Latest news with #TheFuture50
Yahoo
21-05-2025
- Business
- Yahoo
WeRide Inc. Announces US$100 Million Share Repurchase Program
NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. ('WeRide' or the 'Company') (Nasdaq: WRD), a global leader in autonomous driving technology, today announced that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$100 million of its Class A ordinary shares (including in the form of American depositary shares) over the next 12 months. Jennifer Li, WeRide's Chief Financial Officer and Head of International, said, 'the adoption of the share repurchase program reflects our confidence in our business fundamentals, financial health, and long term outlook, and underscores our commitment to delivering value to shareholders. Supported by a solid technology foundation and robust commercial capabilities, we are well-positioned to invest in growth while also returning capital to our shareholders. This program demonstrates our conviction that WeRide's stock represents a compelling investment opportunity.' The Company's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the implementation of the share repurchase program periodically and may modify, suspend or terminate the share repurchase program as it shall deem necessary or desirable. The Company expects to fund the repurchases out of its existing cash balance. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded robotaxi company. Our autonomous driving vehicles have been tested or operated in over 30 cities across 10 countries. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services that address a vast array of transportation needs across a diverse range of urban use cases across mobility, logistics, and sanitation. WeRide was named in Fortune Magazine's 2024 'The Future 50' list. For more information, please visit Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about WeRide's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide's filings with the SEC. All information provided in this press release is as of the date of this press release, and WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts Investor inquiries: ir@ inquiries: pr@ in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
WeRide Inc. Announces US$100 Million Share Repurchase Program
NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. ('WeRide' or the 'Company') (Nasdaq: WRD), a global leader in autonomous driving technology, today announced that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$100 million of its Class A ordinary shares (including in the form of American depositary shares) over the next 12 months. Jennifer Li, WeRide's Chief Financial Officer and Head of International, said, 'the adoption of the share repurchase program reflects our confidence in our business fundamentals, financial health, and long term outlook, and underscores our commitment to delivering value to shareholders. Supported by a solid technology foundation and robust commercial capabilities, we are well-positioned to invest in growth while also returning capital to our shareholders. This program demonstrates our conviction that WeRide's stock represents a compelling investment opportunity.' The Company's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the implementation of the share repurchase program periodically and may modify, suspend or terminate the share repurchase program as it shall deem necessary or desirable. The Company expects to fund the repurchases out of its existing cash balance. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded robotaxi company. Our autonomous driving vehicles have been tested or operated in over 30 cities across 10 countries. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services that address a vast array of transportation needs across a diverse range of urban use cases across mobility, logistics, and sanitation. WeRide was named in Fortune Magazine's 2024 'The Future 50' list. For more information, please visit Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about WeRide's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide's filings with the SEC. All information provided in this press release is as of the date of this press release, and WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts Investor inquiries: ir@ inquiries: pr@ 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
Business Wire
05-05-2025
- Automotive
- Business Wire
Uber and WeRide Expand Strategic Partnership to Bring Autonomous Vehicles to 15 More Cities
SAN FRANCISCO & GUANGZHOU, China--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER), the world's largest mobility and delivery platform, and WeRide (NASDAQ: WRD), a global leader in autonomous driving technology, today announced a significant expansion of their previously announced strategic partnership, adding 15 additional cities globally over the next five years, including in Europe. This expanded partnership accelerates WeRide and Uber's shared goal of making autonomous mobility a global reality, with both companies leading the way in delivering cutting-edge technology. Following a successful launch in Abu Dhabi and soon Dubai, the companies have committed to expanding their autonomous vehicle partnership to several new cities each year, all outside of the US and China. In these cities, WeRide's Robotaxi services will be available through the Uber app, and Uber will be responsible for fleet operations. 'We are excited to take our partnership with Uber to new heights. Expanding into new cities across multiple continents reflects both companies' confidence in our technology and our shared commitment to innovative, sustainable transportation solutions,' said Tony Han, founder and CEO of WeRide. 'This expansion aligns with WeRide's ambitious strategy for global growth – to make autonomous driving solutions more affordable and accessible to people worldwide.' 'Today's announcement – one of the biggest partnerships of its kind ever announced – is a significant milestone towards realizing the promise of autonomous mobility in more places around the world,' said Dara Khosrowshahi, CEO of Uber. 'By leveraging Uber's global scale, operational expertise, and leading marketplace technology, we are thrilled to partner with cutting-edge AV companies like WeRide to help them commercialize their vehicles and bring the benefits of autonomy to more riders." About Uber Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 58 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. The company operates in over 30 cities across 10 countries, holding driverless permits in China, the UAE, Singapore, France and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services that address a vast array of transportation needs across a diverse range of urban use cases across mobility, logistics, and sanitation. WeRide was named to Fortune Magazine's 2024 'The Future 50' list.
