Announced
Completed
Financials
Sources
Tags
technology solutions
Completed
Acquisition
Single Bidder
Private
Majority
China
IT Services: Other
Domestic
Friendly
Synopsis
WeRide, an autonomous driving company, completed the acquisition of MoonX.AI, an autonomous trucking startup. Financial terms were not disclosed. “We are excited to welcome MoonX.AI to join the WeRide family. Dr. Yang and his highly accomplished team have best-in-class technological expertise, as well as operational know-how in the commercial application of driverless technology. With our shared vision and belief in autonomous driving and the continued expansion of our engineering team, WeRide is committed to accelerating the commercialization of driverless technology and leading the industry to achieve further innovations and breakthroughs," Tony Han, WeRide Founder and CEO.
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