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WeRide Secures Strategic Equity Investment from Grab, Partners to Deploy Robotaxis and Autonomous Shuttles in Southeast Asia
Globenewswire· 2025-08-15 09:18
Core Insights - WeRide has announced a strategic equity investment from Grab to accelerate the deployment of Level 4 Robotaxis and shuttles in Southeast Asia, aiming to integrate WeRide's autonomous vehicles into Grab's network for improved service and safety [2][3][5] Investment and Partnership - Grab's investment is expected to be finalized by the first half of 2026, contingent on customary closing conditions and WeRide's preferred timing, supporting WeRide's growth strategy in Southeast Asia [3] - This partnership builds on a prior Memorandum of Understanding signed in March 2025, focusing on the technical feasibility, commercial viability, and job creation potential of autonomous vehicles in the region [8] Operational Integration - The collaboration will establish a framework for deploying autonomous solutions across Grab's network, enhancing operational efficiency and scalability [4] - WeRide will integrate its autonomous driving technology into Grab's fleet management, vehicle matching, and routing ecosystem [4][12] Vision and Goals - WeRide aims to deploy thousands of Robotaxis in Southeast Asia, aligning with local regulations and societal readiness, leveraging Grab's regional expertise in ride-hailing and digital services [5] - Grab emphasizes the need for reliable transportation in Southeast Asia, particularly in areas with driver shortages, and plans to test WeRide's vehicles in diverse environments to adapt the technology for regional needs [6] Technical Collaboration - The partnership will focus on optimizing dispatch and routing, maximizing vehicle uptime, measuring safety performance, remote monitoring, customer support, and training for driver-partners and local communities [12]
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]
WeRide to Announce Second Quarter 2025 Financial Results on July 31, 2025
Globenewswire· 2025-07-16 10:00
Company Overview - WeRide Inc. is a global leader in autonomous driving technology and the first publicly traded Robotaxi company [3] - The company has tested or operated its autonomous vehicles in over 30 cities across 10 countries [3] - WeRide is the first and only technology company to receive autonomous driving permits in five markets: China, the UAE, Singapore, France, and the US [3] - The WeRide One platform offers autonomous driving products and services ranging from Level 2 to Level 4, catering to mobility, logistics, and sanitation industries [3] - WeRide was recognized in Fortune Magazine's 2024 "The Future 50" list [3] Upcoming Financial Results - WeRide plans to release its second quarter 2025 financial results before the U.S. market opens on July 31, 2025 [1] - The management team will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day [1] - Participants must register online in advance to receive dial-in numbers and a unique access PIN for the conference call [1]
WeRide Teams Up with Renault to Bring Autonomous Shuttle to Roland-Garros Again
Globenewswire· 2025-06-03 10:21
Core Insights - WeRide partners with Renault Group to provide a Level-4 autonomous minibus shuttle service at the 2025 Roland-Garros tournament, marking the second consecutive year of collaboration [1][2] - The Robobus service has demonstrated safety and reliability in real-world environments, leading to the renewal of the partnership [2] - The service covers a distance of 2.8 km in 12 minutes, operating daily from May 25 to June 8, with added night service from 10 PM to midnight [3][4] Company Developments - WeRide's CEO emphasizes the importance of the European market and the company's commitment to commercializing autonomous mobility solutions [5] - The Robobus is the world's first pre-designed autonomous driving minibus deployed on a large scale, with a presence in nearly 30 cities globally [8] - WeRide has received autonomous driving permits in five markets, including France, and is recognized in Fortune Magazine's 2024 "The Future 50" list [9] Industry Trends - The partnership between WeRide and Renault reflects a growing trend towards the commercialization of autonomous public transport in Europe [6] - The successful operation of the Robobus service at a major sporting event indicates increasing public acceptance and readiness for autonomous mobility solutions [5][6] - The introduction of the night service showcases advancements in technology that allow for safe operation in complex urban environments [4]
WeRide Inc. Announces US$100 Million Share Repurchase Program
Globenewswire· 2025-05-21 09:10
Core Viewpoint - WeRide Inc. has authorized a share repurchase program to buy back up to US$100 million of its Class A ordinary shares over the next 12 months, reflecting confidence in its business fundamentals and long-term outlook [1][2]. Company Overview - WeRide is a global leader in the autonomous driving industry and the first publicly traded robotaxi company, with operations in over 30 cities across 10 countries [3]. - The company offers a versatile and adaptable autonomous driving platform, WeRide One, which addresses various transportation needs across mobility, logistics, and sanitation [3]. - WeRide was recognized in Fortune Magazine's 2024 "The Future 50" list, highlighting its innovative position in the industry [3]. Share Repurchase Program - The share repurchase program is intended to be executed in the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2]. - The program will be funded from the company's existing cash balance, demonstrating a commitment to returning capital to shareholders while investing in growth [2].
