近日，知名投资人凯西.伍德(Cathie Wood)旗下ARK Invest对自动驾驶科技企业文远知行 WeRide(WRD.US、0800.HK)的持续增持动作引发行业关注。据ARK Invest公开披露信息显示，自2025 年12月起，该机构便开启对文远知行的加仓进程，截至2026年1月22日，其旗下Autonomous Technology&Robotics ETF已累计持有文远知行近300万份ADR，对应市值约3000万美元，按持仓股数计 算，文远知行已跻身该基金投资标的前五名。 公开资料显示，文远知行成立于2017年，核心使命为"以无人驾驶改变人类出行"，凭借深厚的技术积 累，成为全球唯一旗下产品拥有八国自动驾驶牌照的科技企业，业务覆盖全球11个国家超40个城市，全 面开展自动驾驶技术的研发、测试与商业化运营。 文远知行致力于开发安全可靠的无人驾驶技术，重点围绕自动驾驶出租车Robotaxi、自动驾驶小巴 Robobus及高阶辅助驾驶解决方案展开产品布局。 | ARK | | | --- | --- | | B | INVEST | | | Company | Ticker | CUSIP | Sh ...

Pony.ai deepened its industrial base on Jan. 8 by expanding its partnership with BAIC BJEV to co‑develop and mass produce next‑generation robotaxi models, tightly pairing its autonomous stack with BAIC’s dedicated electric vehicle (EV) platforms. Pony.ai's strategy also pushes further into capital efficiency through a November 2025 agreement with Sunlight Mobility to implement an asset-light model. Through the agreement, Sunlight will take on vehicle ownership and fleet management while Pony.ai concentrates ...

根据公开资料，文远知行成立于 2017 年，致力于"以无人驾驶改变人类出行"，是全球唯一旗下产品同 时拥有八国自动驾驶牌照的科技企业，已在全球11个国家超40个城市开展自动驾驶研发、测试及运营。 2024年10月25日，文远知行正式在纳斯达克证券交易所挂牌上市，成为"全球通用自动驾驶第一 股"和"全球Robotaxi第一股"。2025年11月6日，文远知行正式在香港交易所挂牌上市，成为"港股 Robotaxi第一股"，也是全球首家在"美股+港股"双重主要上市的自动驾驶科技企业。 文远知行致力于开发安全可靠的无人驾驶技术，重点围绕自动驾驶出租车Robotaxi、自动驾驶小巴 Robobus及高阶辅助驾驶解决方案展开产品布局。 目前，文远知行旗下自动驾驶出租车队规模已突破1000台，达到1023台，落地全球10多座核心城市，在 广州、北京和阿布扎比实现了纯无人Robotaxi商业化运营，阿布扎比车队即将实现单车盈亏平衡；旗下 ADAS业务已获得奇瑞、广汽两大OEM的定点，并于2025年底完成基于一段式端到端架构ADAS解决方 案的SOP。 | | Company | Ticker | CUSIP | Shares ...

Tempus AI Trade - Ark Invest acquired a total of 13,532 shares of Tempus AI through the ARK Genomic Revolution ETF and ARK Innovation ETF, following a revenue surge of 83% year-over-year for 2025, driven by a 111% increase in diagnostics revenue [2] - The shares closed at $68.36, resulting in an investment of approximately $925,047, with an additional purchase of $5.85 million worth of shares made the previous day [3] WeRide Trade - Ark Invest purchased 166,029 shares of WeRide through the ARK Autonomous Technology & Robotics ETF, as WeRide expanded its global fleet to over 1,000 robotaxis [4] - The shares were acquired at a closing price of $9.05, totaling an investment of approximately $1.5 million [4] Roku Trade - Ark Invest sold 14,885 shares of Roku through the ARK Next Generation Internet ETF at a closing price of $107.23, amounting to approximately $1.6 million [5] - This sale occurred amid mixed analyst forecasts, with Jefferies upgrading Roku to Buy and raising its price target from $100 to $135, indicating an improved outlook for the company [5] Other Key Trades - Ark Invest sold 161,683 shares of Beam Therapeutics Inc. across ARKG and ARKK, 32,227 shares of Unity Software Inc. through ARKW, and 29,533 shares of GitLab Inc. through ARKW [7] - Additionally, the company bought 7,175 shares of Kodiak AI Inc. through ARKQ [7]

