WeRide receives large investment from Bosch

During WeRide's listing process, one of its major investors was the automotive parts giant Bosch. Bosch subscribed to 91% of the shares in this IPO, showing its strong confidence in WeRide. WeRide has currently developed autonomous driving technologies suitable for a variety of scenarios, including L4 driverless taxis, freight trucks, buses and sanitation vehicles, as well as L2 intelligent driving solutions. WeRide plans to apply these technologies to real-world environments through its autonomous driving technology platform WeRide One. The company has achieved revenue of RMB 1.218 billion in the past three and a half years, but its cumulative net losses have also reached RMB 5.1 billion.