WeRide Inc. Class A (0800) has received a new Buy rating, initiated by Bank of America Securities analyst, Ming-Hsun Lee.
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Ming-Hsun Lee has given his Buy rating due to a combination of factors that highlight WeRide Inc.’s strategic positioning and growth potential in the autonomous driving market. The company is recognized as a leading player in the Level 4 autonomous driving sector, with plans to expand its robotaxi services internationally, leveraging its partnerships and first-mover advantage. This expansion is expected to drive profitability by 2029.
WeRide’s diverse operations, which include robobuses, robovans, and robosweepers, are powered by its universal autonomous driving platform, WeRide One, and its simulation engine, GENESIS. The company’s extensive fleet and technological advancements position it to capitalize on the rapidly growing global market for Level 4 and above autonomous driving solutions. Additionally, WeRide’s strategic alliances and regulatory engagement in key overseas markets are anticipated to bolster its competitive edge and market share, further justifying the Buy rating.
Lee covers the Consumer Cyclical sector, focusing on stocks such as Nio, XPeng, Inc. ADR, and BAIC Motor. According to TipRanks, Lee has an average return of 17.4% and a 37.23% success rate on recommended stocks.