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WeRide

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WeRide Inc operates in the autonomous driving industry. The company has developed a universal autonomous driving technology platform that integrates full-stack software algorithms, modularized hardware solutions, and a cloud-based infrastructure platform. The company provides autonomous driving products and services from L2 to L4 vehicles. The products of the company includes Robotaxi, Robobus, Robovan, Robosweeper, and others. The company earns its revenue from the People's Republic of China.

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Hesai Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>), the global leader in lidar technology for automotive mobility and robotics application, today announced that its lidar solution have been selected by WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) to power its autonomous vehicles, which will begin operating on Uber Technologies, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) platform in Dubai as part of the city's 2030 smart mobility initiative. This marks a key moment in the development of autonomous transportation in the Middle East.
Each of the autonomous vehicles will be equipped with four Hesai automotive-grade long-range lidars. As Dubai aims to transform 25% of all journeys in the city into autonomous trips across various transport modes by 2030, the market represents a significant opportunity for the expansion of autonomous vehicle services and plays a key role in shaping the future of mobility.
Renowned for its safe and reliable performance, WeRide made history in July 2023 by securing the UAE's first national license for self-driving vehicles on public roads—the first national-level driverless license in the Middle East and even globally, covering all types of autonomous vehicles (AVs). WeRide's latest launch in Dubai follows its successful robotaxi launch in Abu Dhabi in 2021.

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Hesai Technology's Lidar Solution Selected By WeRide To Power Autonomous Vehicles On Uber's Platform In Dubai, Supporting The City's 2030 Smart Mobility Initiative And Expanding Autonomous Transportation In The Middle East

Uber Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)&nbsp;and WeRide, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44601468/uber-and-weride-partner-with-dubais-road-and-transport-authority-to-bring-autonomous-vehicles-to-d" rel="noreferrer noopener">announced a partnership</a> with Dubai&#8217;s Road and Transport Authority (RTA).
The partnership aims to help Uber make autonomous vehicles an accessible and reliable part of everyday life in Dubai, beginning with WeRide as the first technology partner.
RTA Director General and Board Chair Mattar Al Tayer mentioned the partnership represents a crucial step in advancing Dubai&#8217;s Self-Driving Transport Strategy, which aims to transform 25% of all journeys in the city into autonomous trips across various transport modes by 2030.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/03/44534512/pony-ai-expands-in-china-with-cross-district-robotaxi-network" rel="noreferrer noopener">Pony AI Expands In China With Cross-District Robotaxi Network</a>
Uber and RTA will collaborate on pilot programs, leveraging Uber&#8217;s technology to match riders with AVs while ensuring a seamless and user-friendly experience. The partnership will also explore data insights, safety protocols, and regulatory frameworks to support a smooth transition to autonomous mobility in Dubai.
WeRide became the first AV provider to secure the UAE&#8217;s national license for self-driving vehicles in July 2023. The Dubai launch follows the WeRide AVs commercial launch in Abu Dhabi on Uber <a target="_blank" href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi" rel="noreferrer noopener">in December 2024</a>.
The&nbsp;global autonomous driving market&nbsp;could grow at an 80% compound annual growth rate from $93 billion in 2025 to $1.745 trillion by 2030. The market has a growth potential of 85% CAGR for China, reaching $639 billion by 2030.
President&nbsp;Donald Trump&#8217;s <a target="_blank" href="https://www.benzinga.com/25/01/42859391/uber-and-lyft-adapt-robotaxi-strategy-to-compete-in-tesla-and-waymos-market" rel="noreferrer noopener">positive stance on</a> autonomous vehicles posed a breather for companies indulging in the sector after getting hit by the 2020 pandemic.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) chief&nbsp;Elon Musk&nbsp;expects the EV giant&#8217;s&nbsp;robotaxi fleet to&nbsp;function like a&nbsp;combination of&nbsp;Airbnb, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Uber.
The Future Fund&#8217;s Gary Black expects vehicle owners to make $40000 annually by renting EVs to the robotaxi fleet.
Price Actions: At the last check on Wednesday, UBER stock was down 0.88% to $72.34 in the premarket session, while WRD was down 0.87%.
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Photo via WeRide

Tech

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Uber Teams Up With WeRide To Bring Self-Driving Cars To Dubai

As part of the agreement, Uber and RTA will collaborate on pilot programs, leveraging Uber's technology to match riders with AVs while ensuring a seamless and user-friendly experience. The partnership will also explore data insights, safety protocols, and regulatory frameworks to support a smooth transition to autonomous mobility in Dubai.

