WeRide Receives $400M in Financing

On Wednesday, LatePost reported that autonomous driving technology company WeRide has recently obtained more than $400 million in a new round of financing, and its valuation after the investment totals $4.4 billion. The investors were existing shareholder GAC Group, as well as new shareholders Bosch, China Arab Investment Funds and Carlyle Group. China Arab Investment Funds also invested in the recent D-round financing of Pony.ai. Other investors of Pony.ai were Mubadala Investment Company and China Development Bank. In terms of valuations, Pony.ai and WeRide are the top two robotaxi automated driving companies in China.