Autonomous driving unicorn WeRide files for US IPO amid expansion plans in China, overseas

Quick Summary:

WeRide is seeking to go public on the Nasdaq stock market, as it conducts trials and commercial operations in 30 cities across seven countries.

Company founder and chief executive Tony Han previously served as chief scientist at Baidu’s autonomous driving unit.

Apart from WeRide, autonomous driving unicorns Pony.ai and Momenta have also received the go-ahead from China’s securities regulator to pursue a US listing.

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Article Details

Author / Journalist: Ann Cao

Category: Business

Markets: Hong KongCayman IslandsChinaSingaporeUnited Arab EmiratesUnited States

Topics: Listing Driving Billion Chinese Mainland Didi Weride United Autonomous Company China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-28 @ 17:40:33 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 599 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21804622

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