最新ニュース WeRide (NASDAQ:WRD) 株価情報

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WeRide

WeRide Inc operates in the autonomous driving industry. The company has developed a universal autonomous driving technology platform that integrates full-stack software algorithms, modularized hardware solutions, and a cloud-based infrastructure platform. The company provides autonomous driving products and services from L2 to L4 vehicles. The products of the company includes Robotaxi, Robobus, Robovan, Robosweeper, and others. The company earns its revenue from the People's Republic of China.

WeRide Inc

Wereldhave NV

Worldline SA

U.S. stocks were mixed, with the Nasdaq Composite gaining around 0.2% on Thursday.
Shares of Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) rose sharply on Thursday after the company reported better-than-expected <a href="https://www.benzinga.com/25/02/43529386/tobacco-company-philip-morris-stocks-surge-on-solid-q4-earnings">fourth-quarter financial results</a>.
Philip Morris Intl reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $9.71 billion which beat the analyst consensus estimate of $9.44 billion.
Philip Morris shares jumped 9.1% to $142.96 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>American Superconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) shares surged 31.3% to $33.50 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance with its midpoint above estimates.</li>
<li>Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) gained 28% to $4.9050 after the company announced it entered into a definitive agreement to be acquired by TPG for a valuation of approximately $2.2 billion.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) surged 21.7% to $16.90.</li>
<li>TTM Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) gained 19.6% to $29.63 after the company reported fourth-quarter earnings and revenue above estimates.</li>
<li>Digi International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) surged 18.3% to $36.00 following first-quarter earnings.</li>
<li>Liquidity Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDT#NASDAQ">LQDT</a>) gained 16.8% to $37.22 after the company reported better-than-expected quarterly financial results.</li>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) surged 14.6% to $8.69 following upbeat revenue.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) rose 14% to $83.67 after the company reported second-quarter financial results and beat its sales estimates.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) gained 13.7% to $102.47 after the company reported better-than-expected quarterly financial results.</li>
<li>InterDigital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>) jumped 12.2% to $204.82 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates. The company also announced an increase in its quarterly dividend from $0.45 per share to $0.60.</li>
<li>ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>) gained 11.6% to $28.42 after the company reported fourth-quarter financial results and missed its adjusted EPS and revenue estimate.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) climbed 11.3% to $27.50 after Cantor Fitzgerald initiated coverage on the stock with an Overweight rating and announced a price target of $30.</li>
<li>WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) rose 8.8% to $15.24 after the company launched the Robovan W5.</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) gained 7.7% to $141.32 following upbeat quarterly earnings.</li>
<li>Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) rose 6.5% to $38.41 after the company reported better-than-expected fourth-quarter EPS results.</li>
</ul>
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Philip Morris Posts Upbeat Results, Joins Coherent, ArcelorMittal, Yum! Brands And Other Big Stocks Moving Higher On Thursday

WIIM

WeRide shares are trading higher after the company launched the Robovan W5.

WeRide Launched The Robovan W5, Featuring Self-developed Level 4 Autonomous Technology That Operates 24/7 In All Weather Conditions

WeRide shares are trading higher after JP Morgan initiated coverage on the stock with an Overweight rating and a price target of $21.

JP Morgan analyst Alex Yao initiates coverage on WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) with a Overweight rating and announces Price Target of $21.

Price Target

Initiation

Analyst Ratings

JP Morgan Initiates Coverage On WeRide with Overweight Rating, Announces Price Target of $21

