Mentioned:
WRD -9.10% PONY -9.83%
Saudi Arabia is a big believer in the future of self driving cars. Which is exactly why they’ve given a historic new permit to WeRide.
What’s happening:
- WeRide (NASDAQ: WRD) has officially received a permit from Saudi Arabia to operate their autonomous vehicles throughout the country
Why it matters:
- WeRide is the first company to ever secure a permit for autonomous driving from the government of Saudi Arabia
Going deeper:
- WeRide is now operating their autonomous vehicles in China, Singapore, France and the United States of America
- WeRide has been rapidly expanding their flagship Robotaxi’s globally, including previously launching fully autonomous rides without a human supervisor in Abu Dhabi
The intrigue:
- The race to be a first mover in self driving vehicles continues to ramp up in the public markets, with Pony AI (NASDAQ: PONY) previously making major waves with the formation of a new partnership with Tencent’s WeChat app which allows WeChat users to directly request a ride from one of Pony AI’s autonomous vehicles within China
