WeRide Inc. (NASDAQ: WRD) saw its shares surge 7.05% in pre-market trading on Friday, following the announcement of a strategic partnership with Grab Holdings Limited (NASDAQ: GRAB), Southeast Asia's leading superapp. The partnership includes a commitment from Grab for a strategic equity investment in WeRide, aimed at accelerating the deployment and commercialization of Level 4 Robotaxis and autonomous shuttles across Southeast Asia.
The collaboration between WeRide and Grab is set to establish a framework for deploying autonomous solutions across Grab's extensive network, enhancing operational efficiency and scalability. As part of this strategic alliance, WeRide will integrate its cutting-edge autonomous driving technology into Grab's fleet management, vehicle matching, and routing ecosystem. This partnership is expected to significantly boost WeRide's presence in the Southeast Asian market and advance its AI-driven mobility solutions.
Dr. Tony Han, Founder and Chief Executive Officer of WeRide, expressed enthusiasm about the partnership, stating, "WeRide's vision for Southeast Asia is to deploy thousands of Robotaxis across the region, through a progressive rollout aligned with local regulations and societal readiness." The investment from Grab, which is expected to be completed by the first half of 2026, supports WeRide's growth strategy to expand its commercial autonomous vehicle fleet in Southeast Asia. This move is seen as a significant step forward in shaping the future of mobility in the region and reinforces WeRide's position as a first-mover in the autonomous driving industry.
