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Sat, 07 Dec 2024 01:26:03 +0000	Uber and WeRide launch robotaxi service in Abu Dhabi Ride-hail giant Uber and Chinese autonomous vehicle technology company WeRide have launched a commercial robotaxi service in Abu Dhabi. The launch marks Uber’s first international autonomous vehicle offering. Uber has been snatching up partnerships with autonomous vehicle companies across sectors, including ride-hail, delivery, and trucking. Other partners include Wayve, Serve Robotics, Aurora Innovation, Waabi, and others. Still, investors are wary that incumbents like Uber won’t be able to com
Fri, 06 Dec 2024 17:52:15 +0000	Palantir and Booz Allen Hamilton, Shopify, Uber: Market Minute Yahoo Finance host Akiko Fujita highlights three of this morning's top stories and trending stocks. Palantir (PLTR) shares are rising after signing a new AI partnership with defense contractor Booz Allen Hamilton (BAH). Shopify (SHOP) gets an upgrade to a Buy rating from Loop Capital Markets analysts. Uber (UBER) will team up with Chinese robotaxi operator WeRide in a move to expand services to Abu Dhabi in 2025. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
Fri, 06 Dec 2024 17:35:05 +0000	Waymo's robotaxis a threat to Uber's business? Not so fast, analyst says Ride-hailing stalwart Uber is in focus this week, as robotaxi challenges from Waymo and others may cut into its future prospects.
Fri, 06 Dec 2024 13:46:14 +0000	Uber And WeRide Partner For Robotaxi Service In Abu Dhabi On Friday, U.S. ride-hailing giant Uber Technologies, Inc. (NYSE:UBER) and Chinese Robotaxi company WeRide Inc. (NASDAQ:WRD) announced the launch of their ride-hailing partnership in Abu Dhabi. The launch represents the first time autonomous vehicles (AVs) are available on the Uber platform outside the U.S. and the largest commercial robotaxi service outside the U.S. and China. UAE national transport company Tawasul Transport will act as the fleet operator. Also Read: Intel Interim Co-Chief Expe
Fri, 06 Dec 2024 10:12:48 +0000	Uber and WeRide launch autonomous mobility service in Abu Dhabi First time autonomous vehicles are available on the Uber platform outside of the US.
Tue, 03 Dec 2024 02:51:00 +0000	WeRide Named to Fortune Future 50 List, Recognizing Global Leadership in Autonomous Driving Tech NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global autonomous driving leader, today was named to the 2024 Fortune Future 50 List, which ranks the world's top public and private companies with the best long-term growth potential by assessing factors like strategic orientation, technology and investments, people, and structure. OpenAI, Shopify, Nvidia, Reddit and other renowned companies were also recognized. WeRide's inclusion as the highes
Fri, 29 Nov 2024 21:30:00 +0000	Next-Generation Robotaxi Platform Unveiled, Robotaxi Coming to Uber App WeRide Announces Unaudited Financial Results for Q3 2024NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), the world’s first publicly traded Robotaxi company and a global leader in the autonomous driving industry, today announced its unaudited results for the third quarter and nine months ended September 30, 2024. Recent Highlights After the successful listing on Nasdaq, the Company continued to make progress towards its long-term strategic objecti
Wed, 20 Nov 2024 11:40:00 +0000	WeRide Robosweepers Enter Marina Bay, Marking Singapore’s First Commercial Autonomous Sanitation Project NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), the leading global commercial-stage company developing autonomous driving technologies from Level 2 to Level 4, announced that its Robosweeper S6 and Robosweeper S1 have officially commenced operations at Marina Coastal Drive and Esplanade in Singapore, respectively. This milestone represents Singapore's first commercialized autonomous sanitation project, setting a benchmark for the broader adoption of smart sanitation technologie
Wed, 20 Nov 2024 10:05:18 +0000	WeRide initiated with an Overweight at Morgan Stanley Morgan Stanley initiated coverage of WeRide (WRD) with an Overweight rating and $23 price target WeRide is a pure play in global L4+ autonomous driving, the analyst tells investors in a research note. The firm is constructive on the company’s “solid” order pipeline in robotaxis and robovans, which it expects will reach large-scale commercialization by 2026. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommend
Fri, 15 Nov 2024 15:05:58 +0000	Pony AI Gears Up For $4.48B Valuation In US IPO Amid Autonomous Vehicle Boom Pony AI Inc., a leading Chinese autonomous vehicle technology company founded in 2016, gears up for its initial public offering (IPO), offering 15 million American depositary shares (ADSs) expected to be priced between $11 and $13 per share. The company filed for its initial offering in the U.S. in October. The company’s targeted price range implies a valuation of up to $4.48 billion at the top end, per a regulatory filing. The calculations are based on the 344.95 million ordinary shares issued
Wed, 30 Oct 2024 19:02:57 +0000	Analysts Eye Uber's Q3 Earnings for Autonomous Car Updates as AI Partnerships Take Shape Uber's Q3 results to reveal updates on autonomous vehicle investments amid growing interest in AI mobility tech
Mon, 28 Oct 2024 17:15:00 +0000	WeRide Inc. Announces Closing of Initial Public Offering NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global leader and a first mover in the autonomous driving industry, today announced that its previously announced initial public offering (the “Offering”) of 7,742,400 American depositary shares (“ADSs”) at a price to the public of US$15.50 per ADS closed on October 28, 2024. Each ADS represents three Class A ordinary shares of the Company. WeRide’s ADSs began trading on the Nasdaq Global Select
Mon, 28 Oct 2024 11:24:00 +0000	The World's First IPO of Universal Autonomous Driving Technology Company! WeRide Officially Listed on Nasdaq NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide, the leading global commercial-stage company, was officially listed on the Nasdaq Global Select Market under the ticker symbol "WRD." Upon listing, WeRide became the world’s first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. The initial public offering price was set at $15.5 per American depositary share (ADS). If the underwriters fully exercise the granted option, the Company wi
Mon, 28 Oct 2024 10:14:56 +0000	WeRide raises $440.5m through US IPO and private placement WeRide has become the world’s first publicly listed universal autonomous driving technology company.
Fri, 25 Oct 2024 17:11:00 +0000	Qiming Venture Partners Celebrates WeRide's IPO on Nasdaq On October 25th, 2024, Beijing Time, WeRide, a world-leading autonomous driving company and Qiming Venture Partners' portfolio company, began trading on Nasdaq. This marks a historic milestone as both the world's first pure-play autonomous driving company to go public and the first publicly listed Robotaxi company. WeRide (NASDAQ:WRD) offered at $15.5/ADS, representing a market cap of $4.3 billion.
Fri, 25 Oct 2024 07:59:00 +0000	WeRide Inc. Announces Pricing of Initial Public Offering NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global leader and a first mover in the autonomous driving industry, today announced the pricing of its initial public offering of 7,742,400 American depositary shares (“ADSs”), each representing three Class A ordinary shares of the Company, at a price to the public of US$15.50 per ADS. The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Select Market on