US Stock Market Move | Wen Yuanzhi Xing (WRD.US) soars more than 30% as it deepens strategic cooperation with Uber to fully launch autonomous driving Robotaxi services.

On Monday, Wenyuan ZhiXing (WRD.US) surged more than 30%, to $10.45. On the news front, on May 6th, Wenyuan ZhiXing and Uber jointly announced an expansion of their strategic cooperation. Both sides have clearly planned to expand the Shenzhen New Land Tool Planning & Architectural Design in 15 core international markets such as Europe and the Middle East over the next five years, laying out autonomous driving Robotaxi services. On May 7th, Wenyuan ZhiXing updated public information, with Uber committing to an additional $100 million in equity investment on top of existing investments, the largest investment Uber has made in the autonomous driving field so far. It is reported that this investment will be completed by Wenyuan ZhiXing at an appropriate time in the coming months. Once the funds are in place, they will provide strong financial support for the company's technological research and development, business expansion, and steady expansion of the fleet.