WeRide Aims to Double Fleet This Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy UBER?
Source: Benzinga
- Fleet Expansion Plan: WeRide aims to expand its global fleet to 2,000-3,000 vehicles by year-end, doubling from over 1,000 units in January, reflecting the company's ambition and strong market demand in the autonomous driving sector.
- AI Technology Utilization: The company has successfully reduced data collection and training costs by 75% through its in-house developed AI testing platform, which not only enhances operational efficiency but also paves the way for profitability.
- Simulator Enhances R&D: WeRide's AI simulator, Genesis, trains autonomous vehicles to handle complex real-world scenarios such as heavy traffic and extreme weather, ensuring safe responses in rare situations and further enhancing safety.
- R&D Spending Plans: Despite AI-driven cost savings, WeRide expects a slight increase in R&D spending in 2026 to support fleet expansion and technological advancements, indicating the company's commitment to long-term growth.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
31 Analyst Rating
27 Buy
3 Hold
1 Sell
Strong Buy
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
Current: 71.220
Low
73.00
Averages
114.67
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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