WeRide Inc. Sponsored ADR ( (WRD) ) has provided an update.
WeRide Inc. announced a partnership with Dubai’s Road and Transport Authority and Uber to integrate its self-driving robotaxis into Dubai’s public transportation system, marking a significant milestone in autonomous mobility. This collaboration follows WeRide’s historic achievement in July 2023 of securing the UAE’s first national license for self-driving vehicles on public roads, reinforcing its position as a leading autonomous mobility technology provider in the Middle East. The initiative aligns with Dubai’s Self-Driving Transport Strategy, aiming to transform 25% of all journeys in the city into autonomous trips by 2030, and positions Dubai as a pioneering hub for smart transportation.
More about WeRide Inc. Sponsored ADR
WeRide Inc. is a global leader in the autonomous driving industry and the first publicly traded Robotaxi company. Operating in over 30 cities across 10 countries, WeRide holds driverless permits in China, the UAE, Singapore, France, and the US. The company offers autonomous driving products and services from L2 to L4, addressing transportation needs in mobility, logistics, and sanitation industries.
YTD Price Performance: -1.90%
Average Trading Volume: 1,874,931
Technical Sentiment Signal: Strong Buy
Current Market Cap: $3.74B
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