Stock Track | WERIDE-W Soars 7.45% Intraday on Robotaxi Launch in Abu Dhabi and Strong Q3 Results

Stock Track12-01

WERIDE-W (00800) surged 7.45% during Monday's intraday trading, reflecting investor optimism following the company's milestone achievement and robust financial performance.

The stock's rally was fueled by WERIDE's official launch of Level 4 fully autonomous Robotaxi commercial operations in Abu Dhabi, in partnership with Uber. This marks the first deployment of fully driverless Robotaxi services in the Middle East and accelerates the company's fleet expansion plans in the region, targeting thousands of vehicles in the coming years.

Adding to the positive sentiment, WERIDE reported a 144.3% year-on-year revenue growth in Q3, with its Robotaxi business revenue skyrocketing 761.0%. Analysts at Everbright Securities reiterated a "Buy" rating, citing cost reduction potential and supportive global policies for autonomous driving adoption.

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