<h3>Gainers</h3>
<ul>
<li>Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) shares moved upwards by 85.5% to $4.36 during Thursday's pre-market session. The company's market cap stands at $54.9 million. </li>
<li>TAL Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) stock moved upwards by 17.19% to $10.7. The company's market cap stands at $6.4 billion. The company's, Q3 earnings came out today. </li>
<li>MarineMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HZO#NYSE">HZO</a>) shares rose 14.38% to $31.96. The company's market cap stands at $722.1 million. As per the press release, Q1 earnings came out today. </li>
<li>Funko (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) stock rose 10.0% to $14.29. The company's market cap stands at $773.8 million. </li>
<li>Envirotech Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) shares moved upwards by 9.81% to $0.95. The company's market cap stands at $15.3 million. </li>
<li>Super Hi International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDL#NASDAQ">HDL</a>) shares moved upwards by 9.57% to $26.5. The company's market cap stands at $1.5 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) stock fell 12.9% to $22.2 during Thursday's pre-market session. The market value of their outstanding shares is at $164.4 million. </li>
<li>ZSPACE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZSPC#NASDAQ">ZSPC</a>) stock decreased by 10.71% to $11.51. The company's market cap stands at $262.9 million. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) shares decreased by 6.23% to $0.63. The market value of their outstanding shares is at $13.7 million. </li>
<li>WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) shares declined by 5.83% to $13.1. The company's market cap stands at $3.5 billion. </li>
<li>Acushnet Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLF#NYSE">GOLF</a>) stock declined by 5.73% to $70.33. The market value of their outstanding shares is at $4.2 billion. </li>
<li>Premium Catering (Hldgs) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PC#NASDAQ">PC</a>) shares declined by 5.67% to $0.8. The market value of their outstanding shares is at $12.8 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>), a global leader in autonomous driving technology, is the technology provider for an innovative new autonomous driving pilot project in Switzerland. This project is funded by the Canton of Zurich and Swiss national railway Schweizerische Bundesbahnen (SBB) and managed by the Swiss Transit Lab (STL), with WeRide providing products and operational support. The decision demonstrates WeRide's leading L4 autonomous driving technology and operational experience has again been recognized by the international market.
During the test phase, two autonomous cars with WeRide technology will be in service. When operations start, which is expected in the second quarter, up to four cars will be deployed. Fully unmanned mode will operate for up to five years. In 2026, the fleet is expected to expand with eight additional autonomous vehicles, with further expansion in future.
The first automated vehicles will operate in Switzerland's Furttal Region. Residents will be able to book the autonomous vehicles by an app supplied by ioki.

WeRide Brings Autonomous Driving to Switzerland, Launching Pilot Backed by Zurich and Swiss Railways

StradVision, an artificial intelligence-based vision perception technology company, tapped Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) to combine the former&#8217;s 3D Perception SVNet with AMD&#8217;s <a href="https://www.benzinga.com/topic/amd" target="_blank" rel="noreferrer noopener">processing technology</a>. 
The goal is to deliver high-performance perception solutions for automated driving systems.
<a href="https://www.benzinga.com/25/01/42775636/ces-2025-preview-nvidia-amd-in-spotlight-other-trends-and-stocks-to-watch">At CES 2025</a>, StradVision will showcase a joint technology demonstration with AMD that features the former&#8217;s 3D Perception SVNet, powered by the AMD Versal AI Edge Series adaptive SoC. 
This device leverages an 8MP front-facing camera, underpinning StradVision&#8217;s commitment to enhancing ADAS (Advanced Driver Assistance Systems) and autonomous driving technologies with adaptive computing hardware from AMD.
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AMD Versal AI Edge Series delivers high performance, low latency AI inference for intelligence in automated driving and other demanded AI-driven embedded systems.
The Versal AI Edge series, designed for sensor fusion and AI algorithm development, delivers scalable solutions that address diverse performance and power requirements from edge to endpoint applications.
This collaboration combines AMD adaptive computing hardware with StradVision&#8217;s perception software, offering a comprehensive perception stack tailored for real-world driving conditions and delivering reliable, scalable solutions to automotive manufacturers worldwide.
Wayne Lyons of the AMD Automotive segment flagged StradVision&#8217;s contribution towards increasing access to ADAS technologies by reducing its cost without compromising its capability. Together, the companies are addressing the growing demand for scalable, high-performance solutions that enhance the safety and functionality of automated driving systems, Lyons added.
Wedbush&#8217;s Dan Ives expects President-elect Trump&#8217;s second term to boost Tesla&#8217;s <a href="https://www.benzinga.com/markets/equities/24/11/41832876/elon-musk-shines-in-trump-sweepstakes-a-big-win-for-tesla-dan-ives-thinks-so">autonomous driving initiatives</a>, potentially unlocking $1 trillion in value. These initiatives are backed by regulatory fast-tracking of autonomous vehicle technology. Expect the deployment of robotaxis to occur by 2026 or 2027, he says.
Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) already launched <a href="https://www.benzinga.com/24/12/42439768/innoviz-tech-stock-shoots-up-after-lidar-supply-deal-with-mobileye" target="_blank" rel="noreferrer noopener">robotaxi service in Abu Dhabi</a>.
Alphabet Uber&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) also remain committed to their autonomous vehicle ambitions.
Price Action: AMD stock is up 2.62% at $128.66 at last check Monday.
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Image: Shutterstock

