WeRide Inc (WRD) Secured the First Driverless Logistics Vehicle Test Permit Huangpu District

WeRide Inc. (NASDAQ:WRD) is one of the 11 Hot New Stocks to Invest in Now. On July 2, WeRide Inc. (NASDAQ:WRD) announced securing the first driverless logistics vehicle Test permit in Guangzhou’s Huangpu district. The company received this approval for its Robovan W5 vehicle.

The Robovan W5 had already received permission to test in another part of Guangzhou, the Nansha District, in April. Earlier in June, Guangzhou’s Development and Huangpu Districts launched a new policy to boost intelligent connected and new energy vehicles. This policy supports the use of autonomous technology in various sectors, including ride-hailing, sanitation, and smart logistics. Soon after, WeRide Inc. (NASDAQ:WRD) received the green light to conduct full-area testing of the Robovan W5 in Huangpu.

WeRide Inc. (NASDAQ:WRD) is an international company that develops and operates autonomous driving technologies. It offers a range of self-driving products, including Robotaxi, Robobus, Robovan, and Robosweepers.

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Disclosure: None. This article is originally published at Insider Monkey.