WeRide Launches Fully Driverless Robotaxi Trial Operations in Abu Dhabi, Broadens Service Coverage
GlobeNewswire News Room· 2025-05-16 06:00
Group 1 - WeRide has launched fully driverless Robotaxi trial operations in Abu Dhabi, marking the first deployment of its kind in the Middle East [1][3] - The Robotaxi service will expand to high-demand areas including Al Maryah Island and Al Reem Island, building on existing services in Yas Island and Saadiyat Island [2][3] - WeRide received the UAE's first national license for self-driving vehicles in July 2023, allowing for testing and operation on public roads nationwide [3] Group 2 - The company aims to progressively introduce commercial driverless rides and additional service areas starting summer 2025, pending regulatory approval [4] - WeRide operates in over 30 cities across 10 countries and holds driverless permits in multiple regions including China, the UAE, Singapore, France, and the US [7] - The company was recognized in Fortune Magazine's 2024 "The Future 50" list, highlighting its leadership in the autonomous driving industry [7]
WeRide to Announce First Quarter 2025 Financial Results on May 21, 2025
Globenewswire· 2025-05-08 10:00
Company Overview - WeRide Inc. is a global leader and first mover in the autonomous driving industry, recognized as the first publicly traded Robotaxi company [3] - The company offers autonomous driving products and services ranging from Level 2 to Level 4, catering to various transportation needs across multiple industries, including mobility, logistics, and sanitation [3] - WeRide has been acknowledged in Fortune Magazine's "2023 Change the World" list and named in the "2024 The Future 50" list [3] Upcoming Financial Results - WeRide plans to release its first quarter 2025 financial results before the U.S. market opens on May 21, 2025 [1] - The management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day [1] - Participants must register online in advance to receive dial-in numbers and a unique access PIN for the conference call [1]
WeRide Debuts First Fare-charging Level-4 Robobus Service in the Heart of Guangzhou
Globenewswire· 2025-05-02 13:14
Core Insights - WeRide has launched a paid commercial service for its Level-4 robobus in central Guangzhou, marking the city's first fare-charging autonomous bus line in the downtown area [1][4] - The robobus service aims to address the complex urban traffic conditions in Guangzhou, providing a safe and efficient transportation option for passengers [2][4] Group 1: Service Details - The robobus route covers a distance of 13.6 km in a loop, starting and ending at Meidong Road Terminal, with a full journey taking approximately 55 minutes [3] - Each robobus can carry up to six passengers and operates daily from 7 PM to 9 PM, with tickets priced at 10 RMB and a 50% discount during the trial period [3] Group 2: Technological and Operational Background - WeRide has been operating robobuses in open-road scenarios since 2022, accumulating three years of operational experience and technological competence [4] - The company obtained China's first commercial license for robobus operations in December 2023, specifically for the Huangpu District in Guangzhou [4] Group 3: International Expansion - WeRide is expanding its international presence, having launched the first fully driverless commercial robobus deployment in Europe in February 2025, in partnership with beti, Renault Group, and Macif [5] - The company now operates commercially across multiple international markets, including China, France, Switzerland, Singapore, and Japan [5][6]
WeRide Speeds Smart Logistics Commercialization with First Driverless Road Testing License for Robovan in Guangzhou
Globenewswire· 2025-04-30 11:29
Core Insights - Guangzhou Nansha District has launched its Autonomous Driving Test Base and Smart Transportation Demonstration Zone, granting WeRide the first driverless road testing licenses in the area [2][3] - WeRide's Robovan W5 is designed for urban freight and utilizes L4 autonomous driving technology, enhancing safety and reliability for public road testing [4][5] - The Robovan W5 features a cargo capacity of 5.5m³ and a driving range of up to 220km, supporting flexible storage configurations and multi-vehicle fleet management [5] Company Overview - WeRide is a global leader in the autonomous driving industry, operating in over 30 cities across 10 countries and holding driverless permits in multiple regions including China and the US [7] - The company aims to accelerate the commercialization of L4 driverless logistics vehicles, providing efficient logistics solutions to customers [6] - WeRide was recognized in Fortune Magazine's 2024 "The Future 50" list, highlighting its innovative contributions to the industry [7]