WeRide Inc. Stock Price, News & Analysis

WeRide (Nasdaq: WRD) has announced its expansion into Saudi Arabia, launching testing and deployment of Robotaxis and autonomous driving products in Riyadh and AlUla. The company plans to begin Robotaxi trial operations on Uber in the coming months, with full commercial services expected in late 2025.

WeRide's deployment includes Robobus operations at key locations like King Fahad Medical City and Aramco residential communities, and the Robosweeper S1 at King Fahad Medical City - the first monetized autonomous sanitation project in the Middle East. This expansion aligns with Saudi Arabia's Vision 2030 goals and supports its growing tourism sector, projected to reach $110.1 billion by 2033.

The company is also expanding its presence across the Middle East, with recent launches in Abu Dhabi and Dubai, while planning to extend Robotaxi services to 15 additional cities globally through its partnership with Uber.

WeRide Inc. (Nasdaq: WRD) has announced a significant share repurchase program of up to US$100 million of its Class A ordinary shares, to be executed over the next 12 months. The program, authorized by the company's board of directors, allows for repurchases through various means including open market transactions, private negotiations, and block trades.

CFO Jennifer Li emphasized that this initiative reflects the company's confidence in its business fundamentals, financial health, and long-term outlook. The repurchases will be funded from WeRide's existing cash balance, with the board maintaining flexibility to modify, suspend, or terminate the program based on market conditions.

WeRide (NASDAQ: WRD) has expanded its strategic partnership with Tencent Cloud to accelerate Robotaxi commercialization and global expansion. The collaboration will integrate WeRide's Robotaxi services into Tencent's platforms including WeChat and Tencent Maps, while leveraging Tencent Cloud's global infrastructure for international market deployment.

The partnership focuses on developing Level-4 autonomous Robotaxis and building cloud platforms for autonomous driving technologies. This builds upon their initial April 2024 agreement, which has already demonstrated success through WeRide and Bosch's rapid 18-month development of a driver assistance solution.

WeRide (NASDAQ: WRD) has launched fully driverless Robotaxi trial operations in Abu Dhabi, marking the first such deployment in the Middle East. The company is expanding its service coverage to Al Maryah Island and Al Reem Island, adding to its existing network serving Yas Island, Saadiyat Island, and Zayed International Airport routes since 2021.

WeRide holds the UAE's first national license for self-driving vehicles and partnered with Uber in December 2024 to launch the largest commercial Robotaxi service outside the US and China. The company plans to introduce commercial driverless rides progressively from summer 2025, pending regulatory approval.

WeRide (WRD) has launched China's first 24-hour autonomous Robotaxi network in central Guangzhou, operating eight routes covering major landmarks and transportation hubs. The service, accessible through the WeRide Go app, connects key locations including Canton Tower, Guangzhou Baiyun International Airport, and Guangzhou South Railway Station.

WeRide has demonstrated strong operational credentials with over 2,000 days of public operations and zero safety incidents. The company has expanded its Robotaxi services to eight cities across China, UAE, and Switzerland. In September 2024, WeRide partnered with Uber to deploy Robotaxis in Abu Dhabi and Dubai, with plans to expand to 15 more cities globally over the next five years.

WeRide Inc. (Nasdaq: WRD), a global leader in autonomous driving technology, has scheduled the release of its first quarter 2025 financial results for May 21, 2025, before the U.S. market opens. The company will host an earnings conference call at 7:00 AM U.S. Eastern Time (7:00 PM Beijing Time) on the same day.

Participants must register in advance through the provided link to receive dial-in numbers and a unique access PIN. The conference call will be available via live and archived webcast on WeRide's investor relations website at ir.weride.ai.

Uber (UBER) and WeRide (WRD) have announced a major expansion of their strategic partnership to deploy autonomous vehicles in 15 additional cities globally over the next five years, focusing on markets outside the US and China. Following successful operations in Abu Dhabi and upcoming launch in Dubai, WeRide's Robotaxi services will be integrated into the Uber app, with Uber managing fleet operations.

This partnership represents one of the largest autonomous vehicle collaborations ever announced, combining WeRide's autonomous driving technology with Uber's global scale, operational expertise, and marketplace technology. The expansion aims to make autonomous driving solutions more accessible and affordable worldwide, particularly in European markets.