WeRide, an autonomous driving startup backed by Nissan (7201.T), Renault (RENA.PA) and Mitsubishi (7211.T), said on Thursday that it has raised hundreds of millions of dollars valuing the company at $3.3 billion.
WeRide, which is testing vehicles in California, China’s southern city of Guangzhou and central city of Zhengzhou, did not disclose details on the size of the funding.
WeRide is pursuing a level 4 autonomous standard, in which the vehicle can handle all aspects of driving in most circumstances with no human intervention.
It raised $310 million in January. read more
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