WeRide Inc. Stock Price, News & Analysis

WeRide (NASDAQ: WRD) has launched the Robovan W5, a Level 4 autonomous logistics vehicle designed for urban delivery operations. The vehicle leverages WeRide's experience from nearly 40 million kilometers of autonomous driving and 1,900 days of operations.

The Robovan W5 features class-leading specifications including a 5.5 cubic meter cargo capacity, 1,000 kg maximum payload, and 220 kilometer operating range. It operates 24/7 in all weather conditions with 360-degree blind-spot-free perception and intelligent path optimization.

Key features include multi-vehicle platooning capabilities, modular cargo box stacking, redundant safety systems, and a comprehensive cloud-based control platform. The electric vehicle is designed for express delivery, urban distribution, and point-to-point logistics, offering cost-effective unmanned delivery solutions.

WeRide (NASDAQ: WRD) has been selected as the technology provider for a new autonomous driving pilot project in Switzerland, funded by the Canton of Zurich and Swiss national railway (SBB) and managed by Swiss Transit Lab. The project will initially deploy two autonomous cars during the test phase, expanding to four cars in Q2 2025, with plans for eight additional vehicles in 2026.

The service will operate in Switzerland's Furttal Region, where residents can book autonomous vehicles through an app provided by ioki. The project aims to address transportation options in suburban areas, complementing Switzerland's extensive train network, which serves as the primary connection between major cities.

This marks WeRide's third European project within eight 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. The fully unmanned operation is planned to run for up to five years.

WeRide (NASDAQ: WRD) has announced the deployment of its Robobus autonomous shuttle service at Zurich Airport in collaboration with Flughafen Zürich AG and Swiss Transit Lab. The nine-passenger Robobus will be the first commercial autonomous bus shuttle at a European airport, operating between employee gates 101 and 130 starting Q1 2025.

The deployment follows WeRide's successful operations at Roland-Garros during the 2024 French Open, where Robobus provided shuttle services on a five-kilometer route. Prior to the Zurich implementation, WeRide's Robotaxi completed route mapping at the airport, showcasing potential for expanded applications in Switzerland.

The challenging Alpine environment at Zurich Airport has been successfully addressed by WeRide's technology, which has been tested across more than 30 cities in seven countries. The initial phase will include a safety driver, with plans to transition to remote monitoring operations.

Uber and WeRide have launched their autonomous mobility service in Abu Dhabi, marking the first time autonomous vehicles are available on the Uber platform outside the United States. The service represents the largest commercial robotaxi operation outside the U.S. and China.

The service will operate in key areas including Saadiyat Island, Yas Island, and routes to/from Zayed International Airport. Initially, safety operators will be present in each vehicle, with plans for fully driverless service in 2025. Tawasul Transport will serve as the fleet operator, with support from Abu Dhabi's Integrated Transport Centre.

Uber riders requesting UberX or Uber Comfort may be matched with WeRide autonomous vehicles for qualifying trips, with an opt-in option available through the app's Ride Preferences section.

WeRide (Nasdaq: WRD) has been named to the 2024 Fortune Future 50 List, which recognizes companies with the strongest long-term growth potential. The company ranks as the highest-placed autonomous driving company on the list, following its successful IPO and Nasdaq listing in October 2024 that raised $458.5 million through IPO and private placement. WeRide made history as the world's first publicly listed robotaxi company and universal autonomous driving technology company. The Fortune Future 50 ranking evaluates over 2,800 public companies worth at least $5 billion and 170 private firms with minimum $1 billion funding, using a proprietary vitality index to assess growth prospects.

WeRide (Nasdaq: WRD) announced Q3 2024 financial results, highlighting key developments including the launch of GXR, a next-generation Robotaxi platform, and strategic partnerships with Uber in UAE and Beti in France. Total revenues decreased to RMB70.0 million (US$10.0 million) from RMB74.2 million year-over-year. The company reported a net loss of RMB1,042.7 million (US$148.6 million). Notable achievements include obtaining fare-charging Robobus approval in China and launching L4 autonomous services in Singapore. WeRide expects full-year 2024 revenues between RMB350-380 million.

WeRide (Nasdaq: WRD) has launched Singapore's first commercial autonomous sanitation project, deploying its Robosweeper S6 and S1 at Marina Coastal Drive and Esplanade. This milestone follows the company's recent acquisition of M1 and T1 licenses from Singapore's Land Transport Authority. In partnership with Chye Thiam Maintenance, WeRide completed licensing, testing, and deployment in under six months. The Robosweepers feature 360-degree perception capabilities and operate through coordinated day-and-night shifts, offering fully electric, environmentally friendly sanitation solutions for Marina Bay's complex road layouts and high pedestrian areas.

Deutsche Bank has been appointed as the depositary bank for WeRide Inc.'s (NASDAQ: WRD) American Depositary Receipt program. WeRide, headquartered in Guangzhou, China, is a provider of autonomous driving solutions from Level 2 to Level 4, serving mobility, logistics, and sanitation industries. The Level III ADR program trades on NASDAQ under the symbol WRD, with a ratio of 1 ADS representing 3 Class A Ordinary shares. The program became effective on October 28, 2024, with Deutsche Bank AG's Hong Kong Branch serving as the custodian bank.

WeRide announced the closing of its initial public offering of 7,742,400 American depositary shares (ADSs) at $15.50 per ADS on October 28, 2024. Each ADS represents three Class A ordinary shares. Trading began on Nasdaq Global Select Market under symbol WRD on October 25, 2024. The company granted underwriters a 30-day option to purchase up to 1,161,360 additional ADSs. If fully exercised, WeRide could raise approximately $458.5 million in gross proceeds from the offering and concurrent private placements, before deducting expenses.