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Chinese robotaxi firm WeRide stock soars 40%, valued at $11b
Chinese autonomous driving company WeRide’s stock surged nearly 40% on Feb. 18, closing above US$40 and pushing its market value past US$11 billion.
The rise follows a Feb. 16 rally, when shares jumped 140% intraday and closed with an 83.46% gain, doubling WeRide’s market value in two days.
Investor interest grew after WeRide disclosed that Nvidia holds US$1.74 million of its American Depositary Shares (ADS), valued at US$24.65 million as of December 2024.
WeRide and Nvidia have collaborated since 2017, with Nvidia providing chips for WeRide’s autonomous driving technology and L4-level solutions.
Recent WeRide developments
| Timeline |
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15-Jan-2025 🚗 China’s WeRide launches autonomous vehicles in Switzerland
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06-Dec-2024 🚖 Uber, WeRide launch robotaxi service in Abu Dhabi
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28-Oct-2024 🚗 Chinese robotaxi firm WeRide raises $440.5m in US IPO
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12-Dec-2023 🚗 WeRide gets license to test autonomous driving in Singapore
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30-Aug-2023 📈 In 50 Words: Zeekr, WeRide get China’s nod for US IPOs under new rules
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