BUZZ-WeRide gains after report on plans to expand robotaxi fleet

Reuters

03-17

BUZZ-WeRide gains after report on plans to expand robotaxi fleet

** U.S.-listed shares of Chinese autonomous driving technology company WeRide WRD.O rise 3.3% to $19 premarket

** WRD aims to expand its fleet of robotaxis to over 5,000 in 3 years, the Wall Street Journal reports

** Company reported on Friday its 2024 product revenue rose to 87.7 million yuan ($12.13 million) from 54.2 million yuan ($7.50 million) in 2023, primarily due to a significant increase in the sales of robotaxis, robosweepers, and robovans

** WRD said it expects the number of robotaxis to reach 50 units in mid-2025 on Uber's UBER.N platform

** Up to last close, stock up 11.2% since its Nasdaq debut last October

($1 = 7.2307 Chinese yuan renminbi)

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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