WeRide Expands into Saudi Arabia with Launch of Robotaxi and More Autonomous Driving Products

Core Insights - WeRide has expanded its operations into Saudi Arabia, launching testing and deployment of its Robotaxis and other autonomous driving products in cities like Riyadh and AlUla, which is a significant step in its global growth strategy [1][2] - The company is set to launch Robotaxi trial operations on Uber in the coming months, with full commercial services expected by late 2025, aligning with Saudi Arabia's Vision 2030 to enhance smart, sustainable cities [2][6] - WeRide's Robobus is being tested in key areas across Saudi Arabia, addressing last-mile transportation gaps and complementing existing transit networks like Riyadh Metro [3] Industry Context - Saudi Arabia, with a GDP of US$1.09 trillion in 2024, is diversifying into high-growth sectors under Vision 2030, with its tourism sector projected to reach US$110.1 billion by 2033, growing at a CAGR of 8.4% from 2024 [4] - WeRide's autonomous vehicles support the Kingdom's efforts to develop a smart transport infrastructure for both residents and tourists [4] - The deployment of WeRide's Robosweeper S1 at King Fahad Medical City marks the first monetized autonomous sanitation project in the region, addressing the complex sanitation needs of the largest medical complex in the Middle East [5] Strategic Partnerships - WeRide has expanded its strategic partnership with Uber to bring Robotaxis to 15 additional cities globally over the next five years, including in Europe, while exploring opportunities in the Middle East [8] - The successful launch of Robotaxi services in Abu Dhabi, which features the largest public commercial Robotaxi fleet outside the US and China, has set a precedent for further expansion [8][7] Company Overview - WeRide is recognized as a global leader in the autonomous driving industry and is the first publicly traded Robotaxi company, with operations in over 30 cities across 10 countries [9] - The company has received autonomous driving permits in five markets: China, the UAE, Singapore, France, and the US, showcasing its regulatory compliance and technological capabilities [9]