
Uber invests $100M in WeRide to fuel robotaxi expansion across 15 more cities
Uber and Chinese autonomous vehicle technology company WeRide plan to expand a commercial robotaxi partnership and bring the service to another 15 cities over the next five years. The expansion comes five months after the two companies launched a commercial robotaxi service in Abu Dhabi.
As part of that expansion, Uber will increase its investment into WeRide by $100 million, according to a Wednesday regulatory filing. WeRide said it expects the cash to come through by the second half of 2025.
The companies said the expansion will include cities in Europe. Under the partnership, WeRide's robotaxi services are available through the Uber app. The relationship is similar to Uber's deal with Waymo, in which the ride-hailing company handles the network routing and fleet operations, while the autonomous vehicle company remains responsible for the AV tech.
Uber and WeRide, which went public on the Nasdaq in late October, operate together in Abu Dhabi and announced plans to add Dubai. In Abu Dhabi, they work with local Tawasul Transport to handle fleet operations.
The additional 15 cities will focus on cities outside of China and the United States.
Uber has locked up more than 15 partnerships with a wide-range of autonomous vehicle technology companies over the past two years across ride-hailing, delivery, and trucking. In the past two months, Uber has announced deals with Ann Arbor, Michigan-based May Mobility Volkswagen, and Chinese self-driving firm Momenta.
It's most high-profile partnership in the U.S. — and one that is commercially operating today — is with Waymo. The companies offer a Waymo on Uber service in Austin and are about to do the same in Atlanta.
This story was originally published May 5. It has been refreshed with Uber's capital commitment to WeRide.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Four Days Left Until ecotel communication ag (ETR:E4C) Trades Ex-Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see ecotel communication ag (ETR:E4C) is about to trade ex-dividend in the next four days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase ecotel communication ag's shares on or after the 30th of June will not receive the dividend, which will be paid on the 2nd of July. The company's upcoming dividend is €0.29 a share, following on from the last 12 months, when the company distributed a total of €0.29 per share to shareholders. Calculating the last year's worth of payments shows that ecotel communication ag has a trailing yield of 2.2% on the current share price of €12.90. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. ecotel communication ag is paying out an acceptable 51% of its profit, a common payout level among most companies. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. ecotel communication ag paid a dividend despite reporting negative free cash flow last year. That's typically a bad combination and - if this were more than a one-off - not sustainable. View our latest analysis for ecotel communication ag Click here to see how much of its profit ecotel communication ag paid out over the last 12 months. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. For this reason, we're glad to see ecotel communication ag's earnings per share have risen 20% per annum over the last five years. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. ecotel communication ag has delivered an average of 6.1% per year annual increase in its dividend, based on the past 10 years of dividend payments. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders. From a dividend perspective, should investors buy or avoid ecotel communication ag? Earnings per share growth is a positive, and the company's payout ratio looks normal. However, we note ecotel communication ag paid out a much higher percentage of its free cash flow, which makes us uncomfortable. Overall we're not hugely bearish on the stock, but there are likely better dividend investments out there. If you're not too concerned about ecotel communication ag's ability to pay dividends, you should still be mindful of some of the other risks that this business faces. For example, we've found 3 warning signs for ecotel communication ag (1 doesn't sit too well with us!) that deserve your attention before investing in the shares. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Bloomberg
30 minutes ago
- Bloomberg
Slovenia Ties Debt Interest to Emissions in First for Europe
Slovenia became the first European government to link its bond interest payments to environmental targets, providing a template for other countries in the region. The Alpine nation sold €1 billion ($1.2 billion) of a 10-year note where the coupon hinges on meeting greenhouse gas emission goals, according to a person with knowledge of the matter. The rare sovereign sustainability-linked bond attracted orders of over €6.5 billion, with such debt only sold by a few countries so far.


Bloomberg
31 minutes ago
- Bloomberg
Czech Central Bank to Hold Rates and May Signal Longer Break
The Czech central bank will probably halt interest rate cuts again, with investors awaiting clues about the outlook that may signal a longer pause or even the end of monetary easing. The Czech National Bank will hold the benchmark rate at 3.5% on Wednesday, according to all analysts in a Bloomberg survey. Policymakers last cut borrowing costs in May, following the stop-and-go pattern applied since December.