Tag: Greater Bay Area
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GAC Group | WeRide Zhixing Listed on NASDAQ, GAC’s Autonomous Driving Advances Further
On October 25, autonomous driving company WeRide was listed on NASDAQ, raising approximately $460 million. GAC, which invested in WeRide twice, has collaborated to develop L4-level robotaxis. GAC plans further advancements in autonomous driving, smart driving technology, robotaxis, and flying cars, with a goal to establish an integrated smart mobility model in the Guangdong-Hong Kong-Macao…
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GAC Group | Horizon IPO Boosts GAC’s Strategic Advances in Autonomous Driving Technology
On October 24, Horizon, backed by GAC Group, listed on the HKEX, achieving a first-day valuation of over HK$50 billion. GAC focuses on building an L4 autonomous travel ecosystem, partnering with tech firms like Horizon and WeRide, and expanding platforms like Ruqi Travel. GAC aims to advance its AI chip and autonomous driving technology while…
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GAC Group | WeRide Zhixing Listed on Nasdaq, Expanding Autonomous Driving Layout
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…