In the United States, much of the attention in autonomous cars lands on Alphabet (GOOG) (GOOGL) subsidiary Waymo, Tesla (TSLA), and Zoox, which is owned by Amazon (AMZN). But the total market is much bigger than that. North America only represents 37% of the global market, according to Grand View Research, with the Asia-Pacific region standing out as the fastest-growing market.
Chinese company WeRide (WRD) is one of the standout companies looking to take advantage of this opportunity and just received a federal-level license to operate fully driverless robotaxis in the United Arab Emirates. It’s an expansion of WeRide’s Middle East business, where it has already been operating in Abu Dhabi since last December.
