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WeRide Stock Climbs On Tencent Cloud Deal To Speed Global Robotaxi Push
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WeRide Stock Climbs On Tencent Cloud Deal To Speed Global Robotaxi Push
May 26, 2025 11:01 AM

Chinese autonomous company WeRide Inc ( WRD ) tapped Tencent Holding (OTC:TCEHY) Tencent Cloud to boost robotaxi commercial operations and build smart driving solutions for international markets.

Tencent’s cloud unit will depend on its global cloud infrastructure to provide WeRide ( WRD ) with cloud services to build a smart driving operation network, Reuters reported on Tuesday. WeRide ( WRD ) stock gained after the report.

In April, Uber Technologies ( UBER ) and WeRide ( WRD ) partnered with Dubai’s Road and Transport Authority (RTA) to launch autonomous vehicles, advancing Dubai’s self-driving transport goals.

Also Read: Autonomous Ride-Hailing Just Got Real: VW And Uber Reveal First US City

Also in April, WeRide ( WRD ) domestic rival Pony AI Inc ( PONY ) collaborated with Tencent Cloud to bring robotaxi rides to WeChat and Tencent Maps, boosting autonomous ride-hailing access.

Tesla Inc ( TSLA ) said in April that it had started testing its autonomous ride-hail service with Austin and Bay Area employees ahead of its planned robotaxi launch this summer.

Tesla chief Elon Musk expects the EV giant’s robotaxi fleet to function like a combination of Airbnb, Inc ( ABNB ) and Uber ( UBER ).

Price Action: WRD stock is up 4.62% at $8.91 at last check Tuesday.

Read Next:

China’s Baidu And CATL Team Up To Build Next-Gen Driverless EVs, Integrating Advanced Battery And Chassis Tech

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