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People walk past a WeRide autonomous driving robobus near its office in Guangzhou, Guangdong province, China May 11, 2021. REUTERS/Yilei Sun/ File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

China’s WeRide raises $440.5 million through US IPO, placement

Self-driving firm WeRide reached a $4.21B valuation after raising $120M in its U.S. IPO, benefiting from eased regulations.

By Manya Saini, Niket Nishant and Jahnavi Nidumolu25 Oct 2024Reuters

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A view shows the Canoo logo on a Canoo LV (Lifestyle Vehicle) electric vehicle outside a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. REUTERS/Rebecca Cook/File Photo
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AnalysisCritical MineralsEconomyEfficiencyElectric Vehicles (EVs)ElectricityHydropowerIndustryInfrastructureManufacturingSolarStorageTransmissionUtilitiesWind

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