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Shares of several companies in the auto and auto-related space are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/12/12/final-trades-cisco-kkr-co-dominion-energy-and-uber.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management picked Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) as <a href="https://www.benzinga.com/24/11/42045056/cisco-brings-ai-and-automation-to-mgm-resorts-with-55-year-portfolio-pact">his final trade.</a>
On Dec. 6, Uber and Chinese Robotaxi company WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) announced the launch of their ride-hailing partnership in Abu Dhabi. The launch represents the first time autonomous vehicles (AVs) are available on the Uber platform outside the U.S. and the largest commercial robotaxi service outside <a href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi">the U.S. and China</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners named Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) 
On Nov. 18, Cisco Systems, inked a 5.5-year Whole Portfolio Agreement (WPA) with MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), granting MGM access to Cisco's software portfolio. The portfolio includes cybersecurity, software-defined networking, WAN, digital experience assurance, and data center services.
Jason Snipe of Odyssey Capital Advisors said he likes KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>).
On Thursday, Wells Fargo analyst Michael Brown maintained KKR with an Equal-Weight and raised the price target from $152 to $163, while Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform and increased the price target from $153 to $175.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) took off like a rocket earlier in the year but now faded, so you can get back in with a 5% yield.
Scotiabank analyst Andrew Weisel maintained Dominion Energy with a Sector Perform and raised the price target from $58 to $61.
Price Action:
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<li>Cisco shares gained by 0.4% to close at $58.85 on Thursday.</li>
<li>KKR shares fell by 1% to settle at $155.75 during Thursday's session.</li>
<li>Dominion shares fell 0.8% to close at $53.83 during Thursday's session.</li>
<li>Uber shares gained 0.4% to close at $61.41 on Thursday.</li>
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On Wednesday, Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) announced <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42434908/mobileye-to-use-innoviz-lidars-for-its-mobileye-drive-av-platform" rel="noreferrer noopener">it will leverage</a> Innoviz Technologies Ltd&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) LiDARs for the Mobileye Drive platform, which enables mobility service providers and vehicle manufacturers to make robotaxis, ride-pooling, public transport, and goods delivery fully autonomous.
The deal was built upon mutual work between the two companies over the past few months, and production will begin in 2026. Innoviz Technologies stock picked up after the update.
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The Mobileye Drive driverless system testing is underway in&nbsp;Europe,&nbsp;North America, and&nbsp;Asia.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11092247/newplot-9.png" alt="" class="wp-image-687524" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11092247/newplot-9.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/11092247/newplot-9-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
By leveraging Innoviz&#8217;s expertise in LiDAR technology, in addition to cameras, radars, and imaging radars, vehicles built with the Mobileye Drive platform will deliver safe and smooth driving performance in their operational domains.
Mobileye CEO Prof.&nbsp;Amnon Shashua expects integrating its imaging radars and high-resolution cameras with the Innoviz LiDARs to be pivotal in delivering Mobileye Drive as a powerful autonomous driving system that will ultimately create safer, more efficient, and reliable transportation.
Innoviz Technologies CEO and co-founder Omer Keilaf expects the deal to vouch for Innoviz&#8217;s capability to meet the stringent requirements of OEMs worldwide and support L4 driving solutions.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms" rel="noreferrer noopener">Recent reports indicated</a> President-elect&nbsp;Donald Trump is exploring easing regulatory norms for fully self-driving vehicles.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;chief Elon Musk, co-lead of Trump&#8217;s planned Department of Government Efficiency (DOGE) advisory board, had promised to canvass the government to enable the adoption of autonomous vehicles nationwide.
Last week, Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) launched <a target="_blank" href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi" rel="noreferrer noopener">robotaxi service in Abu Dhabi</a>, implying Uber&#8217;s debut of autonomous vehicles in its platform beyond the U.S. It marks the largest commercial robotaxi service outside the U.S. and China.
Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Waymo, Baidu Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and Tesla Inc&nbsp;(NASDAQ: TSLA) remain invested in their autonomous vehicle ambitions.
Price Actions: INVZ stock is up 6.08% at $0.72 at last check Wednesday. MBLY is up 0.18%.
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INVZ

