WeRide (WRD) said Wednesday it received the first batch of driverless road-testing licenses from the Nansha District in Guangzhou, China.
The approval allows WeRide to test its Robovan W5 on public roads without a safety driver. The vehicle is designed for urban freight, and the company plans to expand autonomous logistics operations.
Shares of WeRide were down 3.5% in recent trading.
Price: 6.47, Change: -0.24, Percent Change: -3.51
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