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.

Is Grab Holdings Limited (GRAB) the Best Low Priced Stock to Invest in For the Long Term?

A customer enjoying the convenience of a mobile financial services transaction.

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GRAB and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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