Uber, Chinese self-driving tech startup announce partnership to launch robotaxis in UAE

(Reuters) - Uber Technologies (NYSE:UBER ) and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm's vehicles to the rideshare platform, starting in the United Arab Emirates.

WeRide's first collaboration with a global ride-hailing platform will help the company expand its reach beyond China, while Uber takes another towards incorporating robotaxis into its platform.

Uber expanded its partnership with Alphabet (NASDAQ:GOOGL )'s Waymo to bring robotaxis to Austin and Atlanta in the United States earlier this month.

In August, Uber tied up with General Motors (NYSE:GM )' robotaxi unit Cruise, which will offer its autonomous vehicles on the platform starting next year.

The ride-hailing firm's partnership with WeRide is set to launch in Abu Dhabi later this year.

WeRide was granted UAE's first and only national license for self-driving vehicles, which allows the Chinese firm to test and operate robotaxis on public roads throughout the country.



WeRide was expected to list its shares in the United States, valuing the firm up to $5 billion, but its initial public offering has been delayed and the firm said it was working to complete documentation to go ahead with the listing.

The Biden administration on Monday proposed prohibitions that would prevent testing of self-driving cars on U.S. roads by Chinese automakers and which would extend to vehicle software and hardware produced by other U.S. foreign adversaries, including Russia.

Source: Investing.com

Publicații recente
Google: Signs that enterprise adoption of AI Is inflecting, says JMP Securities
25.09.2024 - 16:00
UniCredit overtures hold few fears for Germany's Mittelstand
25.09.2024 - 16:00
Hewlett Packard Enterprise upgraded to "Overweight" by Barclays
25.09.2024 - 16:00
Obesity drug developer BioAge Labs aims up to $640 million valuation in upsized US IPO
25.09.2024 - 16:00
US holiday spending on buy now, pay later to hit record due to debt-laden shoppers
25.09.2024 - 16:00
Earnings call: Stitch Fix reports FY 2024 results, projects FY 2026 growth
25.09.2024 - 16:00
Stellantis to lay off hundreds of workers in Michigan and Poland amid market shift
25.09.2024 - 16:00
Google complains to EU over Microsoft cloud practices
25.09.2024 - 16:00
Earnings call: Altamira Therapeutics focuses on RNA delivery growth
25.09.2024 - 16:00
Earnings call: Smiths Group Plc sees strong FY '24, targets growth in FY '25
25.09.2024 - 16:00
Buffett's Berkshire Hathaway offloads more shares in Bank of America
25.09.2024 - 16:00
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.61%
25.09.2024 - 16:00
Piper Sandler downgrades Tyson Foods to Underweight, says growing risks not priced in
25.09.2024 - 16:00
Exclusive: FinWise announces strategic partnership with digital lender PowerPay
25.09.2024 - 15:00
Morgan Stanley cuts auto industry view to neutral, downgrades GM, Ford and Rivian
25.09.2024 - 15:00

© Analytic DC. All Rights Reserved.

new
Analiza pieței Analiza complexă a USDJPY
Bine ați venit în mesageria de suport!!
*
*

Solicitarea dvs. a fost trimisă cu succes!
Veți fi contactat în scurt timp.