financetom
Technology
financetom
/
Technology
/
Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE
Sep 26, 2024 10:46 AM

(Reuters) - Uber Technologies ( UBER ) and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm's vehicles to the rideshare platform, starting in the United Arab Emirates.

WeRide's first collaboration with a global ride-hailing platform will help the company expand its reach beyond China, while Uber ( UBER ) takes another towards incorporating robotaxis into its platform.

Uber ( UBER ) expanded its partnership with Alphabet's Waymo to bring robotaxis to Austin and Atlanta in the United States earlier this month.

In August, Uber ( UBER ) tied up with General Motors' ( GM ) robotaxi unit Cruise, which will offer its autonomous vehicles on the platform starting next year.

The ride-hailing firm's partnership with WeRide is set to launch in Abu Dhabi later this year.

WeRide was granted UAE's first and only national license for self-driving vehicles, which allows the Chinese firm to test and operate robotaxis on public roads throughout the country.

WeRide was expected to list its shares in the United States, valuing the firm up to $5 billion, but its initial public offering has been delayed and the firm said it was working to complete documentation to go ahead with the listing.

The Biden administration on Monday proposed prohibitions that would prevent testing of self-driving cars on U.S. roads by Chinese automakers and which would extend to vehicle software and hardware produced by other U.S. foreign adversaries, including Russia.

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 >
Performance Comparison: Microsoft And Competitors In Software Industry
Performance Comparison: Microsoft And Competitors In Software Industry
Feb 27, 2025
In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing Microsoft ( MSFT ) alongside its primary competitors in the Software industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to...
Analyst Expectations For C3.ai's Future
Analyst Expectations For C3.ai's Future
Feb 27, 2025
10 analysts have expressed a variety of opinions on C3.ai ( AI ) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0...
Understanding Apple's Position In Technology Hardware, Storage & Peripherals Industry Compared To Competitors
Understanding Apple's Position In Technology Hardware, Storage & Peripherals Industry Compared To Competitors
Feb 27, 2025
In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating Apple ( AAPL ) against its key competitors in the Technology Hardware, Storage & Peripherals industry. By examining key financial metrics, market position, and growth prospects, we aim...
Comparing NVIDIA With Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Comparing NVIDIA With Industry Competitors In Semiconductors & Semiconductor Equipment Industry
Feb 27, 2025
In today's fast-paced and competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies before making investment decisions. In this article, we will conduct a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) against its key competitors in the Semiconductors & Semiconductor Equipment industry. By examining key financial metrics, market position, and growth prospects, we...
Copyright 2023-2025 - www.financetom.com All Rights Reserved