Sou Hu Cai Jing·2025-06-20 02:04Group 1 - The core viewpoint of the report is that Citic Securities has initiated coverage on WeRide, the "first global Robotaxi stock," with a "buy" rating and a target price of $17, indicating significant upside potential from the current price of $7.72 [1][2][8] - WeRide is recognized as a leading autonomous driving company, holding licenses in five countries: China, France, the United States, the UAE, and Singapore, showcasing its competitive advantages [2][4] - The report emphasizes confidence in WeRide's autonomous driving technology, stating that the commercialization of Robotaxi is accelerating, with the domestic market expected to reach 600 billion yuan by 2030 [4][5] Group 2 - Since its establishment in 2017, WeRide has focused on the commercialization of autonomous driving, launching China's first publicly charged Robotaxi service in Guangzhou in 2019, and has expanded its operational network to eight cities across four countries [5][6] - Citic Securities predicts that Robotaxi will achieve faster growth in Europe and the U.S. due to higher pricing for human-driven taxis, which could enhance WeRide's profitability [5][6] - WeRide has deepened its collaboration with Uber, launching Robotaxi services in Abu Dhabi and Dubai, and plans to deploy Robotaxi in 15 cities across the Middle East and Europe over the next five years [5][6]