Mexican Media Brands
Renault-Nissan-Mitsubishi Invests in Chinese Autonomous Tech Startup
The Renault-Nissan-Mitsubishi alliance is making an unspecified investment in WeRide.ai, a Chinese startup company specializing in autonomous vehicle technology.
Share
The Renault-Nissan-Mitsubishi alliance is making an unspecified investment in WeRide.ai, a Chinese startup company specializing in autonomous vehicle technology.
The outlay, which was made through the partnership’s new Alliance Venture mobility tech fund, makes it WeRide’s lead investor in the startup’s first round of financing. Pre-A round investors include several venture capital firms.
Guangzhou-based WeRide (formerly JingChi.ai) was formed in early 2017 by CEO Tony Han, who previously was the chief scientist of Baidu Inc.’s autonomous driving unit. Other WeRide executives have experience at Cisco, Google, Microsoft, Siemens, UCAR and Velodyne.
With the new funding, WeRide plans to deploy a test fleet of 500 Level 4 autonomous vehicles next year in Guangzhou and Anqing. The company says it has accumulated more than 60,000 km (37,000 miles) of data from earlier trials.
WeRide has more than 200 employees worldwide, of whom 70% are engineers. The company aims to commercialize its Level 4 technology—supported by 5G communications—in vehicles early next decade.
RELATED CONTENT
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