Q&A 2026 年是否是 Robotaxi 为主的 L4 自动驾驶元年？哪些公司在这一领域有 望取得不错的涨幅？ 文远知行 20260121 摘要 文远知行在 L4 算法领域具备优势，创始人团队来自百度自动驾驶部门， 拥有多个城市路测牌照，且未发生恶性事故。公司业务多元化，拓展至 Robot Bus、Robot Van 和 Robot Sweeper 等领域，并获得宇通集团、 广汽集团和博世等股东的持续注资。 文远知行 2025 年前三季度收入达 3.7 亿元，同比增长 68%，其中 Robotaxi 业务收入约 1 亿元，占比约 30%，增长显著。尽管研发和销 售管理费用较高导致亏损，但美股和港股两地上市提供了充足的现金储 备。 文远知行在全球范围内推进自动驾驶业务，已在北京和广州实现纯无人 商业化运营，在阿布扎比获得中美之外唯一一张无人化商业运营牌照， 并在瑞士进行无人化测试。产品已在全球 11 个国家 30 多个城市开展研 发测试与运营。 Robotaxi 市场前景广阔，预计到 2030 年在中国共享出行市场占比将超 过 30%，市场规模达 2000 亿量级。文远知行作为国内前三家布局 Robotax ...

Investment Rating - The report maintains a "Buy" rating for key companies in the autonomous driving sector, including Horizon Robotics, Hesai Technology, Pony.ai, WeRide, Xiaopeng Motors, and Suda Technology [6][8]. Core Insights - The U.S. House of Representatives is reviewing the "SELF DRIVE Act of 2026," which proposes to increase the exemption limit for manufacturers from 2,500 vehicles to 90,000 vehicles, significantly enhancing the potential for Robotaxi mass production [1][2]. - The legislation aims to resolve core obstacles to the scaling of Robotaxi deployment, including the introduction of a "deemed approval" mechanism for exemption applications and establishing federal regulations as a priority over state laws [2][3]. - 2026 is projected to be a pivotal year for the global L4 autonomous driving industry, with the U.S. federal legislative framework becoming clearer and China accelerating its L3 pilot projects and L4 commercialization [1][4]. Summary by Sections Legislative Developments - The "SELF DRIVE Act of 2026" is expected to break a decade-long legislative deadlock, with bipartisan support leading to a clearer timeline for implementation [3]. - Key milestones include committee markup meetings in Q1 2026 and potential integration with the 2026 Surface Transportation Reauthorization Act [3]. Market Expansion - The U.S. Robotaxi market is transitioning from technology validation to large-scale expansion, with companies like Waymo and Tesla ramping up operations [4]. - Waymo's weekly paid orders reached 450,000 by December 2025, with plans to expand operations from 10 to 30 cities [4]. - Tesla's Cybercab is expected to begin mass production in April 2026, further contributing to market growth [4]. Investment Recommendations - The report emphasizes the synchronized development of L4 autonomous driving in both the U.S. and China, suggesting that this convergence will drive significant industry growth [5]. - Companies such as WeRide and Pony.ai are highlighted for their international expansion efforts, while other L4 applications like Robovan and Robotruck are also gaining traction [5].

