Key insights
- WeRide's unveiling of its Robotaxi GXR, powered by NVIDIA's DRIVE Hyperion platform and utilizing Geely's chassis, signals advancements in autonomous vehicle technology. The $40k production cost and planned expansion into Southeast Asia, starting with a Grab partnership in Singapore, suggest potential growth in the autonomous vehicle market. This development has a slightly positive influence on US equities, particularly for NVIDIA, as it showcases the practical application of their technology.
WeRide just update from GTC today actually put some hard numbers on the table. WeRide is claiming that the new Robotaxi GXR costs $40k per vehicle to produce, they're also using the Geely Farizon chassis and NVIDIA Thor-based HPC 3.0. They're doing commercial driverless runs in Beijing and Abu Dhabi, Grab partnership in Singapore on April is the first real test of their SEA expansion, interesting to see the new Thor-based units are the ones they're rolling out for residential routes.