MarketsChinese self-driving startup WeRide delays U.S. IPO
Delays come amid reports of tighter scrutiny over China's autonomous vehicle software
WeRide, a Chinese autonomous driving technology company, received the green light to test vehicles on some Californian roads. © Reuters
JACK STONE TRUITT, Nikkei staff writer
August 23, 2024 03:03 JST
NEW YORK - Self-driving startup WeRide postponed its plans for an initial public offering on the Nasdaq, which could have been the largest debut for a Chinese company in over three years, citing the need for time to complete documentation requirements.