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, with WeRide's vehicles integrated into the Uber app and Uber handling local fleet operations, WeRide said.
WeRide also said it launched 24-hour robotaxi routes across central Guangzhou, making it China's first 24-hour autonomous ride-hailing network.
WeRide 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.