February 8, 2026 08:23 PM GMT WeRide Inc | Asia Pacific Strategic Robotaxi Expansion with Uber in Mideast and Beyond Key Takeaways WeRide/Uber expand robotaxi rollout: Following the launch of driverless robotaxi service last November, WeRide announced it would team up with Uber further to deploy 1.2k+ L4 robotaxis across three major Mideast cities by 2027, vs. about 200 now, and further extend the collaboration to extra 12 cities across Asia/Europe. An important business milestone to scale up and out: We se ...

上周五(6日)收涨6.11%的文远知行(WRD.US)今日美股盘前续涨1.41%，报7.92美元。消息面上，摩根大 通发研报指，文远知行于上周五(6日)宣布，计划到2027年与Uber合作在中东地区部署至少1200辆机器 人计程车，这明确WeRide实现商业规模化的路径。该行重申对文远知行美股"增持"评级和17美元的目 标价。该行相信随着市场消化这些竞争格局变化，WeRide的全球合作伙伴关系、轻资产模式以及对L4 级ADAS技术的专注，将使其在市场中表现出色。(格隆汇) | WRD 文远知行 | | 0 | | --- | --- | --- | | 7.810 + +0.450 +6.11% | | 收盘价 02/06 16:00 美东 | | 7.920 t 0.110 +1.41% | | 盘前价 02/09 04:03 美东 | | 一 7 24 2 8 8 8 8 8 | | ● 快捷交易 | | 最高价 7.950 | 开盘价 7.480 | 成交量 444.89万 | | 最低价 7.310 | 昨收价 7.360 | 成交额 3401.01万 | | 平均价 7.644 | 市盈率TM 亏损 ...

Investment Rating - Kuaishou Technology is rated as BUY with a target price of HK$80.00 [6][7][8] - WeRide Inc. is also rated as BUY with a target price of US$13.00 for ADR and HK$34.00 for its Hong Kong shares [9][10][13] Core Insights - Kuaishou Technology is expected to achieve a 10% year-on-year revenue growth in 4Q25, with an adjusted net profit of RMB5.4 billion [6][8] - Despite short-term pressures from stricter tax scrutiny and intense competition, Kuaishou's long-term monetization potential is bolstered by its AI initiatives and ecosystem integrations [6][7][8] - WeRide Inc. anticipates a significant revenue increase of over 70% quarter-on-quarter in 4Q25, driven by growth in its Robotaxi and Robobus segments [9][10][13] - The company aims to double its Robotaxi fleet to over 2,000 units by the end of 2026, with a focus on key markets in China and international expansion in the Middle East [10][11][13] Summary by Sections Kuaishou Technology - The company is projected to have a revenue increase of 10% year-on-year for 4Q25, with an adjusted net profit of RMB5.4 billion [6][8] - Long-term monetization potential is supported by AI developments and integration with core business ecosystems [6][7][8] WeRide Inc. - Expected revenue for 4Q25 is projected to be between RMB290 million and RMB300 million, with a full-year revenue forecast of RMB660 million to RMB670 million [9][10][13] - The gross margin is anticipated to remain above 30%, although increased R&D spending may impact net profits [9][10][13] - The company plans to expand its Robotaxi fleet significantly, with a strategic focus on both domestic and international markets [10][11][13]

文远知行创始人兼CEO韩旭表示："文远知行和Uber的拓展合作，是中东及北非地区(MENA)迄今为止 规模最大的Robotaxi商业化部署计划。得益于现有车队的运营成果、积极开放的监管环境，以及像Uber 这样共同致力于实现安全便捷出行愿景的合作伙伴，我们将加速扩张步伐，向着未来五年在全球落地数 万台Robotaxi的目标稳步迈进。" 2月6日，全球领先的自动驾驶科技公司文远知行WeRide(NASDAQ: WRD，HKEX: 0800)，与国际出行 服务巨头优步Uber(NYSE: UBER)宣布升级战略合作：双方计划于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。 根据计划，这1,200辆Robotaxi将全部接入Uber App面向公众提供出行服务。目前，文远知行和Uber已在 阿布扎比开展Robotaxi纯无人商业化运营，并在迪拜和利雅得开放Robotaxi公开运营服务，基于现有运 营基础，双方将持续扩大Robotaxi车队规模。Uber承诺，在获得关键监管批准，以及实现各城市核心区 纯无人Robotaxi商业化部署等运营里程碑后，将进一步投入更多R ...

