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Analyst Sees WeRide Inc. (WRD) Positioned to Benefit from Rising Robotaxi Adoption
Yahoo Financeยท 2025-10-23 10:43
Group 1: Company Overview - WeRide Inc. (NASDAQ:WRD) is a Chinese autonomous driving company focused on self-driving vehicle technology, incorporated in 2017 and has conducted tests in over 30 cities across ten countries [4] Group 2: Market Potential - Citi initiated coverage on WeRide Inc. with a 'Buy' rating and a price target of $15.50, indicating a potential upside of nearly 58% from current levels, driven by optimism in the robotaxi sector [1] - The penetration of the robotaxi market is projected to increase from 0.1% in 2025 to 9.0% in 2030, and further to 30% by 2035, marking a significant growth trajectory [1] Group 3: Business Expansion and Innovations - The company is expanding its overseas business and has developed a high-computing-power domain control platform, showcasing a strong cost structure and strategic collaborations with leading platform enterprises [2] - WeRide Inc. presented four autonomous vehicle models at the 2025 World Intelligent Connected Vehicles Conference, including the Robotaxi GXR, Robobus, sanitation truck S6, and sweeper S1, emphasizing their diverse applications in mobility and urban services [3]