WeRide Inc.WeRide partners with Uber for European robotaxi pilot, marking entry into European market.
Uber Technologies announced plans to launch Spain's first commercial robotaxi pilot in the Region of Madrid in collaboration with WeRide, marking the companies' first joint entry into the European market. Madrid is the fourth of 15 cities outlined under a previous agreement, with another 11 cities to come by 2030. The service, supported by Madrid's Regional Government and using WeRide's driving technology via AVOMO, is expected to begin operations later this year with rides available through the Uber app. Rothschild & Co Redburn lowered its price target on Uber from $120 to $112 on June 17 while keeping a Buy rating, citing autonomous vehicles as a long-term growth driver for the ride-hailing market.
WeRide Inc.WeRide partners with Uber for European robotaxi pilot, marking entry into European market.
Uber Technologies IncUber launches first European robotaxi pilot in Madrid with WeRide, expanding autonomous vehicle operations.
LYFT IncRothschild & Co Redburn lowered Uber price target to $112 but kept Buy rating; not a material change.