Innoviz Technologies Secures LiDAR Supply Deal With Mobileye

On Friday, U.S. ride-hailing giant Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Chinese Robotaxi company WeRide&nbsp;Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) announced the launch of their ride-hailing&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42358254/uber-and-weride-launch-autonomous-mobility-service-in-abu-dhabi" rel="noreferrer noopener">partnership&nbsp;in Abu Dhabi</a>.
The launch represents the first time autonomous vehicles (AVs) are available on the Uber platform outside the U.S. and the largest commercial robotaxi service outside the U.S. and China.
UAE national transport company Tawasul Transport will act as the fleet operator.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42344006/intel-interim-co-chief-expects-ceo-to-have-foundry-experience-stands-by-forecast" rel="noreferrer noopener">Intel Interim Co-Chief Expects CEO To Have Foundry Background, Stands By Forecast</a>
Now, Uber riders in Abu Dhabi requesting UberX or Uber Comfort can qualify for a WeRide AV ride.
The service will be available in key areas between Saadiyat Island and Yas Island and routes to and from Zayed International Airport. The plan is to expand the operating territory in the future.
At the initial launch, each AV will have a safety operator present to ensure a secure and reliable experience, targeting a fully driverless commercial service planned for later in 2025.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06050751/newplot-5.png" alt="" class="wp-image-680249" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06050751/newplot-5.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06050751/newplot-5-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
In July 2023, WeRide bagged UAE&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41022424/uber-teams-with-weride-for-uae-robotaxi-rollout-details" rel="noreferrer noopener">exclusive national license</a>, which permits the testing and operation of its autonomous vehicles on public roads throughout the country.
According to CIC forecasts, the <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42096308/werides-robotaxi-and-partnerships-are-key-growth-drivers-for-global-expansion-analyst" rel="noreferrer noopener">global autonomous driving market</a> has the potential to grow at an 80% compound annual growth rate from $93 billion in 2025 to $1.745 trillion by 2030. The market has a growth potential of 85% CAGR for China, reaching $639 billion by 2030.
in other recent robotaxi initiatives, on Thursday, Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42348287/whats-going-on-with-uber-shares-thursday" rel="noreferrer noopener">announced plans to</a> launch its commercial robotaxi service in Miami in 2026.
Earlier this week, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) <a target="_blank" href="https://www.benzinga.com/24/12/42263396/baidu-takes-on-tesla-testing-self-driving-tech-in-hong-kongs-streets" rel="noreferrer noopener">won Hong Kong&#8217;s first</a> autonomous vehicle test license under new 2024 legislation.
Reportedly, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a target="_blank" href="https://www.benzinga.com/24/11/42159490/elon-musks-tesla-hunts-top-talent-to-develop-software-for-robotaxi-optimus-robot-teleoperation-2" rel="noreferrer noopener">is aggressively hiring</a> software engineers to boost its teleoperation&nbsp;capabilities for robotaxis.
Price Actions: At the last check on Friday, UBER stock was up 1.18% to $65.96 in the premarket session, while WRD was up 5.89%.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" target="_blank" rel="noreferrer noopener">Nvidia Could Become Taiwan Semi&#8217;s Third US Plant Customer, But With A Catch</a></li>
</ul>

Uber And WeRide Partner For Robotaxi Service In Abu Dhabi

WeRide shares are trading higher after the company announced its ride-hailing partnership with Uber in Abu Dhabi, United Arab Emirates.

