Core Viewpoint - Citigroup has raised the target price for WeRide, the "first global Robotaxi stock," from $15.5 to $18.2, reflecting a 17% increase, and has initiated a 30-day upward catalyst observation period while maintaining a "Buy" rating, indicating strong confidence in the globalization progress of Chinese autonomous driving companies [1][5] Group 1: Market Expansion and Performance - WeRide has made significant breakthroughs in the Middle East market, becoming the first Robotaxi service provider in Uber's global mobility network to enter the "Autonomous" category, which is a key reason for the rating upgrade [1] - The Robotaxi fleet operated by WeRide in Abu Dhabi covers half of the core areas, including densely populated regions and connections to the Zayed International Airport, with order volume doubling since the expansion in July and a further 20% week-on-week increase after the launch of the dedicated service category in September [1][3] - The fleet utilizes WeRide's new generation GXR production model, capable of carrying up to 5 passengers, showcasing mature scalable operational capabilities [1] Group 2: Future Projections and Competitive Position - WeRide is expected to have the largest Robotaxi fleet in the region by the end of 2025, surpassing 200 vehicles, and further expanding to 500-700 vehicles by 2026, with long-term plans to deploy tens of thousands of Robotaxis by 2030 [3] - The company's global layout covers 11 countries and 30 cities, with autonomous driving licenses in 7 countries, and a collaborative framework with Uber and local governments, positioning it as a highly competitive player in overseas markets [3][5] - The recent valuation upgrades by Citigroup reflect not only WeRide's commercial capabilities but also a shift in international capital confidence towards the export of Chinese autonomous driving technology [5]