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Yutong-backed Zhengzhou Yutong Bus completed the $200m investment in WeRide.

Synopsis

Yutong-backed Zhengzhou Yutong Bus, a Chinese manufacturer of commercial vehicles, completed the $200m investment in WeRide, a startup developing autonomous driving capabilities. The investment would help develop autonomous minibuses, city buses and other commercial vehicles with Yutong. The deal comes as autonomous driving companies are expanding their product lineups.

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