WeRide gains California approval to test driverless vehicles with passengers
California grants WeRide permit to test driverless cars, aims for $5bn IPO
China-based autonomous driving startup WeRide has secured approval from California to test its driverless vehicles with passengers. The state’s utility regulator issued the permit, which allows testing with and without drivers. This development aligns with the company’s plans to seek a valuation of up to $5 billion from its New York IPO, even amidst impending U.S. restrictions on vehicles with China-developed systems.
The California Public Utilities Commission granted the three-year permit earlier this month. WeRide can now transport passengers in test vehicles but cannot offer rides to the general public or charge fares. The company, operating 12 active vehicles, will conduct its tests in San Jose and nearby areas, according to a CPUC statement.
Commercializing robotaxis in the U.S. has proven difficult due to regulatory challenges, resistance from city agencies, and public concerns. Alphabet’s Waymo, with around 700 vehicles, remains the sole U.S. firm operating fare-collecting, uncrewed robotaxis. General Motors’ Cruise resumed testing with safety drivers in April after an incident involving a pedestrian last year.
WeRide has received approval to test its driverless robotaxis with passengers in California, a key step as the company gears up for a potential $5 billion IPO. #AutonomousVehicles #WeRide pic.twitter.com/1jhomQrAEm
— WNO (@WNO_Headlines) August 14, 2024
Founded in 2017, Company first received permits to test its vehicles without passengers in California in 2021. The company also develops autonomous vans, buses, and street sweepers and holds driverless permits in Singapore and the United Arab Emirates. Company has not yet responded to requests for further information.
Frequently Asked Questions
Here are some common questions asked about this news
What recent approval did WeRide receive in California?
Company received approval to test driverless vehicles with passengers from the California Public Utilities Commission.
Can WeRide charge fares for its test rides in California?
No, Company cannot charge any fares or offer rides to the general public.
Where will WeRide operate its test vehicles in California?
WeRide will operate in San Jose and nearby areas.
When did WeRide first receive permits to test vehicles without passengers in California?
WeRide first received permits to test vehicles without passengers in 2021.
Which other countries have granted WeRide driverless permits?
WeRide has driverless permits in Singapore and the United Arab Emirates.
