Saturday, 18 January 2025

Focus on WeRide

FILE PHOTO: A safety driver monitors a Lexus vehicle equipped with Pony.ai's autonomous driving system as the car drives on a road during a test event, in Beijing, China May 13, 2021. REUTERS/Tingshu Wang/File Photo
AutomotiveBusinessElectric Vehicles (EVs)News

Beijing unveils plans to boost driverless vehicle use in capital

Beijing will allow driverless buses and taxis from April 1, promoting autonomous vehicles and smart infrastructure.

General Motors' Cruise unveils wheelchair-accessible robotaxi at an event in San Francisco, California, U.S., September 14, 2023. REUTERS/Abhirup Roy/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

GM’s Cruise exit turns focus on challenges of scaling robotaxis

GM's exit of Cruise robotaxis shows the costly, long-term challenge of perfecting self-driving tech.

A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China.
AviationBusinessElectric Vehicles (EVs)News

Pony AI fetches $5.25 billion valuation as shares jump 15% in Nasdaq debut

Pony AI announced raising $260M in its U.S. IPO, valuing the China-based robotaxi firm at about $4.55B.

FILE PHOTO: A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China May 13, 2021. REUTERS/Tingshu Wang/File Photo
BusinessElectric Vehicles (EVs)NewsRegulations

Chinese robotaxi firm Pony AI seeks up to $4.5 billion valuation in US IPO

Pony AI said on Thursday it was targeting a valuation of up to $4.48 billion in its initial public offering in the US.

FILE PHOTO: Lyft logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
AutomotiveAviationBusinessElectric Vehicles (EVs)NewsTransport

Lyft inks deals with Mobileye, others to bring robotaxis to ridehail platform

Lyft partners with Mobileye, May Mobility, and Nexar to advance self-driving taxis and compete with Uber in the robotaxi market.

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.

FILE PHOTO: A WeRide autonomous taxi is seen in Guangzhou, Guangdong province, China May 15, 2020. Picture taken May 15, 2020. REUTERS/Yilei Sun/File Photo
BusinessElectric Vehicles (EVs)NewsRegulations

Chinese self-driving startup WeRide files for $440 million U.S. IPO

Chinese self-driving startup WeRide has filed for a $119.4M IPO on Nasdaq and a $320.5M private placement, aiming for a $5B valuation.

The Uber logo is shown on the building in Los Angeles, California, U.S., February 14, 2024.  REUTERS/Mike Blake/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPublic TransitTransport

Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE

Uber Technologies and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm’s vehicles to the rideshare platform, starting in...

A Waymo self-driving vehicle moves through an intersection in Chandler Arizona, U.S., December 2, 2017.  REUTERS/Natalie Behring/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPublic TransitTransport

Alphabet’s Waymo robotaxi unit doubles its paid rides in three months

Robotaxi firm Waymo registers 100,000 paid rides per week after expanding into new areas with 700 total vehicles.

FILE  PHOTO: A screen illustrating the route of a WeRide autonomous vehicle is seen in Guangzhou, Guangdong province, China May 15, 2020. Picture taken May 15, 2020. REUTERS/Yilei Sun/File Photo
AutomotiveBusinessNewsRegulationsTransport

California allows Chinese robotaxi firm WeRide to test with passengers

Driverless taxi company WeRide approved for testing in California despite looming US ban on Chinese-developed systems.

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