Core Viewpoint - WeRide and Uber are expanding their strategic partnership to deploy at least 1,200 Robotaxis across the Middle East, with completion expected by 2027 [1][2]. Group 1: Partnership Expansion - The deployment will cover Abu Dhabi, Dubai, and Riyadh, with all Robotaxis available through the Uber app [2][5]. - The fleet will be progressively scaled up as regulatory approvals and performance milestones are achieved [2][5]. Group 2: Market Impact - This announcement represents the largest Robotaxi commercial commitment in the MENA region, aiming for tens of thousands of Robotaxis globally in the next five years [3]. - The existing fleet in Abu Dhabi is averaging dozens of daily trips per Robotaxi and is on track to achieve breakeven unit economics [6]. Group 3: Operational Model - WeRide follows an asset-light operating model, with Uber or local third-party partners responsible for fleet operations [5]. - Currently, WeRide has more than 200 Robotaxis operating in the region, with plans to expand to 15 cities by 2030 [5]. Group 4: Company Background - WeRide is a leader in the autonomous driving industry, having tested or operated vehicles in over 40 cities across 11 countries [8]. - Uber has facilitated over 72 billion trips since its inception in 2010, focusing on creating opportunities through movement [9].

Market Overview - On February 5, US stock indices opened lower, with the Nasdaq down 1.58%, the Dow down 0.5%, and the S&P 500 down 1.04%. Over 3,000 individual stocks declined [1] - The Nasdaq China Golden Dragon Index rose by 0.58%, closing at 7504.59 points [3] Company-Specific Developments - Google shares fell over 6% due to concerns over high capital expenditure guidance [1] - NIO's stock increased by over 7% as the company reported its first quarterly adjusted operating profit [1] - Qualcomm's shares dropped over 10% following a weak Q2 earnings forecast [1] - Coupang, a South Korean e-commerce giant, saw its stock decline by over 9% after confirming a data breach affecting 165,000 users [1] - Estée Lauder's stock plummeted 18% due to increased marketing costs and lower-than-expected earnings guidance for the year [1] Sector Performance - Weight loss drug stocks faced setbacks, with Novo Nordisk down over 4% and Eli Lilly down over 3% [1] - Cryptocurrency-related stocks also fell, with Strategy down over 7%, Coinbase down over 4%, and Circle down over 2% [2] Commodity Market - Gold prices fell significantly, with spot gold down 3.16% to $4811.27 per ounce, and silver down over 16% to $73.695 per ounce [9] - Brent crude oil decreased by 2.97% to $67.40 per barrel, while WTI crude oil fell to $63.17 per barrel, down 3.02% [11]

全球领先的自动驾驶企业文远知行(WRD.US)美股盘前涨2.8%报7.31美元。消息上，近日广州文远知行 科技有限公司完成工商变更，注册资本由35亿人民币增至40亿人民币，增幅约14%，此次增资将进一步 夯实其资金实力，支撑自动驾驶及人工智能相关业务的研发与商业化落地。 作为全球领先的自动驾驶企业，文远知行已形成多元产品矩阵，覆盖自动驾驶出租车、小巴、货运车、 环卫车及辅助驾驶解决方案五大领域，业务遍及全球11个国家超40个城市，是全球唯一旗下产品同时拥 有8个国家自动驾驶牌照的企业。截至目前，其Robotaxi车队规模超1600台，公开运营近6年，自动驾驶 里程数超5500万公里。 ...

