Grab Holdings (GRAB) Announces a Strategic Equity Investment in WeRide

Grab Holdings Limited (NASDAQ:GRAB) is one of the best stocks under $10 to buy right now. On August 15, Grab Holdings Limited (NASDAQ:GRAB) announced a strategic equity investment in WeRide.

The investment marks a significant part of a strategic partnership between the two companies to expedite the commercialization and deployment of Level 4 Robotaxis and shuttles in Southeast Asia.

Management also stated that the investment reflects a shared vision to integrate WeRide’s autonomous vehicles (AVs) into Grab Holdings Limited’s (NASDAQ:GRAB) network to boost service and safety levels.

Grab Holdings Limited’s (NASDAQ:GRAB) investment is anticipated to be completed by H1 2026, supporting WeRide’s growth strategy for the expansion of its commercial AV fleet in Southeast Asia and the advancement of AI-driven mobility.

Grab Holdings Limited (NASDAQ:GRAB) provides millions of consumers access to its merchant and driver partners for food delivery, ride or taxi hailing, package delivery, payment for online purchases, and services such as telemedicine, lending, and insurance through its application.

The company’s operations across mobility, deliveries, and digital financial services span eight Southeast Asian countries.

While we acknowledge the potential of GRAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.