Uber and WeRide Join Forces With Dubai's RTA To Launch Autonomous Vehicles

WeRide's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NYSE">WRD</a>) short percent of float has risen 47.06% since its last report. The company recently reported that it has 438 thousand shares sold short, which is 0.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>WeRide Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743176722_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for WeRide has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing WeRide's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, WeRide's peer group average for short interest as a percentage of float is 8.15%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into WeRide's Recent Short Interest

On Friday, Pony AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>)&nbsp;became the first company authorized to operate a paid, fully driverless robotaxis in&nbsp;Shenzhen&#8217;s&nbsp;Nanshan District <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44530370/pony-ai-wins-first-permit-for-fully-driverless-robotaxi-operation-in-shenzhens-city-centers" rel="noreferrer noopener">on&nbsp;March 27</a>.
The company expanded commercial operations to connect Nanshan with its existing service zone in Baoan District, covering two of&nbsp;Shenzhen&#8217;s&nbsp;most dynamic urban areas.
Nanshan District&nbsp;is Shenzhen&#8217;s&nbsp;economic powerhouse, with a GDP nearing&nbsp;1 trillion Chinese yuan&nbsp;in 2024 and close to 2 million residents, surpassing cities like&nbsp;San Francisco.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43828018/baidus-ai-cloud-robotaxi-growth-and-accelerated-buybacks-position-it-for-a-strong-2025-analyst" rel="noreferrer noopener">Baidu&#8217;s AI Cloud, Robotaxi Growth And Accelerated Buybacks Position It For Strong 2025: Analyst</a>
This expansion builds on&nbsp;Pony.ai&#8217;s successful launch of robotaxi services in&nbsp;Shenzhen&#8217;s&nbsp;Baoan District in 2024, where more than 4 million people reside.
The latest permit enables the company to establish&nbsp;Shenzhen&#8217;s&nbsp;first cross-district driverless network, linking Nanshan&#8217;s tech hubs (including Qianhai, Houhai, and Shenzhen Bay) with Baoan&#8217;s central areas and critical infrastructure such as Shenzhen Baoan International Airport. Commuters now enjoy seamless connectivity between business, residential, and transport hubs.
The company continues to lead autonomous mobility innovation across&nbsp;China&#8217;s&nbsp;tier-1 cities. Fully driverless robotaxis in&nbsp;Beijing&nbsp;and&nbsp;Guangzhou&nbsp;averaged over 15 daily paid rides per vehicle in the first six months of 2024.
Pony AI&nbsp;has accumulated nearly 45 million kilometers in autonomous testing, including 5 million kilometers in driverless mode.
Pony AI stock declined over 15% in the last 12 months. Pony AI reported a <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44473549/pony-ai-q4-revenue-slumps-nearly-30-as-robotaxi-sales-decline-loss-widens" rel="noreferrer noopener">fourth-quarter sales</a> decline of 29.8% to $35.52 million. Robotaxi services&nbsp;revenue dipped 61.9% to $2.6 million. Robotruck services&nbsp;revenue surged 72.7% to $12.9 million.
The company reported an adjusted EPS loss of 31 cents versus 20 cents loss&nbsp;a year ago.
<h1 class="wp-block-heading">Other Robotaxi Services</h1>
In February, <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/02/43918424/werides-gxr-robotaxi-launches-first-fully-driverless-commercial-service-in-beijing-details" rel="noreferrer noopener">Chinese autonomous startup</a>&nbsp;WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) bagged approval to deploy its latest Robotaxi, the GXR, for fully&nbsp;driverless ride-hailing services in Beijing.
It marks the WeRide&#8217;s second Robotaxi model to operate without a safety driver in the city and GXR&#8217;s first major commercial rollout in China, following its debut on&nbsp;Uber Technologies, Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) platform in Abu Dhabi last December.
In March, <a target="_blank" href="https://www.benzinga.com/25/03/44392619/elon-musks-tesla-secures-first-approval-towards-rolling-out-robotaxi-in-california" rel="noreferrer noopener">the California Public Utilities Commission</a> (CPUC) approved Tesla Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) application for a transportation charter-party carrier permit (TCP), which allows the company to manage a fleet of vehicles for pre-arranged trips.
Elon Musk pivoted to robotaxis amid slowing sales, promising driverless services in California and Texas this year. In October, Tesla launched the&nbsp;Cybercab, a concept robotaxi without steering or pedals.
Price Action: PONY stock is up 1.38% at $10.30 premarket at last check Friday.
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Image via Pony AI

