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Investing.com -- WeRide Corp ADR (NASDAQ:WRD) stock rose 2% after the autonomous driving technology company announced it has received authorization to road test its autonomous logistics vehicles in Huangpu, Guangzhou.
The permit for WeRide’s Robovan W5 marks the company’s second active road testing authorization, following an earlier approval in Guangzhou’s Nansha District in April. This makes WeRide the first and only company to secure such permission in the Huangpu district.
The development comes less than a month after Guangzhou Development District and Huangpu District introduced a strategic policy framework to accelerate the development of intelligent connected and new energy vehicles. The framework includes plans to support large-scale deployment of autonomous technologies across multiple sectors.
WeRide’s Robovan W5 is designed for high-frequency urban logistics with a cargo volume of 5.5m³, maximum payload of 1,000kg, and driving range of up to 220km. The vehicle features Level-4 autonomous driving technology and a proprietary redundant sensor suite that provides 360-degree awareness in various conditions.
The global smart logistics sector is projected to exceed $100 billion over the next three years and reach an estimated $784 billion by 2030, positioning WeRide to capitalize on this growing market as it advances toward large-scale commercialization of autonomous delivery solutions.
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