Core Insights - China is a significant player in the automated driving industry, with major companies like Baidu, Pony.ai, and WeRide leading the development of robotaxis [5][6][7] - The article aims to provide insights into the experiences of riding robotaxis in China, highlighting the differences in service availability and operational areas compared to Western counterparts [2][4] Company Overview - Baidu Apollo, the automated driving unit of Baidu, is often compared to Alphabet's Waymo and has a dedicated app for users [6] - Pony.ai operates in both China and the United States, offering its services through the PonyPilot app [6] - WeRide focuses on robotaxis and automated shuttles, with its own app available for users [7] Market Landscape - Major Chinese cities like Beijing, Shanghai, Wuhan, Guangzhou, and Shenzhen are actively involved in robotaxi services, although these services are often limited to specific pilot zones [9][10][11] - Baidu's Apollo robotaxis are particularly prominent in Wuhan, where they provide a reliable automated vehicle service for commuters [13] Service Characteristics - Robotaxi services in China are generally confined to designated pilot zones, and users may need to travel to specific areas to access these services [10][12] - In Beijing, the Yizhuang area is a key location for automated driving activity, while Shanghai offers several areas for potential rides, albeit with significant travel required to reach them [11][12] User Experience - The apps for booking robotaxi rides can be challenging for users, often requiring a local Chinese phone number and knowledge of the Chinese language [18][22] - Users can change their destination during a ride, with varying policies across different providers, which can lead to interesting driving maneuvers in busy urban environments [26] Future Outlook - The article suggests that despite the current limitations, China's robotaxi services are advancing rapidly and are worth exploring for those interested in automated driving technology [28]

Group 1 - WeRide Inc. has launched its proprietary general-purpose simulation model, WeRide Genesis, aimed at enhancing the growth, training, and validation of autonomous vehicles (AVs) [1][2] - WeRide Genesis creates a digital universe that allows AI drivers to familiarize themselves with any city's driving environment within minutes, supporting the global commercialization of autonomous driving [2] - The simulation model incorporates four major AI modules that condense millions of kilometers of road testing into a few days of virtual simulation, significantly reducing time and costs compared to traditional road testing [3] Group 2 - WeRide Genesis supports various AVs, including Level 2++ advanced driver-assistance systems and Level 4 Robotaxis, and enables training and skill testing of AI drivers on a single platform [3] - WeRide Inc. focuses on autonomous driving products and solutions in China, with product categories including robotaxis, robobus, robovan, and robosweeper [3]

WeRide Inc. Conference Call Summary Company Overview - **Company**: WeRide Inc (Ticker: WRD.O, WRD US) - **Industry**: China Autos & Shared Mobility - **Current Stock Price**: US$8.66 (as of January 28, 2026) - **Price Target**: US$14.70, representing a 70% upside potential Key Points Industry Dynamics - The global robotaxi market is projected to grow at a **CAGR of over 70%** over the next five years, with potential upside risks [3] - Major economies are expected to invest in the robotaxi market, driven by technological advancements and competition [3] WeRide's Strategic Initiatives - WeRide introduced **GENESIS**, a general-purpose autonomous driving (AD) simulation platform, aimed at enhancing scalability and adaptability by integrating Physical and Generative AI [7] - The integration of GENESIS is expected to address challenges such as inconsistent real-world data availability and inefficient training cycles [7] - Collaboration with Chinese solution providers could reduce time to market by **up to 40%** and costs by **30%**, with estimated costs for robotaxi solutions around **US$30-35K** in 2026 [4] Financial Projections - **Revenue Growth**: Projected revenues are expected to increase from **Rmb 361 million** in 2024 to **Rmb 4.634 billion** by 2027 [5] - **Earnings Per Share (EPS)**: Expected to improve from **(Rmb 8.54)** in 2024 to **Rmb 0.27** in 2027 [5] - **Market Capitalization**: Currently at **Rmb 20,609.7 million** [5] Risks and Challenges - Potential regulatory headwinds in deploying robo-vehicles could impact growth [11] - Delays or cancellations in orders for robotaxis and related vehicles pose downside risks [13] - The need for necessary licenses for overseas operations could present additional challenges [13] Investment Outlook - The stock is rated **Overweight** by Morgan Stanley, reflecting a positive outlook based on WeRide's early-mover advantage in L4+ autonomous driving [5] - The valuation methodology includes a DCF model with a **WACC of 17.9%** and a long-term growth rate of **3%** [11] Additional Insights - The flywheel effect of data collection and algorithm iteration is deemed critical for WeRide's success in the robotaxi market [7] - The company is well-positioned to capitalize on the growing demand for autonomous driving solutions, particularly in the Asia Pacific region [2] Conclusion WeRide Inc. is strategically positioned to leverage advancements in AI and the growing robotaxi market. With a robust growth outlook and significant upside potential, the company presents an attractive investment opportunity, albeit with inherent risks related to regulatory challenges and market competition.