Investors favor Pony AI over WeRide due to Pony's recent tech advancements

From Yahoo Finance: 2025-04-28 19:15:00

Shares of WeRide (NASDAQ: WRD) plummeted 5.5% as investors favor rival Pony AI, whose stock soared 47.2%. Pony’s recent tech announcements have boosted its stock by 143% in the last month, while WeRide has dropped 22%.

Pony’s new driverless-vehicle software and robotaxi line triggered a sell-off for WeRide. Pony’s chief technology officer stated that software optimization has pushed the company closer to profitability, with a 70% reduction in costs for its automated vehicle system.

WeRide, focused on autonomous buses and street-cleaning tech, faces growing competition from Pony’s robotaxi advancements. While Pony’s strengths pose challenges for WeRide’s growth, they aren’t an immediate existential threat.

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Read more: Why WeRide Stock Sank Today