Latest news with #SmartMobility
Yahoo
29-07-2025
- Automotive
- Yahoo
WeRide And Uber Expand Robotaxi Reach In Abu Dhabi
Autonomous driving technology company WeRide (NASDAQ:WRD) and ride-hailing giant Uber Technologies (NYSE:UBER) announced on Tuesday that they have launched Robotaxi services on Al Reem and Al Maryah Islands in Abu Dhabi in partnership with the Integrated Transport Centre. The expanded rollout is expected to double ride volumes and now covers roughly half of Abu Dhabi's urban core, including Al Reem, Al Maryah, Yas, Saadiyat, and major highway routes to and from Zayed International Airport. Since launching in Abu Dhabi in December 2024, WeRide and Uber have tripled the size of their Robotaxi fleet. Both companies plan to scale operations further, targeting hundreds of vehicles and expanded coverage into Khalifa City, Masdar City, and more downtown districts later this and Uber operate the largest Robotaxi network in the Middle East. The fleet features WeRide's GXR model, a mass-produced autonomous vehicle designed for commercial use that seats up to five passengers. Each vehicle is expected to complete dozens of trips daily during a 12-hour shift, with average ride distances exceeding six kilometers. Al Reem and Al Maryah Islands, key finance, housing, and commerce districts, present challenging traffic and road conditions that underscore WeRide's technical capabilities in scaling autonomous systems. These deployments align with Abu Dhabi's vision to become a regional hub for smart mobility and innovation. Meanwhile, WeRide has begun fully driverless testing in Abu Dhabi, with public access expected in the coming months. In contrast to the operational strides made by WeRide and Uber, Tesla (NASDAQ:TSLA) continues to face investor skepticism regarding its autonomous driving ambitions. Despite CEO Elon Musk's ambitious pronouncements, the company's financial results have been underwhelming, and its Robotaxi timelines have experienced notable delays. Following a weak earnings report, Musk reiterated a focus on driverless electric vehicles and Robotaxis, yet Tesla's stock experienced a 5.5% decline over five days. Analyst sentiment remains cautious; while Canaccord Genuity lauded the long-term Robotaxi vision, it underscored the immediate imperative for near-term growth. Goldman Sachs, meanwhile, characterized Tesla's Robotaxi initiative as 'still small' with limited technical transparency. This backdrop highlights Tesla's continued struggle to gain a competitive edge in autonomous mobility against established players such as Alphabet's (NASDAQ:GOOGL) Waymo and Baidu's (NASDAQ:BIDU) offerings. From a market performance perspective, WeRide's stock is down 18% year-to-date. However, it has seen a significant recovery, gaining over 53% in the last three months. This volatility can be partially attributed to broader global economic uncertainties and the evolving landscape of U.S. trade and electric vehicle policies under the current administration. Price Actions: WRD shares are trading higher by 1.71% to $10.43 premarket at last check Tuesday. UBER is down 0.55%. Photo by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? WERIDE (WRD): Free Stock Analysis Report This article WeRide And Uber Expand Robotaxi Reach In Abu Dhabi originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
Zawya
22-07-2025
- Automotive
- Zawya
Smart Mobility International opens first WEY Showroom in Dubai and launches the new Plug-in Hybrid WEY 03
RELATED TOPICS UAE RELATED COMPANIES Smart Mobility Advanced Saf Great Wall Motor First WEY showroom opens on Sheikh Zayed Road, marking brand debut in the UAE New WEY 03 plug-in hybrid unveiled, featuring Hi4 intelligent all-wheel-drive system with up to 378 hp Offers an advanced driving experience with three power sources and five selectable driving modes Delivers outstanding fuel efficiency at just 5.68 litres per 100 km (WLTC cycle) Equipped with advanced safety features including radar, cameras, and ultrasonic sensors Backed by up to 1 million km of warranty and 3 years of complimentary service Dubai, Smart Mobility International (SMI) is the UAEs first specialist distributor of Premium Chinese electric vehicles has officially inaugurated its first WEY showroom on Sheikh Zayed Road - Murdouf Centre - Al Safa 1 - Dubai, reinforcing the company's commitment to growth and innovation in the region's mobility sector. Aligned with Smart Mobility's vision to support sustainable transportation in the UAE, WEY, One of Great Wall Motor's (GWM) leading automotive