WeRide and Uber Expand Partnership to Deploy 1,200 Robotaxis in the Middle East
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy WRD?
WeRide (WRD) and Uber (UBER) announced an expansion of their strategic partnership to deploy at least 1,200 robotaxis across the Middle East. The deployment, which will span Abu Dhabi, Dubai, and Riyadh, is expected to be completed as soon as 2027. All 1,200 Robotaxis will be available through the Uber app in the three markets, following existing fully driverless commercial Robotaxi operations in Abu Dhabi and passenger operations in Dubai and Riyadh. The fleet will be scaled up progressively, with Uber committed to adding more Robotaxis as key regulatory approvals and performance milestones are met, including the launch of fully driverless commercial operations covering the core areas of each city.
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Analyst Views on WRD
Wall Street analysts forecast WRD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WRD is 14.77 USD with a low forecast of 12.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.360
Low
12.00
Averages
14.77
High
17.00
Current: 7.360
Low
12.00
Averages
14.77
High
17.00
About WRD
WeRide Inc is a holding company mainly engaged in the commercialization of autonomous driving technology. The Company mainly operates three businesses. The company sells autonomous driving vehicles, primarily including robobuses, robotaxis and robosweepers, and related sensor suites. The Company provides autonomous driving related operational and technical support services. The Company also offers other technology services, including advanced driver-assistance system (ADAS) research and development services, and intelligent data services. The Company's autonomous driving products and solutions are available in multiple countries including China, the United Arab Emirates, Saudi Arabia, Switzerland, France, Singapore and Japan.
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.
WeRide and Uber to Deploy 1,200 Robotaxis in the Middle East
- Middle East Expansion: WeRide and Uber announced plans to deploy at least 1,200 Robotaxis across Abu Dhabi, Dubai, and Riyadh, with completion expected by 2027, marking the largest commercial commitment for Robotaxis in the MENA region and significantly enhancing both companies' competitive positions in this market.
- Strategic Partnership Deepening: This deployment allows WeRide and Uber to operate Robotaxis in three of the 15 cities outlined in their agreement, with plans to launch in another 12 cities by 2030, further solidifying their collaborative efforts in the smart mobility sector.
- Global Vision Advancement: WeRide's CEO Tony Han stated that this commitment is a key part of their vision for tens of thousands of Robotaxis globally, demonstrating the company's determination to accelerate its global expansion over the next five years.
- Innovation-Driven Growth: By partnering with Uber, WeRide not only enhances its technological capabilities but also drives innovation in smart transportation in the Middle East, which is expected to attract more investments and collaboration opportunities, fostering regional economic growth.
See More
WeRide Expands Partnership with Uber for Robotaxi Deployment
- Partnership Expansion: WeRide announced plans to deploy at least 1,200 robotaxis in Abu Dhabi, Dubai, and Riyadh in partnership with Uber, with completion expected by 2027, further penetrating the Middle Eastern market.
- Profitability Progress: In Abu Dhabi, the fully driverless commercial robotaxi service operated by WeRide and Uber is on track to achieve breakeven unit economics, with each vehicle averaging dozens of daily trips, indicating strong market demand.
- Positive Market Sentiment: WeRide's shares rallied 7% following the partnership expansion announcement, with investors maintaining an optimistic outlook despite a 50% drop in stock price over the past year, reflecting confidence in the company's growth strategy.
- Technological Investment Support: Nvidia's investment in WeRide has garnered attention, with users discussing the company's potential for market expansion on social media, emphasizing government contracts and the absence of negative news, suggesting increasing market confidence in WeRide.
See More
WeRide and Uber Expand Strategic Partnership for Robotaxi Deployment
- Robotaxi Expansion: WeRide and Uber announced a deployment of at least 1,200 Robotaxis across the Middle East, covering Abu Dhabi, Dubai, and Riyadh, with completion targeted by 2027, marking one of the largest commercial autonomous mobility rollouts in the region.
- Scaled Rollout Plan: All 1,200 Robotaxis will be available via the Uber app, building on existing fully driverless operations, with Uber committing to add more vehicles as regulatory approvals and performance milestones are achieved, expanding fully driverless coverage in core urban areas.
- Executive Commentary: WeRide's CEO Tony Han stated that this announcement represents the largest commercial commitment for Robotaxis in the MENA region, emphasizing that the partnership with Uber will accelerate regional expansion, aiming for tens of thousands of Robotaxis globally in the next five years.
- Market Reaction: WeRide shares rose 1.63% to $7.48 in premarket trading, nearing a 52-week low of $6.03, while Uber shares increased by 0.19% to $75.34, indicating positive market sentiment towards this partnership.
See More
WeRide and Uber Expand Robotaxi Partnership in the Middle East
- Strategic Partnership Expansion: WeRide and Uber announced a deployment of at least 1,200 Robotaxis across the Middle East, expected to be completed by 2027, marking the largest commercial commitment for Robotaxis in the region and furthering collaboration in autonomous driving.
- Market Coverage Enhancement: This expansion allows WeRide and Uber to operate Robotaxis in three of the 15 cities outlined in their previous agreement, with plans to cover more cities by 2030, showcasing their ambitious vision in the autonomous driving market.
- Innovative Operating Model: WeRide's asset-light model delegates fleet operations to Uber or local third parties, with the Robotaxi service in Abu Dhabi averaging dozens of daily trips per vehicle and on track to achieve breakeven unit economics, enhancing competitive positioning.
