WeRide-W Shares Surge Over 8% on Expanded Strategic Partnership with Geely's YuanCheng; Robotaxi GXR Set for Global Rollout This Year

Stock News03-11

WeRide-W (00800) saw its shares rise more than 8%, climbing 8.29% to HK$17.76 by the time of writing, with a turnover of HK$15.3201 million. On March 9, WeRide and Geely's YuanCheng signed a deepened strategic cooperation agreement, unveiling a newly upgraded pre-installed mass-produced Robotaxi GXR. The companies announced plans to deliver an estimated 2,000 Robotaxi GXR units by 2026, deploying them in both domestic and international markets, marking a full-scale entry into a new phase of global commercial Robotaxi operations. The upgraded pre-installed mass-produced Robotaxi GXR is scheduled to officially roll off the production line in the third quarter of 2026. This delivery plan signals a significant acceleration in WeRide's Robotaxi commercialization process. Leveraging Geely YuanCheng's advanced AI-controlled chassis, robust supply chain, and production management systems, the manufacturing of Robotaxi GXR is set to achieve a qualitative leap, with the production cycle per vehicle drastically reduced from one hour to under 10 minutes. Meanwhile, WeRide continues to drive cost revolution in the Robotaxi industry, with the total cost of the newly upgraded Robotaxi GXR expected to drop by an additional 15%.

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