Announced
Completed
Financials
Sources
Tags
China
autonomous vehicles
Auto Technology
Acquisition
Friendly
autonomous driving technologies
Domestic
Private
Completed
Single Bidder
Majority
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.