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Pony AI Expands In China With Cross-District Robotaxi Network

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Shares of auto-related stocks are trading lower after the White House announced that President Trump will introduce new tariffs on auto imports during a press conference on Wednesday.

On Wednesday, Uber Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) <a target="_blank" href="https://www.benzinga.com/topic/grab" rel="noreferrer noopener">Singaporean rival</a>&nbsp;Grab Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>)&nbsp;discussed raising a loan of up to $2 billion to back its potential takeover of Indonesian rival&nbsp;GoTo Group.
The bridge loan could have a tenor of about 12 months, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-26/grab-seeks-up-to-2-billion-loan-for-potential-takeover-of-goto?srnd=homepage-asia&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>, citing unnamed sources familiar with the matter.
GoTo offers mobility and food delivery services.
Also Read: <a href="https://www.benzinga.com/25/03/44281974/alibaba-grab-tencent-meituan-gear-up-for-growth-as-china-bets-on-services-to-revive-economy" target="_blank" rel="noreferrer noopener">Alibaba, Grab, Tencent, Meituan Gear Up For Growth As China Bets On Services To Revive Economy</a>
Grab is moving ahead with due diligence and is in talks about the structure of a deal that could fetch over $7 billion. It&#8217;s also eyeing a bond or equity takeout after the firm bags the bridge loan.
Autonomous Vehicles: Grab collaborated with four <a href="https://www.benzinga.com/news/25/03/44224370/grab-teams-up-with-global-self-driving-firms-eyes-future-of-ride-hailing-in-southeast-asia" target="_blank" rel="noreferrer noopener">autonomous technology companies</a> from China, the U.S., and South Korea to explore self-driving solutions across Southeast Asia. The partner companies included China's WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) and Zelos, Boston's Motional, and South Korea's Autonomous A2Z.
Grab reported <a href="https://www.benzinga.com/news/earnings/25/02/43853508/grab-q4-on-demand-incentives-grow-due-to-competition-issues-cautious-fy25-outlook-despite-strong-gmv-and-user-growth" target="_blank" rel="noreferrer noopener">fourth-quarter fiscal 2024</a> revenue growth of 17% to $764.00 million, beating the consensus of $757.61 million. EPS of 1 cent beat the consensus loss of 1 cent.
Grab projects revenue between $3.33 billion and $3.4 billion compared to a consensus of $3.398 billion, signifying caution around a Southeast Asian ride-hailing and food delivery market. 
Grab went public in 2020 after merging with a special purpose acquisition company (SPAC). The company&#8217;s valuation is roughly $18.3 billion.
Price Action:&nbsp;GRAB stock is up 1.76% at $4.62 premarket at the last check on Wednesday.
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Image: Shutterstock

Media

GRAB

Singapore's Grab Eyes $2 Billion Loan To Finance $7 Billion GoTo Deal

-Wall Street Journal Citing Interview

WeRide CEO Said Aims To Grow Fleet To Over 5,000 Robotaxis Within Next Three Years; Said To Partner With Uber On Launch Of Robotaxis in Abu Dhabi

WeRide shares are trading higher after the company reported better-than-expected FY24 revenue results.

WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) shares are trading higher on Friday. Total revenue for the fourth quarter was RMB140.8 million ($19.3 million), down from <a href="https://www.benzinga.com//node/44323329">RMB144.8 million in the same period of 2023.</a>
The company&#8217;s fourth-quarter product revenue jumped to RMB51.7M million ($7.1 million), driven by strong sales of robotaxis, robosweepers, and robovans. Service revenue declined to RMB89.1 million ($12.2 million) due to lower revenue from ADAS research and development services.
Non-IFRS adjusted net loss&nbsp;was RMB245.5 million ($33.6 million), compared to RMB115.7 million in the year-ago quarter.
As of Dec 31, 2024, WeRide held $669.7 million in cash and deposits, plus $238.7 million in financial assets.
WeRide is accelerating its global expansion with key launches across the Middle East, <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/02/43918424/werides-gxr-robotaxi-launches-first-fully-driverless-commercial-service-in-beijing-details" rel="noreferrer noopener">China</a>, and <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/44041348/werides-robobus-rolls-out-in-france-with-renault-beti-backing-details" rel="noreferrer noopener">Europe</a>. In Abu Dhabi, the company is scaling its robotaxi fleet in partnership with Uber, targeting 50 vehicles by mid-2025 and expanding coverage across major city routes.
In March 2025, WeRide officially secured the permit to conduct commercial robotaxi ride-hailing services between the Beijing Economic-Technological Development Area and Beijing South Railway Station.
In Europe, WeRide entered Switzerland as the tech provider for the country's first autonomous robotaxi pilot project, backed by the Canton of Zurich and Swiss Railways.
Jennifer Li, WeRide's Chief Financial Officer, commented, &#8220;Amidst a challenging macro environment, we adopted a comprehensive approach in 2024 to optimize revenue and customer structure through internationalization, competitive pricing, and strategic partnerships. This strategy delivered meaningful results in 2024, including achieving record-high robotaxi revenue and the strongest growth of international revenue since company's inception.&#8221;
For the full-year, total revenue declined to RMB361.1 million ($49.5 million) from RMB401.8 million in 2023.
Price Action: WRD shares are trading higher by 2.34% to $16.65 at the last check Friday.
Image Source: WeRide Inc.

Earnings

Equities

WeRide Stock Rises Despite Q4 Revenue Dip, Product Revenue Jumps

WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) reported quarterly losses of $(3.51) per share. The company reported quarterly sales of $49.50 million which beat the analyst consensus estimate of $48.53 million by 2.00 percent.

Earnings Beats

WeRide FY 2024 GAAP EPADS $(3.51), Sales $49.50M Beat $48.53M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Hudson Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSON#NASDAQ">HSON</a>) is projected to report quarterly loss at $0.06 per share on revenue of $37.17 million. 
• American Vanguard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVD#NYSE">AVD</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $170.00 million. 
• WideOpenWest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) is likely to report quarterly loss at $0.13 per share on revenue of $154.05 million. 
• Buckle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKE#NYSE">BKE</a>) is expected to report quarterly earnings at $1.44 per share on revenue of $379.14 million. 
• Emerald Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $108.05 million. 
• AirSculpt Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRS#NASDAQ">AIRS</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $38.99 million. 
• RLX Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) is projected to report earnings for its fourth quarter. 
• Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) is expected to report earnings for its fourth quarter. 
• MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $726.90 million. 
• Bit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) is projected to report quarterly loss at $0.03 per share on revenue of $24.76 million. 
• DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is estimated to report earnings for its fourth quarter. 
• WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) is likely to report earnings for its fourth quarter. 
• Gogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $97.80 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Creative Realities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREX#NASDAQ">CREX</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $16.53 million. 
• FutureFuel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FF#NYSE">FF</a>) is estimated to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 14, 2025

Reported Earlier, WeRide Gets Green Light For Commercial Robotaxi Operations In Central Beijing, Connecting To South Railway Station

