WeRide Inc. (WRD) saw its stock price surge by 5.10% during Monday's intraday trading session following Bank of America's initiation of coverage with a "Buy" rating.
Bank of America highlighted WeRide's strong position in the Chinese robotaxi market, citing expectations of profitability by 2029. The firm also noted the company's potential for overseas expansion and its diversified business model, including robobuses and robosweepers, as key growth drivers.
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