Abu Dhabi Launches First Commercial Robotaxi Service
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy UBER?
Source: Newsfilter
- Service Expansion: WeRide and Uber have launched the first commercial Robotaxi service in downtown Abu Dhabi, covering approximately 70% of the core areas, significantly enhancing urban transport accessibility and convenience.
- Fleet Growth: Since starting operations in December 2024, WeRide's Robotaxi fleet has expanded to over 200 vehicles, with plans to scale to thousands in the coming years, further solidifying its leadership position in the Middle East market.
- Tourism Support: The new service connects major landmarks and hotels, expected to boost Abu Dhabi's tourism sector, with international visitors reaching 4.8 million in 2024, a 27% year-on-year increase.
- Technological Advantage: WeRide maintains a four-year first-mover advantage in Abu Dhabi, being the first to receive a national self-driving vehicle license, driving the realization of the smart mobility vision.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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