WeRide Named to Fortune Future 50 List, Recognizing Global Leadership in Autonomous Driving Tech
Rhea-AI Summary
WeRide (Nasdaq: WRD) has been named to the 2024 Fortune Future 50 List, which recognizes companies with the strongest long-term growth potential. The company ranks as the highest-placed autonomous driving company on the list, following its successful IPO and Nasdaq listing in October 2024 that raised $458.5 million through IPO and private placement. WeRide made history as the world's first publicly listed robotaxi company and universal autonomous driving technology company. The Fortune Future 50 ranking evaluates over 2,800 public companies worth at least $5 billion and 170 private firms with minimum $1 billion funding, using a proprietary vitality index to assess growth prospects.
Positive
- Successfully raised $458.5 million through IPO and private placement
- First publicly listed robotaxi and universal autonomous driving technology company globally
- Recognition on Fortune Future 50 List as highest-ranked autonomous driving company
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, WRD gained 2.45%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide” or the “Company”) (Nasdaq: WRD), a global autonomous driving leader, today was named to the 2024 Fortune Future 50 List, which ranks the world's top public and private companies with the best long-term growth potential by assessing factors like strategic orientation, technology and investments, people, and structure. OpenAI, Shopify, Nvidia, Reddit and other renowned companies were also recognized.
WeRide's inclusion as the highest ranked autonomous driving company on the list follows its Initial Public Offering and Nasdaq listing in October 2024. WeRide became the world's first publicly listed robotaxi company and the first publicly listed universal autonomous driving technology company, raising
"We are honored to be recognized by Fortune as one of the companies with the greatest long-term growth potential," said Tony Han, Founder and CEO of WeRide. "This accolade is a testament to the hard work and innovation of our team, as well as the transformative potential of our autonomous driving technology. As we continue to scale our operations and expand our global footprint, we remain committed to delivering safe, reliable, and accessible autonomous driving solutions."
Created in 2017 by Boston Consulting Group and Fortune, the ranking assesses the long-term revenue growth prospects of over 2,800 publicly traded companies with at least
This recognition underscores the Company's position as a global leader in autonomous driving. In September 2023, WeRide was also honored as one of the "2023 Change the World" companies by Fortune.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Empowered by the smart, versatile, cost-effective and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing a vast majority of transportation needs across a wide range of use cases on the open road, including in the mobility, logistics, and sanitation industries. In September 2023, WeRide earned a prestigious position among the top ten on Fortune Magazine’s "2023 Change the World" list. For more information, please visit https://www.weride.ai.
Contact
Edmond Lococo
ICR, LLC
+1 (332) 242-4398
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2052f03-e368-4b7f-8d41-c91c91833c6e
FAQ
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