|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.65 - 9.93|
|52-week range||6.77 - 12.74|
|Beta (5Y monthly)||1.65|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||26 Sept 2019|
|1y target est||13.03|
BEIJING (Reuters) -WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation. WeRide, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous standard, in which the vehicle can handle all aspects of driving in most circumstances with no human intervention. WeRide, which is testing vehicles in California, its headquarters in China's southern city of Guangzhou and the central city of Zhengzhou, did not disclose details on the size of the funding.
Japan's Nissan Motor Co will adjust production at several factories next month due to the global chip shortage, three sources with direct knowledge of the plan told Reuters on Tuesday. Japan's third-largest automaker will halt production at a factory in Tochigi, eastern Japan, for a total of three days in July, the sources said, declining to be identified because the plan is not public. It will idle its plant in Kyushu, southern Japan for two days next month, they said, adding that the factory will cancel the night shift as well.
Nissan Motor Co's financial performance in April and May was better than expected, the automaker's president said at the annual general meeting (AGM) on Tuesday. "But we already see signs of recovery," said Nissan's Chief Executive Officer Uchida. "Thanks to the strong results of our ongoing efforts over the past year, Nissan's performance for April and May is better than our plan."