e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
Investing.com -- WeRide Corp ADR (NASDAQ:WRD) stock gained 3.7% in premarket trading Friday after the autonomous driving technology company announced its Robobus received Belgium’s first federal test permit for a Level 4 autonomous shuttle.
The permit allows WeRide’s Robobus to undergo testing on public roads along an 8km loop in Leuven-Heverlee with nine stops. This makes WeRide the only technology company globally with autonomous driving permits in seven countries: Belgium, China, France, the UAE, Saudi Arabia, Singapore, and the US.
The company will partner with Flemish public transport operator De Lijn, the City of Leuven, and mobility consultancy Espaces-Mobilités for the testing phase. Pending approval from Flemish authorities, the Robobus will begin public road testing in the coming weeks with a safety officer onboard initially.
Following the test phase, De Lijn plans to operate a pilot autonomous shuttle service along the same route from mid-November through January 2026, marking Belgium’s first commercial deployment of autonomous vehicles in mixed traffic.
"As an AV company, our goal is always to achieve safe Level 4 fully driverless operations. This test permit is an important step on that journey," said Jennifer Li, CFO and Head of International of WeRide.
The announcement follows WeRide’s recent expansion in Europe, including the launch of its first Robotaxis in Furttal, Switzerland last month, and obtaining France’s Level-4 driverless public road testing permit in March.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.