Autonomous Vehicles

Wolfpack Research’s short position on the Guangzhou-based passenger drone firm is the latest fraud accusation against a US-listed Chinese company.

The takeover of YY Live has been “substantially completed.”

Meanwhile, WeRide has been granted the first ever ride-hailing license for an autonomous driving company.

The firm was granted a permit by Beijing and Changsha last year.

Drivehub saw a 50% growth in sales compared to the same period last year, even though the firm experienced a 90% loss in April 2020.

The city says it hasn’t issued an appropriate license yet.

Shares have more than doubled in the past 6 months.

Autonomous trailers co-developed by the company have been running on airports in China.