Waymo has set up a Chinese subsidiary to test and design its self-driving cars, in the latest attempt by Google’s parent company Alphabet to expand in a country that blocks most Google services.
Waymo, which leads the world race in designing autonomous cars, has registered a Shanghai subsidiary called Huimo Business Consulting, according to China’s official company filing records.
The subsidiary — registered on May 22 with capital of Rmb3.5bn ($510m) — is wholly foreign-owned and lists Waymo as its sole shareholder. Huimo’s directors include John Krafcik, Waymo’s chief executive, and Gerard Dwyer, chief financial officer.
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