China's WeRide receives strategic investment from GAC Group for robotaxis

SHANGHAI - WeRide, a China-based autonomous driving startup, said on Tuesday that it had received a strategic investment from Guangzhou Automobile Group which will deepen their partnership that is focused on developing and making roboaxis.

It did not disclose the size of the investment. The two plan to build a fleet of tens of thousands of robotaxis in the coming years, WeRide said in a statement.

WeRide is also backed by Nissan Motor. Last month, WeRide said it planned to make its robotaxis available for booking by the public on GAC Group's Ontime ride-hailing app by next year.