Grab Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) collaborated with four <a target="_blank" href="https://www.benzinga.com/topic/autonomous-vehicles" rel="noreferrer noopener">autonomous technology companies</a> from China, the U.S., and South Korea to explore self-driving solutions for its mobility and delivery services<a target="_blank" href="https://www.grab.com/sg/press/others/grab-partners-with-autonomous-technology-companies-to-assess-impact-of-autonomous-vehicles-in-southeast-asia/" rel="noreferrer noopener"> across Southeast Asia</a>.
The Singapore ride-hailing company inked a memorandum of understanding with China&#8217;s WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) and Zelos, Boston&#8217;s Motional, and South Korea&#8217;s&nbsp;Autonomous A2Z.
Grab said it would assess various delivery and mobility services technologies, such as shuttles, buses, and cars.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44195821/taiwan-semiconductor-chief-says-us-expansion-driven-by-ai-and-smartphone-boom-warns-of-supply-shortage" rel="noreferrer noopener">Taiwan Semiconductor Chief Says US Expansion Not Driven By Political Pressure, But AI Boom, Warns of Supply Shortage</a>
Co-founder and CEO Anthony Tan noted autonomous vehicle technology&#8217;s impact on Southeast Asia&#8217;s transportation landscape remains largely unexplored.
Grab Holdings&nbsp;reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43853508/grab-q4-on-demand-incentives-grow-due-to-competition-issues-cautious-fy25-outlook-despite-strong-gmv-and-user-growth" rel="noreferrer noopener">fourth-quarter&nbsp;fiscal 2024</a> revenue growth of 17% to $764.00 million, beating the&nbsp;consensus of $757.61 million.&nbsp;
EPS of $0.01 beat the&nbsp;consensus loss of $(0.01).
Grab projected fiscal 2025 revenue of $3.33 billion–$3.40 billion versus&nbsp;a consensus of $3.398 billion, implying caution around a Southeast Asian ride-hailing and food delivery market.
<a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/02/44017638/chinas-baidu-and-catl-team-up-to-build-next-gen-driverless-evs-integrating-advanced-battery-and-chassis-tech" rel="noreferrer noopener">According to CIC</a>, the&nbsp;global autonomous driving market&nbsp;could grow at an 80% compound annual growth rate from $93 billion in 2025 to $1.745 trillion by 2030. For China, the market could grow at 85% CAGR, reaching $639 billion by 2030.
Price Action:&nbsp;GRAB stock is down 9.48% at $4.15 at the last check on Monday.
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Grab Teams Up With Global Self-Driving Firms, Eyes Future of Ride-Hailing In Southeast Asia

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Shares of auto-related companies are trading lower amid overall market weakness following a rise in Treasury yields as well as trade uncertainty. The sector reversed despite yesterday's highs after investors evaluated President Trump's plan to make interest payments on car loans tax deductible for US-made vehicles and a potential auto tariff delay.

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Shares of auto-related companies are trading lower amid overall market uncertainty after President Trump confirmed March 4 tariffs.

WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) announced the first European fully autonomous&nbsp;commercial <a target="_blank" href="https://www.benzinga.com//node/44030953" rel="noreferrer noopener">deployment of its Robobus</a> as part of a shuttle service collaboration with beti, Renault Group, and Macif.
This initiative brings an L4-level automated mobility solution to the Drôme area in France. The shuttle service will operate on open roads alongside mixed traffic, offering adaptable and eco-friendly transportation alternatives.
The Robobus will operate on a 3.3-kilometer route, with stops at the Valence TGV station, long-term parking, a business park's catering hub, and a group of 150 companies.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/44018649/spacex-rocket-launches-intuitive-machines-athena-lander-details" rel="noreferrer noopener">SpaceX Rocket Launches Intuitive Machines&#8217; Athena Lander: Details</a>
&#8220;Our collaboration with beti allows us to execute our inaugural commercial Robobus deployment in Europe, utilizing our proven track record in the Chinese, Singaporean, and Middle Eastern markets, and ultimately reinforcing our position as a global leader in L4 autonomous driving deployment and commercialization,&#8221; said CFO and Head of International Business, Jennifer Li.
Beginning March 10, Beti Automated Mobility will launch the service with a fleet of six-meter-long Robobuses, each capable of carrying up to eight passengers.
Benjamin Beaudet, CEO of beti, emphasized that the company's "hypervision" solution will add an additional layer of safety, ensuring continuous enhancements to the automated driving technology.
The trial period will run from March 10 to April 19, operating under real passenger transport conditions. This phase aims to test the technology&#8217;s efficiency and safety, before the service fully launches in July.
The service will serve several key functions, such as connecting the train station with nearby companies, providing a low-carbon transport alternative, and facilitating connections between employees and the business park's catering hub.
Price Action: WRD shares are trading lower by 4.08% at $19.01 in premarket at last check Friday.
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Source: WeRide Inc.

