HK Stock Movement | WERIDE-W (00800) Surges Over 5% on Strong Q3 Results, Launches Fully Autonomous Robotaxi Commercial Operations in Abu Dhabi

Stock News12-01

WERIDE-W (00800) rose more than 5%, reaching HK$21.7 by the time of writing, with a trading volume of HK$17.91 million. On November 26, WERIDE and global mobility giant Uber announced the official launch of Level 4 fully autonomous Robotaxi commercial operations in Abu Dhabi. This marks the first deployment of fully driverless Robotaxi services in the Middle East. This milestone also accelerates WERIDE and Uber's fleet expansion plans in the region, with both companies aiming to scale their Robotaxi fleet to thousands in the coming years and tens of thousands by 2030.

In Q3, WERIDE reported revenue of RMB 171 million, up 144.3% year-on-year, marking one of the company's strongest quarterly growth performances since its inception. Revenue from its Robotaxi business surged 761.0% to RMB 35.3 million, maintaining robust momentum.

Analysts at Everbright Securities reiterated a "Buy" rating on WERIDE, citing strong Q3 performance, expectations of further reductions in Robotaxi hardware and operational costs, and supportive policies across multiple countries driving adoption. As a leading global Robotaxi player, WERIDE has expanded its autonomous driving operations to 30 cities across 11 countries. By 2025, its Middle East commercialization is expected to mature, with fleet scaling further optimizing unit economics.

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