China Wheelide Deepens Alliance with Nissan for Autonomous Driving Technology Development

Chinese self-driving startup Wheelide announced plans to deepen its partnership with Nissan Motor Co., Ltd. regarding the development of self-driving technology for the Chinese market. The photo is a self-driving bus of Wheelide. Taken in May in Guangzhou (2021 Reuters / Yilei Sun)

[Reuters Source] –Chinese autonomous driving startup Weeride announced on the 23rd that it plans to deepen its partnership with Nissan Motor Co., Ltd. regarding the development of autonomous driving technology for the Chinese market.

It also revealed that it has secured $ 310 million by raising funds with a corporate value of $ 3.3 billion.

The company is conducting public road tests on self-driving cars in California, USA, and in Guangzhou and Zhengzhou, China, where it is headquartered. We are aiming for “Level 4”, which enables fully automated driving under most circumstances.

According to Wheelide, the investors in this round of financing included a coalition of three companies, Nissan, Renault and Mitsubishi Motors, and the China State-owned Enterprise Structural Adjustment Fund.

“China is at the forefront of the future-defining movement of mobility, providing more innovative technologies and services that enrich the lives of Chinese people,” said Ashwani Gupta, Chief Operating Officer of Nissan. I am honored to be able to collaborate with Wheelide. “

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