From Nasdaq: 2025-05-22 09:13:00

Autonomous driving startup WeRide and Tencent Cloud are accelerating the deployment of Level-4 robotaxi services globally. WeRide’s revenues dropped 10% last year, but with Tencent’s help, they aim to enhance R&D and operations. The partnership will focus on developing a data-driven platform for smart driving technologies, positioning WeRide as a strong competitor in the autonomous mobility space.

WeRide’s collaboration with Tencent will impact rivals like Waymo and Baidu in the robotaxi industry. Waymo leads in the U.S., offering fully driverless rides, while Baidu’s Apollo Go service in China has a fleet of 1,000 vehicles. WeRide aims to leverage Tencent’s digital ecosystem to gain a competitive edge in the autonomous driving market.

WeRide stock has declined 28% this year, trading at a high forward price-to-sales ratio. Despite this, earnings estimates for 2025 and 2026 show promising growth. With a Zacks Rank #2 (Buy), WeRide is poised for success in the autonomous driving sector. Investors can access Zacks’ portfolio services for $1 to explore potential investments and maximize returns.



Read more at Nasdaq: Will Tencent Give WeRide the Edge in the Robotaxi Race?