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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why WeRide & Uber Stock Is Gaining Today

Uber WeRide Riyadh Saudi Arabia WRD
Uber

Uber Technologies, Inc. (NYSE:UBER) shares traded slightly higher in Friday's premarket after the company introduced autonomous robotaxis in Riyadh, Saudi Arabia.

The initiative, launched in partnership with WeRide Inc. (NASDAQ:WRD), marks the first time autonomous vehicles are available on Uber's platform in the Kingdom. WeRide shares are trading higher after the news.

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