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On March 30, Uber Technologies (UBER) disclosed that it owned a 5.82% passive shareholding in WeRide (WRD), representing 56,618,266 shares in the company. WeRide stock went up about 7% on the news, indicating strong investor interest. However, this stake won’t come as a surprise to those who have been following the close relationship between the two countries.
UBER and WRD first started collaborating in September 2024. Back then, it was meant to be a strategic partnership to integrate WeRide’s autonomous vehicles onto Uber’s app. It was supposed to be carried out in the UAE first. By May 2025, Uber had decided to broaden this partnership and invested $100 million of its own money to expand the project to 15 cities over a period of 5 years.
