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WeRide and Uber Roll Out Robotaxis in Dubai to Grow AV Reach
ZACKS· 2025-12-15 15:51
Core Insights - WeRide Inc. and Uber Technologies have partnered with Dubai's Roads and Transport Authority to launch robotaxi passenger rides in Dubai, specifically at Umm Suqeim and Jumeirah [1][9] Group 1: Partnership and Service Launch - The robotaxi service follows a pilot program announced in April 2025, currently operating with a vehicle specialist on board to ensure smooth service, with fully driverless commercial services expected to launch in early 2026 [2] - Riders can book the robotaxi service through the Autonomous option on the Uber app, with Tawasul managing the fleet of WeRide's vehicles during the initial testing phase [3][9] Group 2: Market Context and Goals - Dubai's population has surpassed 4 million, establishing it as a rapidly growing hub for technology, manufacturing, logistics, and e-commerce, with public transport and shared mobility trips reaching approximately 153 million in 2024 [4] - The introduction of the robotaxi service aligns with Dubai's goal of achieving 25% autonomous journeys by 2030 [4] Group 3: Company Performance - WeRide reported a significant revenue growth of 144.3% year-over-year, reaching RMB 171.0 million (approximately US$24.0 million) in Q3 2025, driven by global fleet expansion [6] - The share of robotaxi revenue increased to 20.7% of total revenues in Q3 2025, up from 5.8% in Q3 2024, indicating a growing focus on this segment [6][9] Group 4: Company Positioning - WeRide is positioning itself as a leader in global autonomous mobility, with approvals in eight markets including Singapore, Saudi Arabia, UAE, China, France, Switzerland, Belgium, and the United States [5]