WeRide CEO says companies should strive for better safety records and not low prices

Fortune

"We should strive for better experience for safety record, not for the low price." WeRide founder and CEO Tony Han defended the $40,000 price tag for building an autonomous vehicle at the Fortune Global Forum.

Transcript

00:00The cost for us to build an autonomous driving vehicle is a little bit above like $40,000 US dollar.

00:07$40,000 US.

00:08Yeah, think about $40,000 US dollar you can, you know.

00:12I got a Tesla Model X, it's much more expensive than, you know, in the US, much more expensive than $40,000.

00:18So, you know, leverage on the strong, very strong supply chain of electrical vehicles in China, right,

00:25you can get a lot of things, you know, very cost-effective price.

00:29And so that's the price.

00:31And the point I want to make is for technology, our product,

00:37we just come and can give us very good experience.

00:41We should strive for better experience, for safety record, not for the low price.

00:46I got enough with this kind of lower price and flooding to the market.

00:50That's not good to anybody.

00:53But don't always try to win the competition by lowering your price.

00:56I don't think that's a wise movement.

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