WeRide Secures Historic Robotaxi Permit In Saudi Arabia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
0mins
Should l Buy UBER?
Source: Benzinga
WeRide's Milestone in Saudi Arabia: WeRide Inc. has become the first company to receive a permit for operating driverless taxis in Saudi Arabia, launching a pilot Robotaxi service in Riyadh with plans for full commercial rollout by the end of 2025.
Global Expansion and Partnerships: The company has also secured regulatory approvals in Shanghai and Singapore for its autonomous services, enhancing its presence in multiple international markets while collaborating with major partners like Uber and Chery Group.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 77.120
Low
72.00
Averages
107.10
High
150.00
Current: 77.120
Low
72.00
Averages
107.10
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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- Future Collaboration Commitment: Uber has committed to purchasing at least 35,000 Lucid vehicles designed for its global robotaxi service, which not only boosts Lucid's market demand but also lays a foundation for Uber's future business expansion.
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See More
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