brands, offers one of the best-selling plug-in hybrid electric vehicles (PHEVs), combining premium performance, cutting-edge smart energy technology, sophisticated design, and an integrated smart ecosystem. The showroom's grand opening was Hosted by Moutaz Louis, CEO of Smart Mobility International, as well as a host of dignitaries, industry leaders, car enthusiasts, and company executives. New WEY 03 model At the launch ceremony, Smart Mobility International unveiled the new WEY 03, an advanced plug-in hybrid featuring the Hi4 all-wheel-drive system. The vehicle combines a 1.5-litre turbocharged petrol engine with front and rear electric motors, delivering responsive all-terrain performance, strong acceleration, and impressive fuel efficiency. Drivers can choose from three power sources (EV, Ev Priority and Hybrid) and five driving modes (ECO, Normal, Sport, Snow and AWD), offering a perfect balance between efficiency and dynamic handling. The WEY 03 delivers a total output of 378 hp and 750 Nm of torque, accelerating from 0 to 100 km in just 6 seconds. Its 2,745 mm wheelbase ensures a stable and comfortable ride. Exceptional Fuel Efficiency The WEY 03 delivers impressive fuel efficiency, consuming just 5.68 litres per 100 kilometres under the WLTC cycle. It offers an electric-only range of up to 130 kilometres, powered by a 27.5 kWh battery, making it well-suited for daily urban commuting without using fuel. The result is a zero-emission driving experience aimed at reducing environmental impact. Advanced Safety Systems Prioritising occupant safety, the WEY 03 is equipped with advanced 5 Millimetre-wave radar (MWR), 8 Ultrasonic radar, 1 Sensor camera (front) and 4 Surrounding Camera. Standard safety features include lane-keeping assist, blind spot monitoring, automatic emergency braking, reverse lateral braking, and six airbags—providing comprehensive protection in all driving conditions. Strategic move Moutaz Louis said the launch of the first WEY showroom in Dubai is a strategic move to expand the company's footprint in the region's NEV market. 'We are committed to delivering innovative technology solutions that integrate premium craftsmanship with performance engineering. The WEY 03 delivers a best-in-class driving experience, combining high torque output and fuel efficiency, underpinned by a focus on sustainable powertrains and intelligent vehicle architecture. He noted that the launch of this model demonstrates the company's commitment to preserving the environment and creating sustainable mobility solutions that support the UAE's vision to move towards a more sustainable future. Million Kilometre Warranty Smart Mobility International has also announced a suite of premium after-sales services, including a warranty of 1 million kilometres or 5 years for the vehicle and 8 years or 1 million kilometres for the battery. The offering includes free servicing for 3 years or 60,000 kilometres, a complimentary charger, and one year of free insurance, demonstrating the company's commitment to delivering a comprehensive and customer-focused ownership experience. Accessible hub The Smart Mobility International Service Centre is designed to deliver top-tier after-sales support, combining advanced diagnostic technology with a highly trained technical team. Committed to customer satisfaction, the centre provides comprehensive services including maintenance, repairs, software updates, and genuine spare parts for all vehicle models under Smart Mobility International. Spanning 5,000 sqm, and located in Al Quoz, the centre offers customers a convenient and accessible hub for all their service needs. With a focus on efficiency, transparency, and convenience, the centre ensures every customer receives premium care that matches the quality and innovation of the vehicles it supports. About Great Wall Motor Great Wall Motor (GWM) is a leading global automotive manufacturer from China, renowned for its expertise in SUVs, off-road and pickups. Among its brands, WEY stands out as the premium SUV line, focusing on smart, high-end vehicles with advanced technology. Named after Mr. Wey, the founder and chairman of GWM, the brand reflects his personal commitment to excellence and his promise to create the best vehicle in the GWM lineup. Established under the GWM umbrella, WEY combines luxury design with strong performance and represents the pinnacle of the company's innovation. Maintains full control over its key components and has sold over one million vehicles. In the UAE, it operates multiple brands, including HAVAL and TANK.
