PARIS, France — June 3, 2025 — WeRide, a global leader in autonomous driving technology, is partnering with Renault Group, a premium partner of Roland-Garros, for the second consecutive year, to provide a Level-4 autonomous minibus shuttle service during the 2025 Grand Slam tournament on the iconic clay courts.
March 11, 2025 – Barcelona – WeRide (Nasdaq: WRD), a global leader in autonomous driving, and Renault Group will offer a free autonomous Robobus trial service in the center of Barcelona from March 10th to 14th, aiming to showcase the maturity and potential of automated transport technologies for the first time in a dense and complex urban environment. The demonstration highlights the technological leadership in autonomous driving solutions that WeRide and Renault are bringing to enable agile, flexible, modern, eco-friendly, and affordable mobility, especially for European cities aspiring to carbon neutrality and Low Emission Zones.
Tekion CEO Jay Vijayan talks about the digital retail company’s busy year and its partnership with Hyundai. Infiniti lets some U.S. retailers combine with Nissan. Plus, Subaru once again tops Consumer Reports’ brand ranking.
enjoyelec, Nissan (China), and iVision have formed a partnership to advance energy management solutions in China. By combining their expertise in distributed energy management, renewable energy technologies, and digital innovation, the partnership seeks to accelerate the shift to clean energy, specifically in the industrial and commercial sectors.
New York, 25th Oct, 2024 – WeRide, the leading global commercial-stage company, was officially listed on the Nasdaq Global Select Market under the ticker symbol “WRD.” Upon listing, WeRide became the world’s first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. The initial public offering price was set at $15.5 per American depositary share (ADS). If the underwriters fully exercise the granted option, the Company will issue a total of 8,903,760 ADSs. The total proceeds from the public offering, combined with $320 million concurrent private placement, are expected to amount to $458.5 million, assuming the underwriters of the initial public offering fully exercise their option.
Paris, 26th May 2024 – Renault, premium partner of Roland-Garros, and French Tennis Federation (FTT), together with WeRide, a globally leading autonomous driving technology company, provide a L4 driverless minibus shuttle service for this Grand Slam tennis tournament held on the red clay.
This milestone highlights WeRide’s global leadership in autonomous driving with its strong technological foundation, and extensive operational experience, further gaining trust and recognition in the international market.
The Alliance announced the strengthening of a long cooperation, with a new long-term vision for India, increasing production and R&D activities, and transitioning to carbon-neutral manufacturing.
The partnership in India will bring a new line-up of vehicles to the market, and it is a major opportunity to boost the local economy and promote responsible business practices.
November 8, 2023, Boulogne-Billancourt (France) – Following the announcements made on February 6, 2023, and July 26, 2023, and after having obtained all required regulatory approvals, the New Alliance Agreement between Renault Group and Nissan comes today into force and replaces the former agreements governing the Alliance (namely, the Restated Alliance Master Agreement, the Alliance Equity Participation Agreement and the Memorandum of Understanding of March 12, 2019).
As a result, Renault Group and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations.
Each of the partners is able to exercise the 15% voting rights attached to its own shareholding. The voting rights of Renault Group and Nissan are capped at 15% of the exercisable voting rights, and both companies are able to freely exercise their voting rights within such limit.
Renault has transferred 28.4% (out of 43.4%) of Nissan shares into a French trust, where the entrusted shares will be voted neutrally, subject to limited exceptions. Renault Group continues to fully benefit from the economic rights (dividends and proceeds of share sales) from the entrusted Nissan shares until such shares are sold. From now, Renault Group may instruct the trustee to sell the entrusted Nissan shares, but it has no obligation to do so within a specific pre-determined period of time. Renault Group has all flexibility to sell the Nissan shares held in the trust, within a coordinated and orderly process with Nissan, in which Nissan or a designated third party benefits from a right of first offer.
No impairment will be recorded in Renault Group’s financial statements as a result of the transfer by Renault Group of Nissan shares into the trust.
This next chapter of the Alliance will build on the foundations of the long-standing partnership and will maximize value creation for each Alliance member and lays the foundations for a new balanced, fair, and effective governance. The Alliance will continue to identify key projects across markets that aim to deliver win-win, large-scale and actionable benefits.
Jean-Dominique Senard, Chairman of the Alliance, said: “We are delighted to announce today the effectiveness of the New Alliance agreement signed on at the end of July 2023. This is a very important step for Renault Group, Nissan and Mitsubishi Motors, and lays the foundations for a new fair, long-standing and effective partnership that will create value for each Alliance member and for all our stakeholders.”
Makoto Uchida, President and CEO, Nissan Motor Co. Ltd., said: “Based on this equal footing, Nissan will continue to harness our core competencies and be more agile to explore further growth opportunities that support our business strategy, especially through initiatives aligned to Nissan’s Ambition 2030 and electrification strategy, while continuing to generate greater value for the wider Alliance. We are convinced of the future prospects that will flow from our rebalanced partnership with Renault Group.”
Luca de Meo, CEO of Renault Group, said: “We are now effectively entering this new era of the Alliance with a pragmatic and business-oriented approach. Our joint projects in Europe, Latin America and India will strengthen our partnership and generate hundreds of millions of euros in value for each partner while being mutually beneficial in the field of innovation. We are also very proud to welcome Nissan and Mitsubishi Motors as strong partners in Ampere, our EV and software business, confirming the attractiveness of our assets. Finally, Renault Group will benefit from additional flexibility in its capital allocation policy with the potential monetization of Nissan shares.”