WeRide's stock surges as Nvidia holds 1.74m shares

WeRide's stocks soared at the opening of the US stock market on Feb 14, with an increase reaching up to 135.35 percent. Nvidia holds 1.74 million shares of WeRide, valued at $24.65 million, sparking a pre-market trading frenzy with nearly a 90 percent surge.

WeRide went public on Nasdaq on Oct 25, 2024, known as the "first stock of global general-purpose autonomous driving company" and the "first stock of global Robotaxi". The company has been engaged in autonomous driving research, testing, and operations in 30 cities across nine countries, with over 1,900 days of operation. In 2023, it ranked eighth in Fortune magazine's list of companies changing the world, being the only Chinese tech company in the top 10.

WeRide offers autonomous driving products and services ranging from L2 to L4 levels, forming a matrix of five significant products covering smart travel, innovative freight, and imaginative sanitation scenarios.

In 2024, the intelligent connected vehicle industry is entering a period of explosive growth. Huangpu district is building an intelligent connected vehicle industry ecosystem, supporting companies like WeRide in the district to develop smart connected vehicle applications and attracting external companies to conduct autonomous driving tests in Huangpu district, forming a new intelligent connected vehicle industry ecosystem.

WeRide Robobus. [Photo/WeChat account: gzhpfb]

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