Chinese autonomous-driving firm WeRide seeks up to US$440 million in US IPO, placement

Quick Summary:

A group of investors agreed to buy US$320.5 million worth of WeRide’s ordinary shares via private placements.

Biden administration officials plan to propose limits on US sales of Chinese vehicle software as soon as this month, Bloomberg News reported on Tuesday.

The move would include curbs on the use and testing of Chinese technology for autonomous vehicles, people familiar with the matter have said.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong KongCayman IslandsChina

Topics: Company Filing Chinese Weride According Autonomous Technology China Million Offering Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 11:26:48 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22003080

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