BUZZ-WeRide up after reporting record-high robotaxi revenue in 2024

Reuters
14 Mar
BUZZ-WeRide up after reporting record-high robotaxi revenue in 2024

** U.S.-listed shares of Chinese autonomous driving technology company WeRide WRD.O up 5.2% at $17.11 premarket

** WeRide reports record-high robotaxi revenue in 2024

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

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

** The company's stock went public in the U.S. in October, raising $440.5 million in its IPO and private placement

** Up to last close, stock had risen ~15% so far this year

($1 = 7.2305 Chinese yuan renminbi)

(Reporting by Akash Sriram in Bengaluru)

((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))

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