China-based WeRide deepens tech partnership with Nissan Motor

On Wednesday, in a statement, China-based autonomous driving startup WeRide, said will deepen its autonomous driving technology partnership with Nissan Motor and aims to raise $310 million in a new funding round which chasing a valuation of $3.3 billion.

Guangzhou-headquartered WeRide, which is testing vehicles in California, did not disclose details on the size of the funding round.

In a statement WeRide said, investors for the funding round include Renault-Nissan-Mitsubishi, and China Structural Reform Fund.

“As China stands at the forefront of helping define the future of mobility, we are delighted to partner with WeRide to bring even more innovative technologies and services to enrich people’s lives in China,” said Ashwani Gupta, Nissan’s chief operating officer.

Technology firms and carmakers are sinking in billions of dollars in autonomous driving, in what many experts consider the future of mobility.

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