WeRide Chosen Technology Supplier for New Pilot Project on Autonomous Driving in Switzerland

Project Overview - WeRide Inc is providing autonomous driving technology for a new pilot project in Switzerland funded by the Canton of Zurich and Swiss national railway SBB and managed by Swiss Transit Lab (STL) [1] - The project demonstrates WeRide's leading L4 autonomous driving technology and operational experience has been recognized by the international market [1] Project Details - During the test phase 2 autonomous cars with WeRide technology will be in service expanding to 4 cars when operations start in Q2 2025 [2] - Fully unmanned mode will operate for up to 5 years with the fleet expected to expand to 8 additional autonomous vehicles in 2026 and further expansion in future [2] - The first automated vehicles will operate in Switzerland's Furttal Region with residents able to book the autonomous vehicles via an app supplied by ioki [3] Strategic Importance - The launch of the Swiss public transportation service pilot project demonstrates WeRide's commitment to expanding autonomous driving solutions in Europe [3] - WeRide's solutions have proven excellent adaptability in various scenarios from large sports events to airport operations to public transportation services [3] - This is WeRide's third project in Europe within 8 months following the launch of Europe's first commercial autonomous minibus project at Zurich Airport and L4 autonomous shuttle services at the 2024 French Open in Paris [5] Market Context - In Switzerland trains serve as the main arteries connecting major cities and towns with Swiss residents taking the train about 70 times a year on average the highest rate in Europe [3] - However suburban areas face limited transportation options [3] - SBB Switzerland's state-owned railway company has a 3000-kilometer network while the Canton of Zurich is the second-largest investor in the project [4] - STL the project manager is dedicated to exploring and promoting innovative mobility solutions [4] Technology Validation - Selection of WeRide's technology reaffirms the versatility of the WeRide One autonomous driving technology platform and its adaptability to different products [5] - It signifies WeRide's technology products and services are meeting with great interest in Europe [5]