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

Quick Summary:

Also Read: Wix Q3 Earnings: Revenue Surge, Margin Expansion, AI Momentum, Raised FY24 Guidance & More

Hsiao initiated coverage with an Overweight rating and a price target of $23, underscoring WeRide’s strong position in the autonomous driving (AD) market and potential for growth.

It launched China’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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaSingapore

Topics: Trading Ideas Tech Emerging Markets Briefs Movers Analyst Ratings WRD Initiation Benzinga Stories That Matter Analyst Color Expert Ideas Price Target News Top Stories

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 18:25:11 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23723424

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 14 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions