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WeRide Robotaxi Secures Autonomous Driving Permit in Saudi Arabia, Products Now Licensed in Six Countries
Globenewswire· 2025-07-28 10:39
Core Insights - WeRide has received Saudi Arabia's first Robotaxi autonomous driving permit, making it the only technology company with such permits in six countries [1][9] - The company is authorized to operate an autonomous vehicle business and deploy Robotaxis nationwide, starting pilot operations in Riyadh in collaboration with Uber and local partner Ai Driver [2][3] Company Developments - The pilot program launched covers key locations in Riyadh, including King Khalid International Airport and major highways, with a full-scale commercial service expected by the end of 2025 [3][4] - WeRide's Robotaxi completed the TGA's Regulatory Sandbox for AV Piloting, involving rigorous testing and assessments to ensure safety and performance [5] - The permit is seen as a significant step in WeRide's global expansion, enabling large-scale deployment and new revenue streams in Saudi Arabia [6] Regional Expansion - WeRide entered the Saudi market in May 2025 and has been testing its Robobus in various locations, including King Fahad Medical City and Aramco residential communities [7] - The company is also expanding its Robotaxi services in the Middle East, with ongoing fully driverless testing in Abu Dhabi and plans to extend services to Dubai [8] Industry Position - WeRide is recognized as a leader in the autonomous driving industry, being the first publicly traded Robotaxi company and having tested vehicles in over 30 cities across 10 countries [9]
沙特迎来首个Robotaxi试运营,文远知行抢占又一国际市场!
Ge Long Hui· 2025-07-23 13:43
Core Viewpoint - WeRide has officially launched Saudi Arabia's first Robotaxi trial operation service in Riyadh, marking a significant milestone in the company's international expansion and demonstrating its leadership in the Robotaxi commercialization sector [1][6]. Group 1: Launch Details - The Robotaxi trial operation service commenced on July 23, 2025, and is the only one of its kind in Saudi Arabia [1]. - The service will operate under the supervision of the Saudi Transport General Authority (TGA) and will cover key areas including King Khalid International Airport and various central locations in Riyadh [3][5]. - The initial fleet consists of several Robotaxis provided by WeRide, which will be accessible through the Uber platform [3]. Group 2: Strategic Partnerships - This launch represents the third market where WeRide has collaborated with Uber, following successful implementations in Abu Dhabi and Dubai [5]. - The trial operation aligns with Saudi Arabia's "National Transport and Logistics Strategy" and "Vision 2030," aiming to provide safe, reliable, and innovative transportation solutions [6]. Group 3: Leadership Statements - WeRide's CFO, Li Xuan, emphasized the company's commitment to contributing to Saudi Arabia's Vision 2030 and highlighted the importance of partnerships with TGA, Uber, and AiDriver [7]. - Saudi Transport and Logistics Minister, H.E. Eng. Saleh Al-Jasser, noted that the Robotaxi pilot reflects the kingdom's forward-looking vision and strategic investments in innovative technologies [7]. - TGA's acting chairman, Rumaih Al-Rumaih, stated that the pilot is a crucial step in assessing the practical application of autonomous driving technology [7]. Group 4: Technological Contributions - WeRide played a key role in the initial regulatory communications and the registration of Saudi Arabia's first Robotaxi [9]. - The company also led the localization of model training and integration with the Uber application, showcasing its technical flexibility and agility in international expansion [9]. - In addition to the Robotaxi service, WeRide has also launched other autonomous driving products, including Robobus and Robosweeper S1, in various locations across Saudi Arabia [9].
