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Ras Al Khaimah Gets Its First Self-Driving Buses And Taxis Thanks To WeRide
WeRide Inc.WeRide Inc.(US:WRD) Yahoo Financeยท2025-10-02 10:49

Core Insights - WeRide launched its Robotaxi GXR and Robobus pilot services in Ras Al Khaimah, marking its first deployment in the emirate and expansion into its third UAE market [1] - The pilot integrates WeRide's autonomous vehicles into the public transport system of Ras Al Khaimah, making WeRide the sole partner in the emirate's smart mobility strategy [1][4] - The Robobus will initially operate across nine stops on Al Marjan Island, while the Robotaxi GXR will serve the city center, with commercial operations expected to start in early 2026 [3] Company Developments - His Highness Sheikh Saud bin Saqr Al Qasimi became the first passenger to ride the Robobus on public roads, highlighting the significance of the launch [2] - WeRide signed a Memorandum of Understanding with RAKTA to provide advanced technology, operational support, and training for the safe deployment of autonomous vehicles [4] - Despite the international expansion, WeRide's stock has underperformed, dropping over 27% year-to-date compared to rival Pony AI's over 60% returns [4] Regulatory Environment - A new policy from Beijing will require Chinese exporters of pure electric passenger vehicles to secure licenses starting January 1, 2026, tightening oversight of EV exports [5] - This regulatory change comes as WeRide pursues global growth, including securing a Dubai permit for Robotaxi trials and plans to scale its fleet from 50 to 1,000 Robotaxis by 2030 [6] Market Performance - WeRide's stock was trading higher by 2.71% to $10.60 premarket following the news of the pilot launch [6]