WeRide jumps after announcing $100 mln share buyback plan

U.S.-listed shares of Chinese autonomous driving technology company WeRide WRD.O rise 5.1% to $8.88 premarket

WRD's board authorizes share buyback program, under which co may repurchase up to $100 mln of its class A ordinary shares over the next 12 months

"We are well-positioned to invest in growth while also returning capital to our shareholders," CFO Jennifer Li says

Co says WRD and Uber UBER.N teamed up to expand commercial robotaxi services to 15 additional cities

Reports Q1 revenue of 72.4 million yuan ($10.05 million) vs. 71.2 million yuan a year ago

As of last close, stock down ~40% this year

($1 = 7.2051 Chinese yuan renminbi)