financetom
Business
financetom
/
Business
/
WeRide to Expand Robotaxi Services to 15 More Cities in Uber Partnership
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
WeRide to Expand Robotaxi Services to 15 More Cities in Uber Partnership
May 26, 2025 11:28 AM

06:13 AM EDT, 05/21/2025 (MT Newswires) -- WeRide ( WRD ) said Wednesday that it will expand its robotaxi services to 15 more cities through an extended partnership with Uber ( UBER ) , following deployments in Abu Dhabi and Dubai.

The deal includes a $100 million equity investment from Uber ( UBER ), with WeRide's ( WRD ) vehicles integrated into the Uber ( UBER ) app and Uber ( UBER ) handling local fleet operations, WeRide ( WRD ) said.

WeRide ( WRD ) also said it launched 24-hour robotaxi routes across central Guangzhou, making it China's first 24-hour autonomous ride-hailing network.

WeRide ( WRD ) began driverless testing in Abu Dhabi and introduced its first paid robobus route in Guangzhou, while expanding internationally in Singapore and France, the company said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Huntington Bancshares to Acquire Cadence Bank in All-Stock Transaction
Huntington Bancshares to Acquire Cadence Bank in All-Stock Transaction
Oct 27, 2025
07:23 AM EDT, 10/27/2025 (MT Newswires) -- Huntington Bancshares ( HBAN ) said Monday it has agreed to acquire Cadence Bank ( CADE ) in a 100% stock transaction that values Cadence at $7.4 billion. Under the terms of the definitive agreement, Huntington will issue 2.475 shares of its common stock for each outstanding share of Cadence. Based on Huntington's...
Merck Says Pulmonary Arterial Hypertension Treatment Update Gets FDA Approval
Merck Says Pulmonary Arterial Hypertension Treatment Update Gets FDA Approval
Oct 27, 2025
07:25 AM EDT, 10/27/2025 (MT Newswires) -- Merck ( MRK ) said Monday it received approval for an update for Winrevair, a treatment for adults with pulmonary arterial hypertension, from the US Food and Drug Administration. The approval expands the indication of the drug to include components of clinical worsening events such as hospitalization, lung transplantation, and death, Merck (...
Market Chatter: Barclays Re-Enters Saudi Arabia Market With New Office Planned Next Year
Market Chatter: Barclays Re-Enters Saudi Arabia Market With New Office Planned Next Year
Oct 27, 2025
07:23 AM EDT, 10/27/2025 (MT Newswires) -- Barclays ( BCS ) is re-entering the Saudi Arabian market with plans to open a new office in Riyadh next year, Bloomberg reported Monday, citing the company's Chief Executive C.S. Venkatakrishnan. The UK-based bank is in the process of obtaining a license to conduct investment banking activities in the country, he said during...
Buybacks take backseat as AI drives record US capex spending
Buybacks take backseat as AI drives record US capex spending
Oct 27, 2025
By Johann M Cherian (Reuters) -Investors are increasingly favoring U.S. companies that channel capital toward AI innovation over those offering traditional shareholder payouts such as dividends and buybacks, even as the debate over soaring valuations and an AI bubble rages on. The priority for investors is long-term growth over immediate profits, recognizing that companies neglecting AI investment risk falling behind...
Copyright 2023-2026 - www.financetom.com All Rights Reserved