WeRide Launches Fully Driverless Robotaxi Fare-Charging in Dubai with Uber, Marking Major Commercial Milestone
WRD sits 28% above its 52-week low of $6.005.
Summary
WeRide Inc. and Uber Technologies have officially launched fully driverless Robotaxi fare-charging operations in Dubai, marking a significant commercial milestone for autonomous mobility in the Middle East. This initiative represents the first batch of Level 4 Robotaxis to enter commercial service in the city, with riders able to book WeRide's GXR fleet via the Uber app. The launch follows successful supervised trials and a February commitment by WeRide and Uber to deploy at least 1,200 Robotaxis across the Middle East. This move significantly expands WeRide's global operational footprint and reinforces its technological leadership, especially given its Middle Eastern subsidiary has achieved operational profitability in its Robotaxi business since 2025. Uber's beneficial ownership of approximately 5.82% of WeRide's Class A ordinary shares further underscores confidence in this partnership and WeRide's commercialization capabilities.
At the time of this announcement, WRD was trading at $7.69 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $6.01 to $15.60. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.