WeRide (WRD, Financial) saw its stock continue to climb over 8% in pre-market trading, reaching $19.81. This surge follows reports of the Trump administration's intention to relax regulations on autonomous vehicles. Earlier, the stock experienced an intraday increase of over 25% before closing with a gain of more than 5.5%.
In addition to regulatory tailwinds, WeRide's collaboration with Checheng Zhilian in Wuxi also bolsters its growth prospects. In March 2023, they launched 50 unmanned minibusses in Wuxi as part of a diverse array of services, including fixed-route operations, customized shuttle services, and temporary special connection solutions.
Recent developments include the official launch of fully autonomous minibusses in a ride-hailing mode without safety attendants, marking a significant step forward in the deployment of driverless technology.
