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DUBAI - WeRide (NASDAQ:WRD), a $3.1 billion market cap autonomous driving technology company, has secured a self-driving vehicle trial permit from Dubai’s Roads and Transport Authority to conduct Robotaxi trials in the city, according to a press release issued Friday. InvestingPro analysis indicates the company is currently trading below its Fair Value.
The autonomous driving technology company also won first place at the Dubai World Challenge for Self-Driving Transport, receiving nearly $1 million in prize money.
WeRide’s initial Robotaxi GXR trial service will cover Jumeirah’s commercial districts and residential communities including Za’abeel First, Al Manara, Umm Suqeim, and Al Safa. The company plans to deploy 50 Robotaxi GXRs in Dubai initially, with aims to expand its Middle East fleet to 1,000 vehicles.
Dubai becomes the 11th city worldwide and the second in the UAE to deploy WeRide Robotaxis. The company obtained its first batch of Dubai road test licenses earlier this year and has already begun testing in core areas of the city.
WeRide plans to commence trials with an on-board safety officer on the Uber platform within the year, targeting fully driverless commercial operations for 2026.
At the 2025 Dubai World Congress for Self-Driving Transport, WeRide signed a Memorandum of Understanding with the Roads and Transport Authority outlining collaboration on the Dubai Autonomous Zone.
Beyond Dubai, WeRide is conducting fully driverless Robotaxi testing in Abu Dhabi. The company currently has autonomous vehicles being tested or operated in over 30 cities across 11 countries. For detailed financial analysis and expert insights on WeRide’s global expansion strategy, access the full InvestingPro Research Report, featuring comprehensive metrics and growth projections.
In other recent news, WeRide has been making significant strides in the autonomous vehicle sector. The company has been appointed by Singapore’s Land Transport Authority to operate WeRide autonomous vehicles in Punggol, deploying 11 vehicles across two routes. This marks the first deployment of WeRide’s GXR models in Singapore and Southeast Asia. In Belgium, WeRide has secured the country’s first federal test permit for a Level 4 autonomous shuttle, allowing their Robobus to undergo testing on public roads. The testing will be conducted in partnership with local entities, including the Flemish public transport operator De Lijn. Additionally, WeRide has received approval to conduct late-night robotaxi testing in Beijing, moving closer to establishing a 24/7 autonomous ride-hailing network in the city. In the financial markets, UBS has initiated coverage of WeRide with a Buy rating and a $12 price target, highlighting the company’s diversified product offerings as a positive factor. These recent developments underscore WeRide’s expanding presence and capabilities in the autonomous vehicle industry.
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