.
MergerLinks Header Logo

New Deal


Announced

Completed

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

Financials

Edit Data
Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

China

autonomous vehicles

Auto Technology

Acquisition

Friendly

autonomous driving technologies

Domestic

Private

Completed

Single Bidder

Majority

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US