WeRide (WRD) Stock Gains 5% Amid Expansion with Uber

WeRide Inc WRD shares surged 5.0% to $7.21 during Tuesday's trading session after the autonomous driving company announced a global expansion of its partnership with Uber Technologies Inc UBER.

What To Know: The two firms revealed plans to roll out autonomous ride services in 15 new cities worldwide over the next five years, including several in Europe. This builds on their initial collaboration in Abu Dhabi, with Dubai soon to follow.

Under the expanded partnership, WeRide's Robotaxi services will be integrated into the Uber app, while Uber will manage fleet operations. Notably, the rollout excludes the U.S. and China, focusing instead on untapped international markets.

Executives from both companies emphasized their shared commitment to accelerating the global adoption of autonomous mobility.

WeRide CEO Tony Han highlighted the move as a key step in making autonomous technology more accessible, while Uber CEO Dara Khosrowshahi called it "one of the biggest partnerships of its kind."

How To Buy WRD Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in WeRide’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, WRD has a 52-week high of $44.00 and a 52-week low of $6.03.