WeRide Zhixing listed on Nasdaq on October 25, raising $460 million with a first-day share price increase of 6.77%, giving a market cap of about $4.5 billion. GAC Group has invested in WeRide twice, supporting the launch of China’s first L4 autonomous taxi service. GAC is advancing its autonomous technology from L2 to L4, aiming to establish a next-generation intelligent mobility ecosystem in the Greater Bay Area within three years using its AI platform and electronic architecture.
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