Mentioned:
WRD -9.10% NVDA -6.20%
Ride sharing in Beijing is about to get a lot closer to being fully autonomous. And WeRide is behind it.
What’s happening:
- WeRide (NASDAQ: WRD) has officially received approval to launch their fully autonomous GXR Robotaxi for ride sharing in Beijing
Why it matters:
- This is the second ever approval WeRide has received for bringing their self driving vehicles into ride sharing applications, after previously winning their first ever approval in Abu Dhabi
Going deeper:
- WeRide also currently has self driving vehicles operating in other cities in China, including Guangzhou and Nanjing
- Switzerland also just recently selected WeRide for a new pilot project in the Furttal Region of Switzerland that will allow individuals to book WeRide’s autonomous vehicles directly through a mobile app
The intrigue:
- Nvidia (NASDAQ: NVDA) just recently made major waves when they announced they had increased their equity stake in WeRide