General

WeRide's Robobus Rolls Out In France With Renault & Beti Backing: Details

WeRide will provide its L4-level autonomous technology for a passenger transport service on open roads in mixed traffic, with several six-meter-long robobuses, each able to carry eight passengers, operated by beti Automated Mobility. Beti Automated Mobility will begin operations on March 10, at the Rovaltain business park – Valence TGV station in Drôme.

Reported Earlier, WeRide Launches First Fully Driverless Commercial Robobus Service In Europe With Beti, Renault, And Macif

On Thursday, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>)&nbsp;and electric vehicle battery giant Contemporary Amperex Technology Co will jointly explore the development of <a target="_blank" href="https://www.benzinga.com/topic/autonomous-driving" rel="noreferrer noopener">&#8220;competitive&#8221; driverless vehicles</a> and innovative business models.
The companies will develop and apply CATL&#8217;s power batteries, battery swapping products and services, and skateboard chassis technology in driverless vehicles, Reuters reports.
Baidu&#8217;s fourth-quarter <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/43806974/baidus-robotaxi-service-hits-1-1-million-paid-rides-in-q4-expands-to-hong-kong-as-1st-operator-allowed-to-test-autonomous-vehicles" rel="noreferrer noopener">robotaxi service reached</a> 1.1 million paid rides in&nbsp;the quarter, up 36%.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/40977069/alibaba-teams-up-with-nvidia-to-supercharge-evs-for-chinese-automakers-report" rel="noreferrer noopener">Alibaba Teams Up With Nvidia to Supercharge EVs for Chinese Automakers: Report</a>
Robotaxi service implies a self-driving car that operates as a taxi.
Baidu&#8217;s Apollo Go is <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion" rel="noreferrer noopener">discussing expanding its</a> robotaxi services to global markets with companies. EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is also eying the same market.
WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/02/43918424/werides-gxr-robotaxi-launches-first-fully-driverless-commercial-service-in-beijing-details" rel="noreferrer noopener">recently won approval to</a> launch its GXR robotaxi in Beijing.
Last December, Uber Technologies, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and WeRide <a target="_blank" href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi" rel="noreferrer noopener">launched robotaxi service</a> in Abu Dhabi.
According to CIC, the&nbsp;global autonomous driving market&nbsp;could grow at an 80% compound annual growth rate from $93 billion in 2025 to $1.745 trillion by 2030. For China, the market could grow at 85% CAGR, reaching $639 billion by 2030.
Price Action: BIDU stock is up 0.02% to $89.20 at last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/25/02/43828018/baidus-ai-cloud-robotaxi-growth-and-accelerated-buybacks-position-it-for-a-strong-2025-analyst" target="_blank" rel="noreferrer noopener">Baidu&#8217;s AI Cloud, Robotaxi Growth And Accelerated Buybacks Position It For Strong 2025: Analyst</a></li>
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Photo by Robert Way via Shutterstock

BIDU

China's Baidu And CATL Team Up To Build Next-Gen Driverless EVs, Integrating Advanced Battery And Chassis Tech

WeRide shares are trading higher after the company launched its GXR Robotaxi full driverless commercial service in Beijing.

Press Releases

WeRide's Latest Robotaxi GXR to Start First Fully Unmanned Commercial Operations in Beijing

WeRide Makes First European Fully Driverless Commercial Robobus Deployment in France with Beti, Renault, Macif

WeRide to Announce Fourth Quarter and Full Year 2024 Financial Results on March 14, 2025

WeRide and Renault Group launch their first autonomous Robobus trial in Spain

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WeRide Launches Commercial Robotaxi Service in Beijing's Core Urban Area for the First Time at Beijing South Railway Station

Pioneering Autonomous Technology Drives Global Expansion and Commercial Market Growth

WeRide Inc. Files Its 2024 Annual Report on Form 20-F

WeRide Obtains France's Level-4 Driverless Permit, Becoming the Only Tech Company with Driverless Permits in Five Countries

Uber and WeRide Partner with Dubai's Road and Transport Authority to Bring Autonomous Vehicles to Dubai

Hesai Lidar Powers WeRide-Uber Autonomous Fleet in Dubai, Backing City's Self-Driving Vision

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