonomous mobility
WeRide’s portfolio contains its Robotaxi, Robobus, Robovan, and Robosweeper, plus a sophisticated driver-assistance system (ADAS). It mentioned utility eventualities span sensible mobility, sensible logistics, and sensible sanitation.
The firm‘s debut product, its Robotaxi, gives L4 providers utilizing WeRide’s shared mobility community in addition to third-party shared mobility networks. It cited partnerships with world-class OEMs, together with GAC and Nissan, to design and manufacture these automobiles.
Its subsequent providing, the Robobus, is a totally driverless, L4 bus designed for mass transit in city settings. WeRide partnered with Yutong Group to provide the system. The Robobus has a high velocity of 40 kph (24.8 mph). As well as, WeRide mentioned it may deal with open roads in all climate situations.
The corporate launched Robovan in September 2021. It constructed this providing with JMC-Ford Motors for intra-city supply in city areas. To this point, WeRide has carried out street testing for this automobile, which it claimed can supply quite a lot of logistics services.
WeRide gives two variations of its Robosweeper, the smaller S1 and the bigger S6. These autonomous sanitation automobiles can sweep rubbish and mud from street surfaces. The corporate mentioned that with a single cost, it may cowl over 120,000 sq. m (1.2 million sq. ft.), autonomously dump rubbish, and park itself.
(From left to proper) WeRide’s Robovan, RoboBus, an ADAS-enabled automobile, S2 Robosweeper, robotaxi, and its S6 Robosweeper. | Supply: WeRide
AV firms proceed developments
WeRide isn’t the one AV firm to announce massive funding rounds at the moment. Waymo, the self-driving unit of Alphabet, raised $5.6 billion in Sequence C funding.
With this newest funding, Waymo mentioned it’ll proceed to welcome extra riders into its Waymo One robotaxi service in San Francisco, Phoenix, and Los Angeles, and in Austin and Atlanta by way of its expanded partnership with Uber.
Wanting forward, WeRide mentioned it stays dedicated to its mission, persevering with to advance its know-how, and striving to offer progressive merchandise and ervices that contribute to greener, low-carbon, and sustainable city residing.