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WeRide Stock Surges After Hours: What's Driving The Action? - WeRide (NASDAQ:WRD)

  • On May 5, 2025, Uber and WeRide revealed plans to extend their autonomous vehicle collaboration by launching services in 15 new cities worldwide over the next five years.
  • Building on a successful debut in Abu Dhabi, the expansion aims to introduce autonomous vehicle services to additional cities outside the US and China, including several locations across Europe.
  • WeRide's Robotaxi services will be integrated into the Uber app, with Uber managing fleet operations as part of WeRide's global growth strategy.
  • WeRide shares increased by 20.71% after hours to $8.27, reflecting investor confidence following the companies' description of the agreement as a major milestone and one of the largest collaborations of its nature.
  • This partnership aims to expand affordable autonomous driving services worldwide and demonstrates both companies' confidence in their technology and sustainable transportation goals.
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Benzinga broke the news in New York, United States on Monday, May 5, 2025.
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