Weride Inc operates in the autonomous driving sector, focusing on the development and deployment of self-driving technology. The company aims to revolutionize transportation by creating innovative mobility solutions that enhance the safety and efficiency of travel. Weride collaborates with various partners, including automotive manufacturers and technology firms, to advance its autonomous vehicle systems. With a commitment to research and development, Weride strives to deliver cutting-edge technologies that provide a seamless and reliable transportation experience for consumers and businesses alike.
Uber and WeRide launch autonomous mobility service in Abu Dhabi. AVs now available on Uber platform in UAE, with plans for full driverless service in 2025.Uber and WeRide team up to offer AV rides in Abu Dhabi, marking the first time autonomous vehicles are available on Uber outside the US.
Uber Technologies, Inc. (NYSE: UBER), the world’s largest mobility and delivery technology platform, and WeRide (NASDAQ: WRD), the world’s first publicly listed Robotaxi company and a global leader in autonomous driving technology, have announced the launch of their ride-hailing partnership in Abu Dhabi.
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global autonomous driving leader, today was named to the 2024 Fortune Future 50 List, which ranks the world's top public and private companies with the best long-term growth potential by assessing factors like strategic orientation, technology and investments, people, and structure. OpenAI, Shopify, Nvidia, Reddit and other renowned companies were also recognized.
WeRide (WRD) is a leader in autonomous driving technology, with a strong product lineup and global presence. Analyst Tim Hsiao initiated coverage with an Overweight rating and a price target of $23, highlighting the company's potential for growth in the rapidly expanding autonomous driving market. WeRide's partnerships and increasing commercialization efforts further support its long-term trajectory. WRD stock is down 2.10% at $18.88.
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), the leading global commercial-stage company developing autonomous driving technologies from Level 2 to Level 4, announced that its Robosweeper S6 and Robosweeper S1 have officially commenced operations at Marina Coastal Drive and Esplanade in Singapore, respectively. This milestone represents Singapore's first commercialized autonomous sanitation project, setting a benchmark for the broader adoption of smart sanitation technologies in the country.
Invizyne Technologies opened on Nov. 13 at $11.10. Shares gained as much as 13% following the company's $15 million initial public offering. Additionally, Alpha Cognition opened on Nov. 12 at $7.00.
Pony.ai, a leading Chinese autonomous vehicle technology company, plans to raise up to $184.9 million through its IPO on the Nasdaq under the symbol PONY. The company has strong partnerships and unique licenses in China, and plans to use the proceeds for market expansion and R&D.
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global leader and a first mover in the autonomous driving industry, today announced that its previously announced initial public offering (the “Offering”) of 7,742,400 American depositary shares (“ADSs”) at a price to the public of US$15.50 per ADS closed on October 28, 2024. Each ADS represents three Class A ordinary shares of the Company. WeRide’s ADSs began trading on the Nasdaq Global Select Market on October 25, 2024, under the ticker symbol “WRD.”
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide, the leading global commercial-stage company, was officially listed on the Nasdaq Global Select Market under the ticker symbol "WRD." Upon listing, WeRide became the world’s first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. The initial public offering price was set at $15.5 per American depositary share (ADS). If the underwriters fully exercise the granted option, the Company will issue a total of 8,903,760 ADSs. The total proceeds from the public offering, combined with $320 million concurrent private placement, are expected to amount to $458.5 million, assuming the underwriters of the initial public offering fully exercise their option.
Ingram Micro and its private equity owner, Platinum Equity, sold 18.6 million shares at $22 each as the technology distributor returned to public trading in a busy week for the IPO market.
