WeRide Expected to Turn Profitable in 2029 -- Market Talk

Dow Jones04-01

0222 GMT - WeRide is likely to be profitable by 2029, driven by growth in its robotaxi business, says HSBC Global Research analysts in a note. The company is balancing its expansion strategy between China and its overseas markets, eyeing Abu Dhabi, Dubai and Riyadh as its near-term international growth engines, they add. WeRide is likely to reinforce its first-mover advantages, such as level 4 autonomous driving technology, strong unit economics, and deep engagement with industry regulators, they say. China will remain the anchor for volume growth, given its larger total addressable market, while overseas markets offer structurally better unit economics, they add. HSBC Global Research initiates a buy rating for the stock, with a target price of $11.40. Shares last closed at $8.09. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

March 31, 2026 22:22 ET (02:22 GMT)

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WeRide is likely to reinforce its first-mover advantages, such as level 4 autonomous driving technology, strong unit economics, and deep engagement with industry regulators, they say. China will remain the anchor for volume growth, given its larger total addressable market, while overseas markets offer structurally better unit economics, they add. HSBC Global Research initiates a buy rating for the stock, with a target price of $11.40. Shares last closed at $8.09. 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The company is balancing its expansion strategy between China and its overseas markets, eyeing Abu Dhabi, Dubai and Riyadh as its near-term international growth engines, they add. WeRide is likely to reinforce its first-mover advantages, such as level 4 autonomous driving technology, strong unit economics, and deep engagement with industry regulators, they say. China will remain the anchor for volume growth, given its larger total addressable market, while overseas markets offer structurally better unit economics, they add. HSBC Global Research initiates a buy rating for the stock, with a target price of $11.40. Shares last closed at $8.09. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 31, 2026 22:22 ET (02:22 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4609","symbol_name":"英伟达持仓股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2624687365","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624687365","pubTimestamp":1775010120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0222 GMT - WeRide is likely to be profitable by 2029, driven by growth in its robotaxi business, says HSBC Global Research analysts in a note. 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