BUZZ-WeRide gains after report on plans to expand robotaxi fleet

Reuters2025-03-17

** U.S.-listed shares of Chinese autonomous driving technology company WeRide WRD.O rise 3.3% to $19 premarket

** WRD aims to expand its fleet of robotaxis to over 5,000 in 3 years, the Wall Street Journal reports

** Company reported on Friday its 2024 product revenue rose to 87.7 million yuan ($12.13 million) from 54.2 million yuan ($7.50 million) in 2023, primarily due to a significant increase in the sales of robotaxis, robosweepers, and robovans

** WRD said it expects the number of robotaxis to reach 50 units in mid-2025 on Uber's UBER.N platform

** Up to last close, stock up 11.2% since its Nasdaq debut last October

($1 = 7.2307 Chinese yuan renminbi)

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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21:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-WeRide gains after report on plans to expand robotaxi fleet</title></head><body><p>** U.S.-listed shares of Chinese autonomous driving technology company WeRide <span>WRD.O</span> rise 3.3% to $19 premarket </p><p>** WRD aims to expand its fleet of robotaxis to over 5,000 in 3 years, the Wall Street Journal reports  </p><p>** Company <span>reported</span> on Friday its 2024 product revenue rose to 87.7 million yuan ($12.13 million) from 54.2 million yuan ($7.50 million) in 2023, primarily due to a significant increase in the sales of robotaxis, robosweepers, and robovans</p><p>** WRD said it expects the number of robotaxis to reach 50 units in mid-2025 on Uber's <span>UBER.N</span> platform</p><p>** Up to last close, stock up 11.2% since its Nasdaq debut last October </p><p>($1 = 7.2307 Chinese yuan renminbi)</p><p> (Reporting by Padmanabhan Ananthan)</p><p> 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