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WeRide eyes Australia in 13th market expansion
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WeRide eyes Australia in 13th market expansion

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  • WeRide is in regulatory talks to expand its autonomous driverless vehicle fleet into Australia.
  • The company's shares rose 9.6% following strong second-quarter overseas revenue growth.
  • The expansion supports company plans to deploy 5,000 level 4 autonomous vehicles globally by year-end.

Autonomous driving firm WeRide (NASDAQ:WRD) is holding regulatory talks to expand its robotaxi operations into Australia across 13 countries.

Australian transport ministers agreed in November to enable conditional deployment of driverless vehicles starting in 2027.

"In Australia, we are talking with the regulatory authorities about the possibility," said WeRide CEO Tony Han.

The company stated that it is launching right-hand-drive vehicles in Singapore and Hong Kong while preparing for Australian regulatory processes.

Following the announcement, WeRide’s share price was $5.95.

WeRide expanded into Denmark this month, extending its autonomous vehicle presence to over 60 cities globally.

The company reported that its second-quarter overseas revenue grew 164% year-on-year to drive its global growth strategy.

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