WeRide Inc. (WRD) saw its stock surge 5.03% in pre-market trading on Monday, building on its impressive 11.7% gain from Friday. The continued upward momentum comes as the autonomous driving technology company announced a significant milestone in its commercial operations.
On Friday, WeRide revealed that it had successfully launched a paid Level-4 autonomous robobus commercial service in central Guangzhou, China. This development marks a crucial step forward in the company's efforts to commercialize its self-driving technology and expand its presence in the rapidly growing autonomous vehicle market.
The positive market reaction suggests that investors are optimistic about WeRide's progress and the potential for its autonomous driving solutions. The company's ability to deploy a commercial service with advanced Level-4 autonomy could position it as a leader in the competitive self-driving industry, particularly in the Chinese market.