<ul>
<li>Launch represents the first time autonomous vehicles are available on the Uber platform outside of the U.S.</li>
<li>Marks the largest commercial robotaxi service outside the U.S. and China.</li>
<li>WeRide vehicles will be available for eligible Uber trips in key areas, including Al Saadiyat Island, Yas Island, and routes to and from Abu Dhabi International Airport.</li>
<li>Tawasul will be the main fleet operator for WeRide vehicles on the Uber platform, providing fleet management services.</li>
<li>Program supported by the Abu Dhabi Integrated Transport Centre (Abu Dhabi Mobility)</li>
</ul>

Uber And WeRide Launch Largest Commercial Robotaxi Service Outside U.S. And China In Abu Dhabi

On Saturday, Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) obtained a Hong Kong&nbsp;license&nbsp;to test <a target="_blank" href="https://www.benzinga.com/topic/autonomous-vehicles" rel="noreferrer noopener">autonomous vehicles</a> in the city. This is the government&#8217;s first pilot license since the launch of new legislation in March 2024.
The license, valid from December 9, 2024, to December 8, 2029, permits only one self-driving car to operate on specified road sections at a time in its first phase, marking the company&#8217;s attempts to expand its autonomous vehicle technology beyond China, Reuters reports.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/11/42247515/meta-weighs-sole-ownership-of-a-10-billion-subsea-cable-project" rel="noreferrer noopener">Meta Weighs Sole Ownership Of A $10 Billion Subsea Cable Project</a>
Baidu&#8217;s Apollo International unit can conduct a trial of 10 autonomous vehicles in the North Lantau area, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-01/baidu-wins-first-license-to-test-self-driving-car-in-hong-kong?sref=TBDibEcD" rel="noreferrer noopener">cites</a> Hong Kong&#8217;s Transport Department.
Apollo Go targets the expansion of AI and autonomous driving technology to more countries and regions, Bloomberg cites an Apollo Go spokesperson.
Baidu&#8217;s autonomous ride-hailing arm, Apollo Go, launched an affordable robotaxi model in May and aims to break even by 2025. According to prior reports, Baidu plans to expand its robotaxi service to Hong Kong, Singapore, and the Middle East.
Baidu reported <a href="https://www.benzinga.com/news/earnings/24/11/42109965/baidus-q3-earnings-revenue-slides-weak-online-ads-market-impact-margins" target="_blank" rel="noreferrer noopener">fiscal third-quarter</a> revenue decline of 3% to $4.78 billion, above the analyst estimate of $4.69 billion. 
Baidu&#8217;s adjusted earnings per ADS&nbsp;of $2.37 topped the&nbsp;consensus estimate of $2.35.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) held its <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41244101/teslas-party-could-be-crashed-by-baidu-as-chinese-rival-considers-global-robotaxi-expansion" rel="noreferrer noopener">robotaxi event in</a> October 2024. Meanwhile, Chinese robotaxi developer WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) revealed a new partnership with Uber to bring its vehicles to the ride-hailing platform in Abu Dhabi.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02030635/newplot.png" alt="" class="wp-image-671838" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02030635/newplot.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02030635/newplot-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Baidu&nbsp;stock plunged over 26% year-to-date as it battled a weak economy, U..S. semiconductor sanctions on China with the domestic fiscal stimulus failing to impress the Street.
Investors can gain exposure to Baidu through Managed Portfolio Series Tremblant Global ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOGA#NYSE">TOGA</a>) and Roundhill Ball Metaverse ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/METV#NYSE">METV</a>).
Price Action: BIDU stock traded higher by 0.66% to $85.61 premarket at the last check on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42245036/alibaba-co-founder-makes-rare-appearance-at-company-campus" target="_blank" rel="noreferrer noopener">Alibaba Co-Founder Jack Ma Makes Rare Appearance At Company Campus</a></li>
</ul>
Photo via Wikimedia Commons

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Baidu Takes on Tesla, Secures License To Test Self-Driving Tech in Hong Kong

