Uber and WeRide Win Spain's First Level 4 Permit, Adding Madrid as Fourth City

Product / TechRegulationM&A · Partnership
โดย Insider Monkey·ESUS·Read original
Summary · why it matters

Uber Technologies Inc. and WeRide, together with AVOMO, have secured Spain's first national permit covering level 4 autonomous passenger vehicles, making Madrid the fourth city in the Uber-WeRide partnership. The permit was issued by Spain's Directorate General of Traffic and allows WeRide to test its GXR vehicles and conduct roadmapping throughout Madrid ahead of a commercial launch planned for year-end, starting with 20 vehicles each supervised by an in-car specialist in high-demand areas of Greater Madrid. The Uber-WeRide partnership plans to reach 15 cities globally by 2030, part of an Uber asset-light AV strategy that spans more than 30 partnerships, with Uber expecting to commit over $10 billion across AV investments, infrastructure, and vehicle offtake over the coming years. That multi-partner bet is under strain: Uber and Waymo confirmed in late June that their Phoenix partnership had ended, Waymo is reportedly considering a broader exit, and the NHTSA is investigating Uber AV partner Avride after multiple crashes, while Tesla ramps up its own Cybercab fleet and Waymo has raised $16 billion to accelerate independent growth. Hedge fund ownership was broadly stable, with holders slipping from 153 at the end of Q1 2026 to 151 at the end of Q2 2026, and short interest stood at only 2.29% of float as of August 31, 2026.

Impact on stocks 6

Robotics & Physical AI▲ · 4 stocks
WeRide Inc.
0800
▲ PositiveRegulationrelevance

WeRide received Spain's first national Level 4 permit to test its GXR vehicles and roadmap Madrid ahead of a commercial launch.

Uber Technologies Inc
UBER
▲ PositiveRegulationrelevance

Uber and WeRide secured Spain's first national Level 4 autonomous passenger vehicle permit, enabling a Madrid commercial launch planned for year-end.

Information Technology▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks

Theme Impact 2

Off-coverage companies 2

AvomoPrivate± Mixed
relevance

AvridePrivate± Mixed
relevance

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