WeRide Expands into Saudi Arabia with First Commercial Autonomous Services in the Middle East
$WRD
WeRide Inc. (NASDAQ:WRD), a trailblazer in autonomous driving technology, has recently announced a significant expansion into Saudi Arabia. This strategic move is part of the its broader ambition to enhance global transportation ecosystems using its advanced autonomous driving products.The company launched its Robotaxi and Robobus services in key Saudi cities including Riyadh and AlUla.
The company has introduced the Robosweeper S1 at King Fahad Medical City in Riyadh, marking the first monetized autonomous sanitation project in Saudi Arabia and the Middle East. This deployment addresses the complex logistics and heavy traffic of the medical city, showcasing the versatility and effectiveness of WeRide’s autonomous technology.
This deployment is set to revolutionize the urban mobility landscape in the region, aligning with Saudi Arabia’s Vision 2030 to foster smart, sustainable cities. The introduction of these autonomous vehicles is expected to improve road safety, manage traffic more efficiently and provide innovative, technology-driven mobility solutions.
The economic implications of WeRide’s expansion are significant, particularly for Saudi Arabia, the Middle East’s largest economy with a GDP of US$1.09 trillion as of last year. The tourism sector alone is expected to reach US$110.1 billion by 2033, growing at a compound annual growth rate of 8.4% from 2024.
The company has successfully tested and operated its autonomous vehicles in over 30 cities across 10 countries. It holds autonomous driving permits in several major markets including China, the UAE, Singapore, France and the US. Powered by the adaptable WeRide One platform, the company offers a range of autonomous driving products and services from Level 2 to Level 4, catering to diverse transportation needs in mobility, logistics and sanitation sectors.
This expansion into Saudi Arabia not only reinforces WeRide’s position as a leader in the autonomous driving industry but also highlights its commitment to adapting and scaling its technologies to meet the specific needs of different regions around the world. As cities continue to grow and seek sustainable, efficient transportation solutions, WeRide’s innovations are set to play a pivotal role in shaping the future of urban mobility.
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