WeRide explained

WeRide Inc.
Type:Public
Traded As:NASDAQ:
Industry:Autonomous vehicles
Founder:Tony Han
Hq Location City:Guangzhou
Hq Location Country:China
Key People:Tony Han (CEO), Yan Li (CTO)

WeRide Inc. is an international autonomous driving technology company. It holds driverless permits in China, the US, the UAE and Singapore.[1] [2] [3]

History

WeRide was established in Silicon Valley in 2017, by Tony Han who was the former Chief Scientist of Baidu's Autonomous Driving Unit. It currently has offices in San Jose, Abu Dhabi, Singapore, Guangzhou, Beijing, Shanghai and Shenzhen.[1] As of 2022 it had over 1,200 employees.[3]

In November 2020, WeRide announced that a total of 147,128 trips were completed for more than 60,000 passengers during its first year of Robotaxi service.[4] In January 2021, WeRide unveiled the Mini Robobus.[5]

In April 2021, WeRide obtained a driverless test permit in California.[6] In September 2021, WeRide created a self driving cargo van, entitled the WeRide Robovan.[7] In December 2021, WeRide completed autonomous taxi trial on Yas Island in UAE, by partnering with Bayanat.[8]

In January 2023, WeRide launched a new generation of autonomous driving sensor suite, WeRide Sensor Suite 5.1, at the 2023 International Consumer Electronics Show (CES).[9]

In October 2024, WeRide and Uber announced a strategic partnership to bring WeRide’s autonomous vehicles to the Uber platform, starting in the UAE. The service will first launch in Abu Dhabi, with select WeRide vehicles available via the Uber app. WeRide already operates a robotaxi fleet in the UAE.[10] Also in October 2024, WeRide filed for an initial public offering on Nasdaq, which was valued up to $439.9 million.[11]

Notes and References

  1. Web site: China's robotaxis charged ahead in 2021 . TechCrunch . 1 April 2022.
  2. Web site: WeRide Gets China's First Permit to Test Fully Autonomous Vehicles . 2023-02-02 . Yicai Global . en.
  3. Web site: WeRide and its "triangle": striving in the autonomous driving battlefield . Gasgoo . 1 April 2022.
  4. Web site: China Publishes First Robotaxi Passenger Survey Report . 2023-02-02 . That's Online . en.
  5. Web site: WeRide Aims to Provide Paid Driverless Minibus Service in 2021 - Caixin Global . 2023-02-02 . Caixin Global . en.
  6. Web site: DMV Authorizes WeRide to Test Driverless Vehicles in San Jose . 2023-02-02 . California DMV . en-US.
  7. WeRide . WeRide unveils China's first Level 4 self-driving cargo van, WeRide Robovan in cooperation with Jiangling Motors and ZTO Express for smart urban logistics . 2023-02-02 . PR Newswire . en.
  8. Web site: DUAE completes groundbreaking autonomous taxi trial . Critical Communications Today . 1 April 2022.
  9. Web site: CES 2023: WeRide launches ‘WeRide SS 5.1’ new autonomous driving sensor suite - Automotive Technology Insight Forecasts Industry News Supply Chain . 2024-02-23 . autotechinsight.ihsmarkit.com.
  10. https://www.prnewswire.com/ae/news-releases/weride-and-uber-partner-to-bring-autonomous-vehicles-to-the-uber-platform-beginning-in-the-united-arab-emirates-302258701.html
  11. News: Chinese self-driving startup WeRide files for $440 mln U.S. IPO . 24 October 2024 . Reuters . 24 October 2024.