Latest news with #WeRideInc
Yahoo
06-06-2025
- Business
- Yahoo
Why WeRide Inc. (WRD) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other worst-performing stocks on Wednesday. WeRide Inc. (NASDAQ:WRD) saw its share prices drop by 4.63 percent to close at $9.16 apiece as investors sold off positions to mitigate risks from the escalating trade tensions between the US and China. The pessimistic sentiment came after US President Donald Trump's new social media post on Wednesday, expressing his frustration with China, saying that Chinese President Xi Jinping is 'very tough and extremely hard to make a deal with.' A pick-up and delivery truck speeding down a busy city street. The new development casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including WeRide Inc. (NASDAQ:WRD). US states' delisting calls of Chinese companies also triggered concerns. In a recently issued statement, Comptroller Elise Nieshalla of Indiana said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards. Indiana joined 20 other states in calling for the delisting of from the US stock market. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Why WeRide Inc. (WRD) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other best-performing stocks. WeRide Inc. jumped by 18.22 percent on Tuesday to end at $10.77 apiece following its official expansion into Saudi Arabia with the deployment of its autonomous driving vehicles into the said country. In a statement, WeRide Inc. (NASDAQ:WRD) said it deployed robotaxis and robobus in Riyadh and AlUla as part of its preparation works for its upcoming robotaxi operations under the Uber app. WeRide Inc. (NASDAQ:WRD) said it is set to launch on Uber over the next few months, with full commercial operations in late 2025. Additionally, the expansion supports Saudi Arabia's Vision 2030 ambitions to build smart, sustainable cities by enhancing road safety, traffic management, and introducing innovative mobility solutions. A pick-up and delivery truck speeding down a busy city street. Earlier this month, WeRide Inc. (NASDAQ:WRD) fully launched driverless Robotaxi testing in Abu Dhabi—the first deployment of its kind in the region. It will also be extending its Robotaxi service coverage to Al Maryah and Al Reem Islands. Overall, WRD ranks 3rd on our list of best-performing stocks. While we acknowledge the potential of WRD, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRD and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-05-2025
- Business
- Yahoo
Why WeRide Inc. (WRD) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against other best-performing stocks. WeRide Inc. jumped by 18.22 percent on Tuesday to end at $10.77 apiece following its official expansion into Saudi Arabia with the deployment of its autonomous driving vehicles into the said country. In a statement, WeRide Inc. (NASDAQ:WRD) said it deployed robotaxis and robobus in Riyadh and AlUla as part of its preparation works for its upcoming robotaxi operations under the Uber app. WeRide Inc. (NASDAQ:WRD) said it is set to launch on Uber over the next few months, with full commercial operations in late 2025. Additionally, the expansion supports Saudi Arabia's Vision 2030 ambitions to build smart, sustainable cities by enhancing road safety, traffic management, and introducing innovative mobility solutions. A pick-up and delivery truck speeding down a busy city street. Earlier this month, WeRide Inc. (NASDAQ:WRD) fully launched driverless Robotaxi testing in Abu Dhabi—the first deployment of its kind in the region. It will also be extending its Robotaxi service coverage to Al Maryah and Al Reem Islands. Overall, WRD ranks 3rd on our list of best-performing stocks. While we acknowledge the potential of WRD, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRD and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
WeRide to Expand Autonomous Mobility in Saudi Arabia
On May 27, WeRide Inc. (NASDAQ:WRD) announced its entry into Saudi Arabia, a significant milestone in its global expansion strategy. The company is testing and deploying Robotaxis and other autonomous solutions in Riyadh and AlUla, paving the way for wider operations and a commercial rollout. WeRide is preparing for Robotaxi trial operations on Uber with support from the Transport General Authority. The service will launch in the coming months and full commercial operations are expected by late 2025. The deployment aligns with Saudi Arabia's Vision 2030, driving smart city development, road safety enhancements, and advanced mobility solutions. Beyond Robotaxis, WeRide has deployed Robobus at King Fahad Medical City, Aramco residential communities, and AlUla, enhancing last-mile connectivity. Additionally, the Robosweeper S1 has been introduced at King Fahad Medical City, marking Saudi Arabia's first monetized autonomous sanitation project. Building on its Middle Eastern expansion, WeRide has launched fully driverless Robotaxi testing in Abu Dhabi and plans to extend services to 15 global cities through its Uber partnership, further cementing its leadership in autonomous mobility solutions. Saudi Arabia, the Middle East's largest economy ($1.09T GDP in 2024), is advancing Vision 2030 to diversify growth. With tourism projected at $110.1 billion by 2033, WeRide's Robotaxis and Robobuses enhance smart, sustainable transport for residents and visitors. WeRide is a pioneer in autonomous driving and the first publicly traded Robotaxi company, operating in 30+ cities across 10 countries. It holds autonomous driving permits in China, the UAE, Singapore, France, and the US. Powered by its adaptable WeRide One platform, the company delivers L2–L4 autonomous solutions across mobility, logistics, and sanitation, earning a spot on Fortune's 2024 'The Future 50' list. While we acknowledge the potential of WeRide Inc. (NASDAQ:WRD) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Sign in to access your portfolio
Yahoo
24-05-2025
- Automotive
- Yahoo
Morgan Stanley Maintains Overweight on WeRide (WRD) Stock, Cuts PT
On May 22, Morgan Stanley cut the price target on WeRide Inc. (NASDAQ:WRD) stock from $23 to $13 but kept its Overweight rating on the shares. Tim Hsiao from Morgan Stanley has lowered WeRide's price target as he sees high volatility in the Chinese robotaxi market. The company posted only a 1.8% revenue increase in Q1 2025, indicating slower growth overall. WeRide faces rising competition in the autonomous driving market, especially from aggressive OEMs entering the Robotaxi business. WeRide Inc. (NASDAQ:WRD) is focusing on the longer run with its global expansion. The company has collaborated with Uber, securing an additional $100 million in equity investment and agreeing to provide global taxi services in 15 new cities. The company expanded its services in the UAE, with the first driverless Robotaxi testing in Abu Dhabi. WeRide now has an autonomous mobility service in three cities in China after launching its service in the central area of Guangzhou. The company is also entering European countries, including Switzerland, Spain, and France. However, Hsiao has cut its 2025-2026 volume forecasts for WeRide's Robobus and Robosweeper businesses. The analyst believes the WRD's 'severe share price movements' over the past three months reflect the volatility in China's robotaxi market. Despite this projection, the analyst remains constructive on WeRide's long-term outlook and collaboration with Uber overseas. WeRide Inc. (NASDAQ:WRD) offers autonomous driving products and services for different markets, addressing transportation needs across a range of use cases on open roads, including in the mobility, logistics, and sanitation industries. Its leading products and services include Robotaxi, Robobus, Robovan, and Robosweepers. While we acknowledge the potential of WRD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WRD and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