Morgan Stanley analyst Tim Hsiao initiated WeRide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) with an Overweight rating with a <a target="_blank" href="https://www.benzinga.com/quote/WRD/analyst-ratings" rel="noreferrer noopener">price target of $23</a>.
WeRide, a leader in Level 4+ (L4+) autonomous driving technology, is a major player in the global self-driving vehicle sector. The company has achieved significant milestones with its product lineup, including robotaxis, robovans, robobuses, and robosweepers, supported by advanced driver-assistance systems (ADAS).
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42083431/wix-q3-earnings-revenue-hits-4447-million-innovation-fuels-revenue-margin-expansion-and-ai-momentum-fy24-guidance-raised" rel="noreferrer noopener">Wix Q3 Earnings: Revenue Surge, Margin Expansion, AI Momentum, Raised FY24 Guidance &amp; More</a>
Hsiao initiated coverage with an Overweight rating and a price target of $23, underscoring WeRide&#8217;s strong position in the autonomous driving (AD) market and potential for growth.
Founded in 2017, WeRide has established itself as a pioneer in L4+ autonomous driving. It launched China&#8217;s first open-road testing program for L4+ vehicles in 2018 and progressively rolled out its commercial services, starting with robotaxis in 2019, robobuses in 2020, robovans in 2021, and robosweepers in 2022.
The company currently operates in 30 cities across seven countries, including the U.S., China, the UAE, and Singapore, having secured advanced test permits in these regions.
According to CIC forecasts, the global autonomous driving market is expected to grow at an 80% compound annual growth rate (CAGR) from $93 billion in 2025 to $1.745 trillion by 2030.
Within this market, the penetration of L4+ AD technology is projected to exceed 25% by 2035. For China, the AD market is forecasted to expand at an even faster 85% CAGR, reaching $639 billion by 2030.
The analyst writes that WeRide&#8217;s robust product pipeline and partnerships are central to its growth. The company aims to achieve large-scale commercialization of its robotaxi services by 2026, leveraging collaborations such as its partnership with Uber to deploy robotaxis in the UAE.
According to the analyst, the price target of $23 is based on a probability-weighted discounted cash flow (DCF) analysis, assigning weightings of 25% to the bull case, 50% to the base case, and 25% to the bear case.
This valuation reflects WeRide&#8217;s long-term potential while accounting for near-term earnings volatility. The target implies a 30x multiple on 2025 estimated price-to-sales. The company is expected to break even by 2027, the analyst said.
As L4+ autonomous vehicle penetration grows globally, WeRide is well-positioned to capitalize on this trend. With its innovative products, strategic partnerships, and expanding global footprint, WeRide offers a compelling investment opportunity in the autonomous driving sector.
The projected large-scale commercialization of its services by 2026 further cements its long-term growth trajectory.
Hsiao projected fiscal 2024 revenue of 645 million Chinese yuan and EPS loss of (6.19) Chinese yuan. The analyst expects fiscal 2025 revenue of 1.52 billion Chinese yuan and an EPS loss of (4.64) Chinese yuan. He estimates fiscal 2026 revenue of 4.62 billion Chinese yuan and EPS loss of (2.59) Chinese yuan.
Price Action: WRD stock is down 8.14% at $17.72 at the last check on Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/tech/24/11/42088437/qualcomm-targets-900-billion-market-by-2030-big-bets-on-iot-and-automotive" target="_blank" rel="noreferrer noopener">Qualcomm Targets $900 Billion Market by 2030: Big Bets on IoT and Automotive</a></li>
</ul>
Image by WeRide

Analyst Color

WeRide's Robotaxi And Partnerships Are Key Growth Drivers For Global Expansion: Analyst

WeRide shares are trading lower after the company announced its Robosweeper S6 and Robosweeper S1 have officially commenced operations at the Marina Coastal Drive and Esplanade in Singapore.