WeRide Launches Southeast Asia’s First Fully Driverless Robobus Operations at Resorts World Sentosa, Singapore
GlobeNewswire· 2025-07-17 09:52
Core Insights - WeRide has launched fully driverless Robobus operations at Resorts World Sentosa, Singapore, marking the first autonomous vehicle in Southeast Asia to operate without a safety officer on board [1][2][4] Company Developments - WeRide received approval from the Land Transport Authority of Singapore (LTA) after extensive testing and safety assessments, allowing the Robobus to offer fully autonomous rides to the public [2][9] - The Robobus has been operational since June 2024, transporting tens of thousands of passengers and maintaining a zero-incident safety record [2][5] - The Robobus operates on a fixed 12-minute loop connecting key points within Resorts World Sentosa, utilizing advanced LIDAR, cameras, and sensors for obstacle detection [5] Industry Impact - The launch is seen as a significant milestone for the future of mobility in Southeast Asia, with WeRide's vehicles expected to transform public transportation [4][6] - Singapore's government plans to integrate autonomous vehicles into the national public transport network by the end of 2025, aligning with WeRide's operations [6][9] - WeRide has established a dedicated R&D center in Singapore to advance autonomous vehicle innovation, supported by the Singapore Economic Development Board [6][12] Future Collaborations - WeRide aims to strengthen collaborations with LTA and various stakeholders to introduce more validated products and scalable business models across Singapore and Southeast Asia [11][12]
Why WeRide Stock Soared Higher This Week
The Motley Fool· 2025-05-30 18:57
Core Insights - WeRide's stock experienced a significant increase, rising as much as 16.8% earlier in the week, attributed to the company's announcement of a major expansion into Saudi Arabia in partnership with Uber [1][2]. Expansion Plans - WeRide is set to launch operations in Saudi Arabia, with its robotaxis expected to be available to the public via Uber by the end of the year [2]. - The company also introduced the Robosweeper S1, an autonomous sanitation vehicle, in Riyadh, marking it as the first monetized autonomous sanitation project in Saudi Arabia and the Middle East [3]. Financial Strategies - WeRide announced a substantial share repurchase program of up to $100 million over the next 12 months, indicating leadership's confidence in the company's future and commitment to shareholder value [5][6]. - The CFO emphasized that the share repurchase program reflects confidence in the company's business fundamentals and long-term outlook [6]. Competitive Landscape - WeRide is gaining early success in the autonomous vehicle market, competing against major players like Tesla and Waymo, although it still operates at a loss, which is common for companies in this stage [7].
从接驳到环卫:文远知行进入沙特市场,打造自动驾驶生态链
Nan Fang Du Shi Bao· 2025-05-29 10:44
Core Insights - The article highlights the strategic expansion of the Chinese autonomous driving company, WeRide (文远知行), into the Saudi Arabian market, marking a significant step in its global layout [2][5] - WeRide's deployment in Saudi Arabia includes a comprehensive ecosystem of autonomous vehicles, including Robotaxi, Robobus, and Robosweeper, aimed at addressing various transportation needs [2][3] Group 1: Market Expansion - WeRide has officially announced its market expansion strategy in Saudi Arabia, which aligns with the country's Vision 2030 to transform 25% of public transportation to autonomous driving by 2030 [2][3] - The company has completed preliminary testing and plans to launch Robotaxi services through the Uber platform in the coming months, with full commercialization expected by 2025 [2][3] Group 2: Product Deployment - The Robobus has been tested in high-traffic areas such as the King Fahd Medical City and Aramco employee communities, demonstrating its ability to operate reliably in extreme temperatures [3] - The Robobus is designed to complement the newly opened Riyadh Metro, addressing the "last mile" transportation challenge [3] Group 3: Competitive Positioning - WeRide's localized adaptation capabilities are seen as a key to unlocking the Saudi market, contrasting with Western companies that often struggle with standardized technology [3] - The company has expanded its Robotaxi services in Abu Dhabi and plans to deploy in Dubai, further solidifying its presence in the Middle East [4][5] Group 4: Global Collaboration - WeRide has established a global partnership network, holding Robotaxi licenses in multiple countries, including the U.S., South Korea, and Luxembourg, enhancing its collaborative ecosystem [5] - The partnership with Uber aims to expand Robotaxi services to 15 additional international cities over the next five years, showcasing the company's commitment to global urban mobility solutions [4][5]
文远知行三大自动驾驶产品落地沙特,加速中东智能交通变革
Jin Tou Wang· 2025-05-28 03:00
Group 1 - WeRide has officially launched its market expansion strategy in Saudi Arabia, marking a significant step in the company's global business layout [1] - The company has completed testing and deployment of its autonomous driving products, including Robotaxi, Robobus, and Robosweeper, in major Saudi cities such as Riyadh and Al-Ula, laying a solid foundation for future large-scale commercial operations [1][3] - WeRide plans to launch a trial operation of Robotaxi on the Uber platform in the coming months, with a full commercial rollout expected in 2025, contributing to road safety and traffic management efficiency in Saudi cities [3] Group 2 - The Robobus service has been deployed in key areas of Saudi Arabia, providing seamless connections between parks, tourist attractions, and new cities, effectively addressing the "last mile" transportation challenge [5] - The Robosweeper S1 has commenced operations at the King Fahd Medical City in Riyadh, marking the first commercial deployment of an autonomous street cleaning vehicle in the Middle East, showcasing its capability in complex environments [5] - Saudi Arabia's tourism market is projected to reach $110.1 billion by 2033, with an annual compound growth rate of 8.4% from 2024 to 2033, indicating a growing demand for efficient transportation services that WeRide's products can fulfill [7]
WeRide Expands into Saudi Arabia with Launch of Robotaxi and More Autonomous Driving Products
Globenewswire· 2025-05-27 09:33
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]