WeRide Expands Autonomous Driving Operations in Saudi Arabia

WeRide Inc. Sponsored ADR ( (WRD) ) has provided an announcement.

On May 27, 2025, WeRide Inc. announced its expansion into Saudi Arabia, marking a significant milestone in its global growth strategy. The company has initiated testing and deployment of its Robotaxis and Robobuses in cities like Riyadh and AlUla, aligning with Saudi Arabia’s Vision 2030 to develop smart, sustainable cities. This expansion supports the Kingdom’s efforts to diversify its economy and enhance its transport infrastructure, potentially impacting both residents and the growing number of tourists. Additionally, WeRide’s Robosweeper S1 has been deployed in Riyadh’s King Fahad Medical City, marking the first monetized autonomous sanitation project in the Middle East.

The most recent analyst rating on (WRD) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on WeRide Inc. Sponsored ADR stock, see the WRD Stock Forecast page.

Spark’s Take on WRD Stock

According to Spark, TipRanks’ AI Analyst, WRD is a Neutral.

WeRide’s score is primarily influenced by its financial performance challenges, with negative profitability and reliance on external financing being significant concerns. Despite positive developments in the earnings call, such as strategic partnerships and revenue growth in specific segments, the company’s overall financial health remains a major risk.

To see Spark’s full report on WRD stock, click here.

More about WeRide Inc. Sponsored ADR

WeRide Inc. is a global leader in the autonomous driving industry, known for being the first publicly traded Robotaxi company. The company offers autonomous driving products and services ranging from Level 2 to Level 4, catering to mobility, logistics, and sanitation industries. WeRide’s technology has been tested or operated in over 30 cities across 10 countries, and it holds autonomous driving permits in five markets, including China, the UAE, Singapore, France, and the US.

Average Trading Volume: 9,448,338

Technical Sentiment Signal: Strong Sell

Current Market Cap: $2.43B

Learn more about WRD stock on TipRanks’ Stock Analysis page.