Weride Inc operates in the autonomous driving sector, focusing on the development and deployment of self-driving technology
The company aims to revolutionize transportation by creating innovative mobility solutions that enhance the safety and efficiency of travel. Weride collaborates with various partners, including automotive manufacturers and technology firms, to advance its autonomous vehicle systems. With a commitment to research and development, Weride strives to deliver cutting-edge technologies that provide a seamless and reliable transportation experience for consumers and businesses alike.
Uber and WeRide launch autonomous mobility service in Abu Dhabi. AVs now available on Uber platform in UAE, with plans for full driverless service in 2025.Uber and WeRide team up to offer AV rides in Abu Dhabi, marking the first time autonomous vehicles are available on Uber outside the US.
WeRide (WRD) is a leader in autonomous driving technology, with a strong product lineup and global presence. Analyst Tim Hsiao initiated coverage with an Overweight rating and a price target of $23, highlighting the company's potential for growth in the rapidly expanding autonomous driving market. WeRide's partnerships and increasing commercialization efforts further support its long-term trajectory. WRD stock is down 2.10% at $18.88.
Invizyne Technologies opened on Nov. 13 at $11.10. Shares gained as much as 13% following the company's $15 million initial public offering. Additionally, Alpha Cognition opened on Nov. 12 at $7.00.
Pony.ai, a leading Chinese autonomous vehicle technology company, plans to raise up to $184.9 million through its IPO on the Nasdaq under the symbol PONY. The company has strong partnerships and unique licenses in China, and plans to use the proceeds for market expansion and R&D.
Ingram Micro and its private equity owner, Platinum Equity, sold 18.6 million shares at $22 each as the technology distributor returned to public trading in a busy week for the IPO market.
