HONG KONG -- Chinese autonomous vehicle startup WeRide has raised $310 million from bus maker Zhengzhou Yutong Group and several state-backed investors as Beijing rolls out new guidelines for testing self-driving cars.
WeRide, backed by the alliance of Groupe Renault, Nissan Motor and Mitsubishi Motors, is among the front-runners in China's rapidly growing autonomous vehicle sector. The fresh investment announced Thursday will allow the 3-year-old startup to accelerate research and commercialization of autonomous technologies.