Leaders
06-05-2025
- Automotive
- Leaders
Foxconn Interconnect Technology and Alrajhi Group launch Smart Mobility to drive Saudi EV charging market
Hon Hai Precision Industry Co., Ltd. (2317-TW), its subsidiary Foxconn Interconnect Technology (FIT, 6088-HK), and Saleh Suleiman Alrajhi & Sons (Alrajhi Group) have officially launched their joint venture, Smart Mobility, at the 'EV in Saudi' exhibition in Riyadh. The move follows a partnership announcement in October 2024 witnessed by Saudi Arabia's Minister of Energy, positioning the firm as a key player in Saudi Arabia's rapidly growing electric vehicle (EV) charging market. Unveiling Voltaira EV Chargers Smart Mobility unveiled its first product line of EV chargers under the Voltaira brand. The AC Anoles Series, certified by Saudi Arabia's Standards, Metrology, and Quality Organization (SASO), features exceptional heat-resistant technology and recently received Germany's iF Design Award. The Royal Series DC and AC chargers, tailored for Saudi market preferences, were also showcased at the event, combining high performance with sleek design. Bernadett Török, Global Head of Brand Communication at Voltaira, emphasized the brand's German engineering heritage and alignment with FIT's 'One Mobility' strategy. 'We are honored to bring our solutions to the Middle East. Our integrated energy storage solutions, set to debut at The Smarter E Europe exhibition in Munich on 7 May, will leverage Saudi Arabia's solar potential to accelerate its green transition,' she stated. HH Prince Fahad bin Nawaf Al Saud, CEO of Smart Mobility, highlighted the venture's strategic timing. 'With FIT's 30 years of global automotive expertise and Saudi Arabia advancing its energy transition and localization strategies, we are expecting over a 28% compound annual growth rate (CAGR) in the domestic EV market by 2030, we are committed to advancing local manufacturing under the 'Saudi Made' initiative towards global competitiveness,' he said. Local Manufacturing and Innovation Louie Yeh, COO of Smart Mobility, noted the completion of residential and public charging product lines within the first year. A localized Charging Platform Management System (CPMS) is also in development to enhance data analytics and user experience. 'Under the leadership of HH Prince Fahad, a pivotal figure in Saudi's renewable energy transition, we are confident in growing with the market,' Yeh stated. Government Support and Vision 2030 Mai Alzamil, CFO and Board Director at Alrajhi Group, revealed that FIT had already been invited by government leadership to install Voltaira DC charging infrastructure at a key government facility, supported by local partner Turning Point Renewable Energy (TPRE). 'This collaboration reflects governmental trust in our technical capabilities and reinforces our commitment to Vision 2030 and shared social responsibility,' she said. TPRE, Saudi Arabia's leading home AC charger provider, will handle distribution, installation, and after-sales services. Mohamed Aleraij, Smart Mobility Board Director, stressed the partnership's role in accelerating market penetration: 'TPRE's local expertise and resources ensure swift, efficient service delivery nationwide which enhances the overall user experience.' This joint venture strengthens Smart Mobility's foothold in Saudi Arabia's EV charging sector, aligning with the Kingdom's push for energy transition and domestic manufacturing. By building a user-centric high-efficiency charging network, the partnership aims to advance sustainable transportation under Vision 2030. Short link : Post Views: 120
Observer
03-05-2025
- Automotive
- Observer
Plans to connect micromobility with public buses
Muscat: To facilitate student mobility and encourage the use of sustainable transportation, Mwasalat signed a cooperation program with the University of Technology and Applied Sciences (UTAS) to develop a first- and last-mile service initiative to connect micromobility with public transportation in higher education institutions in Muscat Governorate and Salalah Wilayat. The initiative aims to connect micromobility, such as electric bicycles and small vehicles, to the public transportation network, to reduce reliance on private vehicles and improve the daily commute experience. Last year, the Ministry of Transport, Communications and Information Technology (MTCIT) in cooperation with Knowledge Oasis Muscat launched the 'Smart Mobility Service Using Electric Scooters.
