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PARIS - WeRide (Market cap: $2.79 billion), a pioneer in autonomous driving technology, is teaming up with Renault Group for the second year in a row to offer a Level-4 autonomous minibus service at the 2025 Roland-Garros tournament. According to InvestingPro data, WeRide has maintained a strong financial position with a healthy current ratio of 13.6x, suggesting robust operational flexibility. This collaboration underlines the successful partnership between the two companies, with the Robobus service demonstrating its reliability and safety in a complex urban environment.
The Robobus shuttles attendees over a 2.8km route, linking key points around the Roland-Garros venue, and operates daily with extended hours during the tournament, including a new night service to accommodate guests. Despite the challenges of operating at night, the service runs smoothly, ensuring convenient and accessible transportation for visitors.
Tony Han, founder and CEO of WeRide, expressed enthusiasm for the return of the Robobus service, emphasizing its role in advancing the commercialization of autonomous mobility in Europe. Han highlighted the readiness of WeRide’s technology for real-world application and the company’s expansion efforts across the region.
Patrick Vergelas, Autonomous Mobility Project Manager of Renault Group, noted the shift from questioning societal readiness for autonomous public transport to witnessing its acceptance. He pointed out that the autonomous minibuses represent a vision of safer, more efficient, and sustainable public transport, already in action from Roland-Garros to Barcelona.
The partnership between WeRide and Renault Group extends beyond Roland-Garros. In March, they launched Europe’s first fully driverless commercial Robobus deployment in the Drôme region of France. Additionally, they conducted a trial service in central Barcelona, marking their first test in Spain of a Level-4 autonomous vehicle for public transport. Analysts maintain a bullish outlook on WeRide’s expansion efforts, with price targets ranging from $13 to $21 per share. For detailed analysis and growth projections, check out the comprehensive research available on InvestingPro.
The Robobus, powered by WeRide’s proprietary autonomous driving system, has been commercially deployed on a large scale, supporting low-carbon transportation in nearly 30 cities worldwide. WeRide holds the distinction of being the first Robotaxi company to go public and the only technology company with autonomous driving permits in five markets, including China, the UAE, Singapore, France, and the US.
This news is based on a press release statement from WeRide Inc. The company’s ongoing efforts to expand autonomous mobility solutions reflect a growing trend towards integrating advanced technology into public transportation systems. With revenue of $49.92 million in the last twelve months and a projected revenue growth of 133% for FY2025, WeRide shows promising expansion potential. Discover more insights about WeRide and other autonomous technology companies in InvestingPro’s exclusive research reports, which offer comprehensive analysis of over 1,400 US-listed companies.
In other recent news, WeWrite reported a 1.8% increase in total revenue, reaching $72.4 million for the first quarter of 2025. The company’s product revenue showed significant growth, climbing 46.7% to $9.5 million, while the net loss decreased by 17.7% to $385.1 million. WeWrite is actively expanding its global robotaxi services, particularly in partnership with Uber, which includes plans for deployment in 15 new cities. Additionally, Uber has committed to an additional $100 million equity investment in WeWrite, highlighting confidence in the company’s autonomous mobility capabilities. The company has also authorized a $100 million share repurchase program, signaling optimism about its growth trajectory. Analyst firm Morgan Stanley noted the expansion of WeWrite’s collaboration with Uber as a testament to their operational excellence. Despite potential challenges, WeWrite’s strategic focus on partnerships and market expansion positions it well in the autonomous vehicle sector.
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