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…

China based autonomous driving startup WeRide valued at $3.3 billion in latest funding round

In a statement, WeRide, a China-based autonomous driving startup which is backed by Renault, Nissan, and Mitsubishi Motors  said, it has raised “hundreds of millions” of dollars in its latest funding round which valued it at $3.3 billion. Guangzhou, China headquartered WeRide however did not disclose details on the size of the funding. In a…

Nissan Motor trims presence in Europe focuses on US, Japan, China

On Friday, in a report Japanese news daily Yomiuri said, Nissan Motor plans on further cutting down its presence in the European car market; it plans on outsourcing the sales and manufacturing of its cars to Renault, its alliance partner. The move, part of its global turnaround plan, essentially reverses former chairman, Carlos Ghosn’s strategy…

Renaul-Nissan-Mitsubishi reboots alliance eyeing emerging electric vehicle market

Renault, Nissan and Mitsubishi plan on appointing a general secretary at the helm of their alliance in order to reboot the partnership and boost operations. Renault is in the process of repairing its relationship with its Japanese partners following allegations of financial misconduct its earlier chairman. “This alliance executive will be key for coordinating and…

Streamlining decision-making, focus of Renault-Nissan alliance: Jean-Dominique Senard

Japan’s Nissan and France’s Renault have agreed to strategically retool the alliance so as to put themselves on a more equal footing. In an interview to Le Figaro, Renault’s chairman Jean-Dominique Senard drew attention to the fact that Renault and Nissan must streamline decision-making; he also mentioned that boosting the companies’ cross-shareholding is not currently…

Renault offers trade-in for its German clients

Owners of Renault’s disel vehicles which meet the Euro-5 or older emission standards are eligible to receive credits for trade-in for newer, and cleaner models. On Tuesday, France’s Renault has become the first foreign company to play a positive role in Germany’s anti-pollution efforts. Renault stated, it has begun offering German-owners of its older diesel…