经济观察网近期，文远知行主要热点包括战略合作扩展与行业政策利好。2026年2月6日，文远知行与 Uber宣布升级战略合作，计划于2027年内在中东地区部署至少1,200辆Robotaxi，覆盖阿布扎比、迪拜和 利雅得三大市场，全部接入Uber App提供服务，旨在加速车队规模化落地。2026年2月12日，上海市发 布智能网联汽车发展政策，测试道路已覆盖约三分之一市域面积，支持自动驾驶商业化应用，为文远知 行等企业提供更广阔运营空间。同日，公司CEO韩旭表示，通过AI测试平台将数据训练成本降低75%， 并重申目标在2030年前实现盈利，计划2026年底将全球Robotaxi车队扩大至2000-3000辆。 机构观点 多家机构近期发布评级，普遍认可文远知行技术优势但关注盈利进展。2026年2月11日，麦格理首次覆 盖给予"跑赢大市"评级，目标价港股46港元/美股17.5美元，看好其海外轻资产模式及中东Robotaxi部署 潜力。2026年2月10日，中银国际维持"买入"评级，目标价34港元，预计2025年第四季度收入环比增长 超70%，主要受益于Robotaxi业务放量。2026年2月9日，摩根大通重申"增持"评 ...

| WRD 文远知行 | | | | --- | --- | --- | | 7 550 L -0.460 -5.74% | | 收盘价 02/11 16:00 美东 | | 7.770 + 0.220 +2.91% | | 盘前价 02/12 04:13 美东 | | 三 71 24 华 S 9 日 ♥ 白 ♥ 白 ♥ 白 ♥ 白 ♥ 白 一 | | ● 快捷交易 | | 最高价 8.090 | 开盘价 8.070 | 成交量 408.56万 | | 最低价 7.470 | 昨收价 8.010 | 成交额 3109.43万 | | 平均价 7.610 | 市盈率TM 亏损 | 总市值 25.85亿(--) | | 振 幅 7.74% | 市盈率(静) 亏损 | 总股本 3.42亿 | | 换手率 1.70% | 市净率 2.875 | 流通值 18.18亿 | | 52周最高 44.000 | 委 比 81.82% | 流通股 2.41亿 | | 52周最低 6.030 | 量 比 0.93 | 色 主 1路 | | 历史最高 44.000 | 股息TTM -- | 换股比率 3.00 | | 历史最低 6 ...

Core Insights - WeRide and Uber have officially launched the first Robotaxi commercial operation service in downtown Abu Dhabi, marking the deployment of autonomous vehicles in the area [1] - The Robotaxi service now covers approximately 70% of Abu Dhabi's core areas, with the fleet size increasing fourfold since the service began in December 2024 [1] - The expansion of the Robotaxi service is expected to enhance urban connectivity and convenience, supporting the UAE's vision for smart mobility [1] Company Developments - WeRide and Uber plan to scale their Robotaxi fleet in the Middle East to thousands of vehicles in the coming years, with a commitment to deploy at least 1,200 Robotaxis by 2027 across Abu Dhabi, Dubai, and Riyadh [2] - The first L4 level fully autonomous Robotaxi commercial operation in the Middle East was launched on Yas Island, Abu Dhabi, in November 2025, following the acquisition of a city-level operational permit for fully autonomous Robotaxis [2]

