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Chinese autonomous vehicle company WeRide has received a federal-level license to operate fully driverless robotaxis in the UAE, expanding its Middle East business. The global market is expected to grow from $68.09 billion in 2024 to $214.32 billion by 2030, with the Asia-Pacific region leading the way. WeRide operates in 11 countries and specializes in self-driving commercial vehicles. Its stock has dropped 31% since its inception and carries a high valuation with a price-to-sales ratio of 33.5.
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