- Industry Leadership Position: By scaling up to 1,200 Robotaxis, WeRide will solidify its leading position in commercial Robotaxi services in the Middle East, supporting the region's transition to fully autonomous urban mobility.
See More
WERIDE's Deployment Across Abu Dhabi, Dubai, and Riyadh Aimed for Completion by 2027
- Deployment Overview: The deployment will cover the areas of Abu Dhabi, Dubai, and Riyadh.
- Completion Timeline: It is expected to be completed by the year 2027.
See More
WERIDE and UBER to Launch 1,200 Robotaxis in the Middle East
- Deployment of Robot Taxis: WERIDE and Uber are set to deploy 1,200 robot taxis in the Middle East.
- Expansion of Autonomous Services: This initiative marks a significant expansion in the use of autonomous vehicle services in the region.
See More
WeRide and Uber to Deploy 1,200 Robotaxis in the Middle East
- Middle East Expansion: WeRide and Uber announced plans to deploy at least 1,200 Robotaxis across Abu Dhabi, Dubai, and Riyadh, with completion expected by 2027, marking the largest commercial commitment for Robotaxis in the MENA region and significantly enhancing both companies' competitive positions in this market.
- Strategic Partnership Deepening: This deployment allows WeRide and Uber to operate Robotaxis in three of the 15 cities outlined in their agreement, with plans to launch in another 12 cities by 2030, further solidifying their collaborative efforts in the smart mobility sector.
- Global Vision Advancement: WeRide's CEO Tony Han stated that this commitment is a key part of their vision for tens of thousands of Robotaxis globally, demonstrating the company's determination to accelerate its global expansion over the next five years.
- Innovation-Driven Growth: By partnering with Uber, WeRide not only enhances its technological capabilities but also drives innovation in smart transportation in the Middle East, which is expected to attract more investments and collaboration opportunities, fostering regional economic growth.
See More
WeRide Expands Partnership with Uber for Robotaxi Deployment
- Partnership Expansion: WeRide announced plans to deploy at least 1,200 robotaxis in Abu Dhabi, Dubai, and Riyadh in partnership with Uber, with completion expected by 2027, further penetrating the Middle Eastern market.
- Profitability Progress: In Abu Dhabi, the fully driverless commercial robotaxi service operated by WeRide and Uber is on track to achieve breakeven unit economics, with each vehicle averaging dozens of daily trips, indicating strong market demand.
- Positive Market Sentiment: WeRide's shares rallied 7% following the partnership expansion announcement, with investors maintaining an optimistic outlook despite a 50% drop in stock price over the past year, reflecting confidence in the company's growth strategy.
- Technological Investment Support: Nvidia's investment in WeRide has garnered attention, with users discussing the company's potential for market expansion on social media, emphasizing government contracts and the absence of negative news, suggesting increasing market confidence in WeRide.
See More
WeRide and Uber Expand Strategic Partnership for Robotaxi Deployment
- Robotaxi Expansion: WeRide and Uber announced a deployment of at least 1,200 Robotaxis across the Middle East, covering Abu Dhabi, Dubai, and Riyadh, with completion targeted by 2027, marking one of the largest commercial autonomous mobility rollouts in the region.
- Scaled Rollout Plan: All 1,200 Robotaxis will be available via the Uber app, building on existing fully driverless operations, with Uber committing to add more vehicles as regulatory approvals and performance milestones are achieved, expanding fully driverless coverage in core urban areas.
- Executive Commentary: WeRide's CEO Tony Han stated that this announcement represents the largest commercial commitment for Robotaxis in the MENA region, emphasizing that the partnership with Uber will accelerate regional expansion, aiming for tens of thousands of Robotaxis globally in the next five years.
- Market Reaction: WeRide shares rose 1.63% to $7.48 in premarket trading, nearing a 52-week low of $6.03, while Uber shares increased by 0.19% to $75.34, indicating positive market sentiment towards this partnership.
See More
WeRide and Uber Expand Robotaxi Partnership in the Middle East
- Strategic Partnership Expansion: WeRide and Uber announced a deployment of at least 1,200 Robotaxis across the Middle East, expected to be completed by 2027, marking the largest commercial commitment for Robotaxis in the region and furthering collaboration in autonomous driving.
- Market Coverage Enhancement: This expansion allows WeRide and Uber to operate Robotaxis in three of the 15 cities outlined in their previous agreement, with plans to cover more cities by 2030, showcasing their ambitious vision in the autonomous driving market.
- Innovative Operating Model: WeRide's asset-light model delegates fleet operations to Uber or local third parties, with the Robotaxi service in Abu Dhabi averaging dozens of daily trips per vehicle and on track to achieve breakeven unit economics, enhancing competitive positioning.
- Industry Leadership Position: By scaling up to 1,200 Robotaxis, WeRide will solidify its leading position in commercial Robotaxi services in the Middle East, supporting the region's transition to fully autonomous urban mobility.
See More
WERIDE's Deployment Across Abu Dhabi, Dubai, and Riyadh Aimed for Completion by 2027
- Deployment Overview: The deployment will cover the areas of Abu Dhabi, Dubai, and Riyadh.
- Completion Timeline: It is expected to be completed by the year 2027.
See More
WERIDE and UBER to Launch 1,200 Robotaxis in the Middle East
- Deployment of Robot Taxis: WERIDE and Uber are set to deploy 1,200 robot taxis in the Middle East.
- Expansion of Autonomous Services: This initiative marks a significant expansion in the use of autonomous vehicle services in the region.
See More
