China based startup autonomous driving company WeRide says that it’s in the process to commence developing autonomous vans for urban logistic services in partnership with delivery company ZTO Express (HK: 2057) and auto manufacturer JMC (SZ: 000550).
WeRide focuses on what is known as ‘level 4 autonomous standard’ in the autonomous vehicle industry. At this level, the vehicle can handle all aspects of driving in almost all circumstances without the need of intervention of a human driver.
In a statement, the company said it will jointly develop self-driving vans with JMC and ZTO. A pilot test is slated to take place around the airport in Guangzhou city. United States automaker Ford Motor Co. (F) has some stake in JMC.
Auto manufactures around the world are considering self-driving as the future of the mobility industry hence they are pumping investments worth billions of dollars aiming to have an upper hand in autonomous driving.
WeRide is backed by leading Japanese auto manufacturer Nissan Motor Co. (TYO: 7201).