LubberJML
Oct 20, 3:51 PM
$WRD it is important to know the partners of WeRide.
Sunway is one of Malaysia’s largest conglomerates, with a market cap of
$5.75B USD.
They use a "Build-Own-Operate" business model across 13 diverse business divisions.
Three of the newest divisions are those exp0lained i nthe attached article involving WeRide.
Sunway is mandating all new project builds are green-certified and targeting a 45% reduction in carbon emissions by 2030. That means a lot of AV that are EV by WeRide after the pilot.
WeRide will serve as the core technical engine for Sunway's transition into smart cities and Next-Gen Urban Mobility. This could mean taxis and sweeps later on in addition to the buses for the trial.
In short it helps solidify scaling and the profitability schedule Weride have us in Q2.
Can't wait for news from Weride on this development.
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