Core Viewpoint - Macquarie has initiated coverage on WeRide (WRD.US, 0800.HK) with an "Outperform" rating, setting target prices of HKD 46 for its Hong Kong stock and USD 17.5 for its U.S. stock, recognizing the company's core competitiveness and growth potential in the global autonomous driving sector [1] Group 1 - WeRide's core advantages lie in its diversified L4 autonomous driving product matrix and strong strategic partnerships, positioning it favorably in building a scalable and global autonomous driving service network [1] - The company is the only tech firm globally to hold autonomous driving licenses in eight countries, including China, UAE, and Singapore, and has developed a comprehensive product matrix that includes autonomous taxis, minibuses, freight vehicles, sanitation vehicles, and L2 driver assistance systems [1] - WeRide's global layout is supported by its extensive application scenarios in smart mobility, smart freight, and smart sanitation, establishing a solid foundation for its international expansion [1] Group 2 - WeRide's recent overseas expansion efforts have gained momentum, with a partnership with Uber announced on February 6 to deploy at least 1,200 Robotaxis in the Middle East by 2027, covering key markets such as Abu Dhabi, Dubai, and Riyadh [2] - WeRide has a four-year first-mover advantage in Abu Dhabi, where its Robotaxi fleet is nearing single-vehicle breakeven and has initiated fully autonomous commercial operations, becoming a benchmark in the Middle East's autonomous driving sector [2] Group 3 - As of January 12, 2026, WeRide's global Robotaxi fleet has reached 1,023 vehicles, operating in over ten major cities worldwide, with successful fully autonomous commercial operations launched in Guangzhou, Beijing, and Abu Dhabi [5] - WeRide is the first autonomous driving tech company to be dual-listed on both U.S. and Hong Kong stock exchanges, gradually realizing its commercial value through proprietary technology, diverse product offerings, and global expansion, gaining significant attention and recognition from the capital markets [5]

Core Insights - WeRide and Uber have officially launched the first Robotaxi commercial operation service in downtown Abu Dhabi, marking the deployment of autonomous vehicles in the city center [1] - The Robotaxi service now covers approximately 70% of Abu Dhabi's core areas, with a fourfold increase in fleet size since the service began in December 2024 [1] Group 1: Service Expansion - The Robotaxi service area has been extended to include Khalifa City, Masdar City, Rabdan, and the Corniche Road area leading to the Sheikh Zayed Grand Mosque, connecting key landmarks and popular hotels [2] - The service aims to enhance urban connectivity and convenience in Abu Dhabi, supporting the UAE's vision for smart mobility [4] Group 2: Operational Details - Passengers can access the WeRide Robotaxi GXR through Uber Comfort or Uber X options, with a dedicated "Autonomous" category available in the Uber app [4] - Currently, each Robotaxi is equipped with a safety operator, with plans to transition to fully autonomous operation in phases [4] Group 3: Market Position and Future Plans - WeRide has deployed over 200 Robotaxis in the Middle East and plans to expand the fleet to thousands in the coming years [5][6] - By February 2026, WeRide and Uber aim to deploy at least 1,200 Robotaxis across Abu Dhabi, Dubai, and Riyadh [6] - WeRide has maintained a competitive edge in Abu Dhabi since 2021 and became the first company in the UAE to obtain a national-level autonomous driving license in 2023 [8]

Core Insights - WeRide and Uber have launched the first commercial Robotaxi service in downtown Abu Dhabi, marking the Emirate's first deployment of autonomous vehicles in its city center [1][4] - The service now covers approximately 70% of Abu Dhabi's core areas, with the fleet size quadrupling since its inception in December 2024 [1][4] Service Expansion - The newly expanded service operates in Khalifa City, Masdar City, Rabdan, and routes between Corniche Road and the Sheikh Zayed Grand Mosque, covering major landmarks and popular hotels [2][6] - The service previously covered about half of Abu Dhabi's core areas, including Al Reem, Al Maryah, Yas, and Saadiyat, as well as highway routes to Zayed International Airport [4] Operational Details - Riders can now be matched with a WeRide Robotaxi GXR through the Uber platform, and can also book directly via a dedicated "Autonomous" option on the app [3] - Public commercial operations have commenced with a vehicle specialist on board, as part of a phased approach towards fully driverless operations [3] Urban Connectivity and Tourism - The expanded service enhances urban connectivity and supports the UAE's smart mobility vision, connecting high-demand hotel and tourism corridors with other parts of Abu Dhabi [4][7] - Hotels across the Emirate received 4.8 million guests as of 2024, reflecting a 27% year-on-year increase in international visitors [7] Future Plans - WeRide and Uber aim to scale their operations to thousands of Robotaxis in the Middle East, with a commitment to deploy at least 1,200 Robotaxis across the region by 2027 [8] - In November 2025, the companies launched the Middle East's first Level 4 fully driverless Robotaxi commercial operations in Abu Dhabi [9] Company Background - WeRide has maintained a four-year first mover advantage in autonomous vehicle deployment in Abu Dhabi, having operated Robotaxis since 2021 [11] - The company became the first in the UAE to receive a national license for all types of self-driving vehicles, allowing for autonomous testing and operation on public roads [11]

Chief Executive Tony Han says the Guangzhou-based company has reduced its data collection and training costs by 75% and wants to at least double its fleet this year. ...

