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Nissan-backed autonomous startup WeRide raises new funds, at $3.3 bln valuation

BEIJING, May 13 (Reuters) - WeRide, an autonomous driving startup backed by Nissan, Renault and Mitsubishi, said on Thursday that it has raised hundreds of millions of dollars valuing the company at $3.3 billion.

WeRide, which is testing vehicles in California, China’s southern city of Guangzhou and central city of Zhengzhou, did not disclose details on the size of the funding.

WeRide is pursuing a level 4 autonomous standard, in which the vehicle can handle all aspects of driving in most circumstances with no human intervention.

It raised $310 million in January.

Reporting by Yilei Sun and Tony Munroe; Editing by Jacqueline Wong

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