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Investing.com -- WeRide Corp ADR (NASDAQ:WRD) stock rose 2.4% following the announcement of a strategic investment commitment from Southeast Asian superapp Grab (NASDAQ:GRAB).
The investment, expected to close by the first half of 2026, is part of a partnership aimed at accelerating the deployment of Level 4 Robotaxis and shuttles across Southeast Asia. The companies plan to integrate WeRide’s autonomous vehicles into Grab’s network to enhance service and safety levels.
Under the partnership, WeRide will incorporate its autonomous driving technology into Grab’s fleet management, vehicle matching, and routing ecosystem. The collaboration will focus on optimizing dispatch and routing, maximizing vehicle uptime, measuring safety performance, and establishing remote monitoring systems.
"WeRide’s vision for Southeast Asia is to deploy thousands of Robotaxis across the region, through a progressive rollout aligned with local regulations and societal readiness," said Dr. Tony Han, Founder and CEO of WeRide.
The agreement builds on a Memorandum of Understanding signed in March 2025, where the companies committed to exploring the technical feasibility, commercial viability, and job creation potential of autonomous vehicles in Southeast Asia.
The partnership also includes plans to train and upskill interested Grab driver-partners and local communities for careers in the autonomous vehicle industry, addressing manpower constraints in the transportation sector.
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