WeRide Inc. (WRD) surged 5.10% during Monday's intraday trading session following a bullish initiation by Bank of America, which assigned the stock a "buy" rating.
Bank of America highlighted WeRide's strong positioning in the autonomous vehicle sector, projecting profitability by 2029. The firm cited the company's potential for overseas robotaxi expansion, improving economies of scale in China, and growth in ancillary businesses like robobuses and robosweepers as key drivers.
The upgrade reflects growing optimism around WeRide's ability to capitalize on its first-mover advantages and partnerships in the autonomous driving space.
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