GUANGZHOU, CHINA - APRIL 30: Passengers have their body temperature measured before taking a WeRide ... More L4 autonomous driving bus on April 30, 2022 in Guangzhou, Guangdong Province of China. Passengers can experience the driverless bus line in Guangzhou, which opens for a test ride from Saturday. (Photo by Chen Jimin/China News Service via Getty Images)

Updated, May 7, 2025: This post has been adjusted to include information from Uber's Q1 2025 earnings report.

Shares in WeRide, a China-based autonomous vehicle technology provider, popped 40% Tuesday, according to Google Finance.

Why? The $2.6 billion market capitalization company is partnering with Uber — which is adding $100 million to its investment in WeRide — to expand its robotaxi services from Abu Dhabi to 15 more cities worldwide by 2030, according to CnEV Post.

Should investors buy WeRide stock? Although the company’s revenue fell in 2024 and its losses are huge, Uber’s vote of confidence in WeRide could contribute to significant growth and ultimate profitability.

WeRide — which operates a driverless commercial Robotaxi service in Beijing and does business in 10 countries — suffered a decline in revenue and a substantial loss in the fourth quarter of 2024, according to the company’s

© Forbes