Summary of WeRide Management Call Company Overview - **Company**: WeRide (WRD) - **Industry**: Autonomous Driving and Mobility Services - **Products**: Offers autonomous driving products and services from Level 2 (L2) to Level 4 (L4) based on the WeRide One platform, including Robotaxi, Robobus, Robovan, Robosweeper, and ADAS services [2][3] Key Points from the Management Call Fleet Expansion and Commercialization - WeRide management anticipates a rapid increase in their robotaxi fleet size in both China and international markets by 2026, with expectations of improving margins due to more daily orders [1][3] - The company currently operates a fleet of over 1,000 robotaxis globally and plans to significantly increase this volume in the future [3] Market Forecast and Adoption - The forecast predicts that robotaxi fleets in China will reach 535,000 by 2030, representing 10% of the shared mobility fleet [1] - The expansion of robotaxi fleets is expected to enhance service coverage and reduce waiting times, thereby accelerating technology adoption [1] Operational Achievements - WeRide has achieved unit-level break-even in Abu Dhabi and expects to reach higher gross margins as order volumes increase [3] - Management emphasizes the importance of extending operation hours and expanding service coverage to improve unit economics [3] Software and Engineering Capabilities - The company believes its software strength lies in security, supported by its experience in providing both L4 and L2++ solutions [3] - Management claims that their mass production experience with L2++ has led to more reliable engineering capabilities [3] Future Enhancements - Future enhancements in user experience are anticipated, including redesigning taxi interiors and providing customized mobility spaces, which are expected to add more value for travelers [1] Additional Insights - The positive outlook on robotaxi commercialization aligns with broader industry trends indicating an accelerating adoption stage for robotaxi technology [1] - Management's focus on a balanced distribution of fleets between China and international markets suggests a strategic approach to global expansion [3] This summary encapsulates the key insights from the WeRide management call, highlighting the company's growth strategy, market forecasts, operational achievements, and future enhancements in user experience.

Core Viewpoint - WeRide Inc. (NASDAQ:WRD) is identified as a promising investment opportunity under $10, with positive ratings from Huatai Securities and Bank of America Securities, indicating strong growth potential in the autonomous vehicle sector [1][2]. Group 1: Company Ratings and Price Targets - Huatai Securities maintains a Buy rating on WeRide Inc. with a price target of HK$52 [1]. - Bank of America Securities initiated coverage with a Buy rating and a price target of $12 [1]. Group 2: Growth Potential and Market Position - Bank of America views WeRide as a growing level 4 autonomous service provider with significant growth potential in new and emerging markets [2]. - The company is expected to grow its fleet size and achieve profitability by 2029, driven by its expansion of robotaxi services through partnerships [2]. - WeRide holds a first-mover advantage in the autonomous vehicle space, which enhances its competitive position [2]. Group 3: Profitability and Technology Expansion - Improved profitability in China is anticipated due to better economies of scale [3]. - WeRide plans to leverage its unified technology platform to expand into robobuses, robosweepers, and robowans within China [3]. - The company provides autonomous driving products and solutions across mobility, logistics, and sanitation industries in the People's Republic of China [3].

Core Insights - WeRide Inc. has expanded its global autonomous cab fleet, reaching a total of 1,023 Robotaxis and achieving driverless operations in Beijing, Guangzhou, and Abu Dhabi, with a vision to scale to tens of thousands of Robotaxis by 2030 [2][3]. Group 1: Fleet Expansion and Operations - WeRide has announced it now operates over 1,000 Robotaxis globally, specifically 1,023 [2]. - The company has achieved fully driverless operations in three major cities: Beijing, Guangzhou, and Abu Dhabi [2]. - WeRide aims to expand its fleet significantly, targeting tens of thousands of Robotaxis by the year 2030 [2]. Group 2: Strategic Partnerships and Integrations - WeRide is integrating its services with WeChat, allowing over a billion users to book Robotaxi rides in Guangzhou and Beijing through the WeRide Go feature [3]. - The company has partnered with Uber Technologies and Dubai's Roads and Transport Authority to launch Robotaxi rides in Dubai via the Uber app [4].

文远知行(WRD.US)盘前涨超3%，报9美元。消息面上，文远知行宣布，截至2026年1月12日，文远知行 全球Robotaxi(自动驾驶出租车)车队规模有1023辆车。目前，文远知行Robotaxi驶入全球10多座核心城 市，在广州、北京和阿布扎比实现了纯无人Robotaxi商业化运营，阿布扎比车队即将实现单车盈亏平 衡。(格隆汇) ...