WeRide Secures Exclusive Autonomous Logistics Testing Permit in Guangzhou

WeRide has become the first and only company authorized to road test its autonomous logistics vehicle, the Robovan W5, in Huangpu District, Guangzhou, marking a significant milestone in the commercialization of autonomous delivery solutions. The Robovan W5 is equipped with Level-4 autonomous driving technology, featuring modular cargo compartments, a 5.5 cubic meter cargo volume, a maximum payload of 1,000 kg, and a driving range of up to 220 km, tailored for high-frequency urban logistics. This approval follows an earlier permit for testing in Guangzhou's Nansha District and positions WeRide to lead in the rapidly growing global smart logistics market, projected to reach $784 billion by 2030. The recent strategic policy framework introduced by Guangzhou Development District and Huangpu District aims to accelerate intelligent connected and new energy vehicle development, supporting large-scale deployment of autonomous technologies. While this permit enhances WeRide's market potential, regulatory challenges and competition remain as factors that could influence its growth trajectory. Investors view this development positively, as reflected in a 2% rise in WeRide's stock price following the announcement.