WeRide Announced That Its Robosweeper S6 And Robosweeper S1 Have Officially Commenced Operations At Marina Coastal Drive And Esplanade In Singapore, Respectively

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/607595562290f100012ab4ae/tim-hsiao">Morgan Stanley analyst Tim Hsiao</a> initiated coverage on WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) with an Overweight rating and announced a price target of $23. WeRide shares closed at $18.33 on Monday. <a href="https://www.benzinga.com/quote/WRD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst John Barnidge initiated coverage on Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with an Overweight rating and announced a price target of $188. Apollo Global Management shares closed at $164.31 on Monday. <a href="https://www.benzinga.com/quote/APO/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/602e9a6a5864de000147ed6f/yaron-werber">TD Cowen analyst Yaron Werber </a>initiated coverage on Septerna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEPN#NASDAQ">SEPN</a>) with a Buy rating. Septerna shares closed at $23.55 on Monday. <a href="https://www.benzinga.com/quote/SEPN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham analyst Chris Pierce initiated coverage on Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) with a Buy rating and announced a price target of $11. Archer Aviation shares closed at $4.41 on Monday. <a href="https://www.benzinga.com/quote/ACHR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Janney Montgomery Scott analyst Daniel Cardenas initiated coverage on ACNB Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNB#NASDAQ">ACNB</a>) with a Buy rating and announced a price target of $53. ACNB shares closed at $46.35 on Monday. <a href="https://www.benzinga.com/quote/ACNB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying APO stock? Here&#8217;s what analysts think :
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19072545/image-193-1024x547.png" alt="" class="wp-image-654858" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19072545/image-193-1024x547.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19072545/image-193-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19072545/image-193-768x410.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19072545/image-193.png 1183w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42035732/jim-cramer-super-group-basic-materials-stock-is-very-hard-to-own-here">Jim Cramer: Super Group Finally &#8216;Broke Out,&#8217; This Basic Materials Stock Is &#8216;Very Hard To Own Here&#8217;</a></li>
</ul>

Pre-Market Outlook

ACHR

ACNB

SEPN

This Apollo Global Management Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday

Morgan Stanley analyst Tim Hsiao initiates coverage on WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) with a Overweight rating and announces Price Target of $23.

Morgan Stanley Initiates Coverage On WeRide with Overweight Rating, Announces Price Target of $23

Uber (UBER) and WeRide (WRD) have announced the launch of their ride-hailing partnership in Abu Dhabi. The launch represents the first time autonom...

Uber, WeRide launch ride-hailing partnership in Abu Dhabi

Electric vehicle stocks rip big gains after Beijing developments

Autonomous vehicle watch: The robotaxi pure play that analysts love

If Robotaxi Is The Next Frontier, Either Tesla Or Google Is Completely Mispriced

Pony AI: Early-Stage China AV Play That Is Primed To Grow

WeRide deploys shuttle service at Zurich Airport

WeRide is selected for autonomous driving pilot project in Switzerland

CICC initiated coverage of WeRide (WRD) with an Outperform rating and $19 price target Published first on TheFly – the ultimate source for real-tim...

WeRide initiated with an Outperform at CICC

JPMorgan initiated coverage of WeRide (WRD) with an Overweight rating and $21 price target WeRide is a leading global autonomous driving company th...

WeRide initiated with an Overweight at JPMorgan

WeRide (WRD) launched the Robovan W5, featuring self-developed Level 4 autonomous technology that operates 24/7 in all weather conditions. It offer...

WeRide announces the launch of Robovan W5

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Press Releases

General

The World's First IPO of Universal Autonomous Driving Technology Company! WeRide Officially Listed on Nasdaq

IPOs

WeRide Inc. Announces Closing of Initial Public Offering

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of WeRide Inc.

WeRide Robosweepers Enter Marina Bay, Marking Singapore's First Commercial Autonomous Sanitation Project

Earnings

Next-Generation Robotaxi Platform Unveiled, Robotaxi Coming to Uber App

WeRide Named to Fortune Future 50 List, Recognizing Global Leadership in Autonomous Driving Tech

Uber and WeRide Launch Autonomous Mobility Service in Abu Dhabi

WeRide Expands European Presence with Autonomous Robobus Shuttle Deployment at Zurich Airport

Contracts

WeRide Chosen Technology Supplier for New Pilot Project on Autonomous Driving in Switzerland

WeRide Launches Robovan W5, Pioneering New Class of Autonomous Delivery Vehicle

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