WeRide Inc. (NASDAQ:WRD) is among the 12 Best Autonomous Driving Stocks to Buy Right Now. Citi is Bullish on WeRide Inc. (WRD) Jeff Chung, an analyst at Citi, added a 90-day upward catalyst watch on WeRide Inc. (NASDAQ:WRD) on January 19, 2026, as per TheFly. It maintained a Buy rating and price target of $15.30. Citi anticipates potential upside from a Waymo financing round in the first quarter, with an estimated valuation of 280 times 2025 price-to-sales. Citi forecasts the firm’s worth at 34 times pri ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [3][6]. Core Insights - The company has established a strong competitive moat in L4 autonomous driving through technology, licensing, mass production capabilities, and operational efficiency. It has developed the WeRide One platform, which integrates AI models, software algorithms, modular hardware design, and cloud architecture, enhancing scalability and versatility [1][28]. - The company has achieved significant milestones in licensing, having obtained autonomous driving licenses in eight countries, including China, UAE, Singapore, France, the USA, Saudi Arabia, Belgium, and Switzerland, positioning it as an industry leader [1][36]. - As of January 12, 2026, the company's global Robotaxi fleet reached 1,023 vehicles, with a target of deploying tens of thousands by 2030 [1][41]. Summary by Sections Company Overview - The company, WeRide, was founded in 2017 and is the only technology firm with autonomous driving licenses in eight countries. It focuses on developing safe and reliable autonomous driving technologies across various applications, including Robotaxi, Robobus, Robovan, and Robosweeper [16]. Technology and R&D - The company emphasizes R&D, with a high proportion of its workforce dedicated to it. As of June 30, 2025, 93.7% of its full-time employees are R&D personnel, including top AI scientists and engineers [28]. - The WeRide GENESIS simulation model significantly enhances the efficiency and capability of autonomous driving algorithms, reducing the time and cost of traditional road testing [31][32]. Licensing and Market Presence - The company has a clear advantage in licensing, having secured multiple licenses in various cities, including Shanghai and Abu Dhabi, where it has commenced fully autonomous operations [2][39]. - The company has successfully launched its Robotaxi services in major cities, including Beijing, Guangzhou, and Abu Dhabi, with plans to expand further [2][45]. Financial Projections - The company forecasts net losses of CNY 1.69 billion, CNY 1.37 billion, and CNY 1.10 billion for the years 2025, 2026, and 2027, respectively, with expected EPS of -CNY 1.65, -CNY 1.33, and -CNY 1.07 [3][5]. Market Strategy - The company is focused on both domestic and international markets, with a robust strategy for global expansion, particularly in the Middle East, where it has established a significant presence [2][82]. - The company aims to achieve single-vehicle breakeven in Abu Dhabi, indicating a viable business model for its Robotaxi services [54][86].

Group 1 - Macquarie initiated coverage on WeRide (WRD.US, 0800.HK) with an "Outperform" rating, setting target prices of HKD 46 for Hong Kong shares and USD 17.5 for U.S. shares [1] - WeRide's advantage in building a scalable global autonomous driving service network is attributed to its diversified L4 product matrix and strategic partnerships [1] - The future winners in the autonomous taxi sector will depend on establishing network effects with first-mover advantages and validating scalable profit models, which aligns with WeRide's strategy of rapid overseas market expansion [1] Group 2 - WeRide's asset-light model significantly reduces capital expenditure requirements, accelerates market entry, and enhances capital efficiency, allowing for quicker profitability without increasing balance sheet burdens [1] - While autonomous taxis are expected to grow the fastest, other L4 vehicle models are also crucial for WeRide to establish regulatory trust in overseas markets, creating synergies that help overcome regulatory barriers [1] - As of January 12, 2026, WeRide's global Robotaxi fleet reached 1,023 vehicles, with operations in over 10 major cities, including commercial operations of fully autonomous Robotaxis in Guangzhou, Beijing, and Abu Dhabi [2]