Mitsubishi Motors logo

7211 - Mitsubishi Motors News Story

¥224 15.0  7.2%

Last Trade - 7:00am

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £2.24bn
Enterprise Value £2.93bn
Revenue £14.17bn
Position in Universe 325th / 3863

China's autonomous vehicle company WeRide starts driverless testing

Fri 10th July, 2020 2:08am
BEIJING, July 10 (Reuters) - WeRide, a Chinese autonomous
vehicle startup, said on Friday it has become the first
autonomous company to start fully driverless vehicle testing in
China, as the world's biggest auto market accelerates
development of autonomous technologies.
    Three-year-old WeRide, backed by Nissan  7201.T , Renault
 RENA.PA  and Mitsubishi  7211.T , said in a statement that it
started tests on Wednesday on open roads in a designated area of
Guangzhou after the southern Chinese city granted permission.
    In China, companies such as Toyota-backed  7203.T  Pony.ai,
Baidu Inc  BIDU.O , and Didi Chuxing are also testing autonomous
cars, but all with one or two safety staff onboard. The people
onboard take control in unexpected situations. 
    WeRide said it will use a remote centre to take control of
their vehicles if needed. 
    In the United States, Alphabet Inc  GOOGL.O  Waymo is
testing passenger vehicles without a safety driver. Nuro,
another startup, is allowed to test driverless delivery vehicles
on a small scale in California.  urn:newsml:reuters.com:*:nL4N2BV4IH
    WeRide is pursuing a level 4 autonomous standard, in which
the car can handle all aspects of driving in most circumstances
with no human intervention. It said its driverless testing fleet
comprises 10 Lincoln MKZ sedans.
    The company, led by former Baidu executive Tony Han, also
operates a fleet of more than 40 autonomous taxis and 60 test
cars.
    Automakers and tech companies including Waymo, Tesla Inc
 TSLA.O  and Uber Technologies  UBER.N  are investing billions
in the autonomous driving industry.
    But industry insiders have said it would take years for the
technology to mature and for the public to trust autonomous
vehicles.  urn:newsml:reuters.com:*:nL4N2EG18J   
    

 (Reporting by Yilei Sun and Brenda Goh. Editing by Gerry Doyle)
 ((Y.Sun@thomsonreuters.com; +86 10 66271262; Reuters Messaging:
y.sun.thomsonreuters.com@reuters.net))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.