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<Research>JPM: WERIDE-W (00800.HK) Partners with Uber to Expand in Middle East Mkt; Rating Reiterated at Overweight
WeRide (WRD.US)'s US stock has descended by 10% YTD, underperforming the KWEB ETF by 16% since mid-January, JPMorgan issued a research report saying. Part of the weakness refle...
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<Research>JPM: WERIDE-W (00800.HK) Partners with Uber to Expand in Middle East Mkt; Rating Reiterated at Overweight
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WeRide (WRD.US)      's US stock has descended by 10% YTD, underperforming the KWEB ETF by 16% since mid-January, JPMorgan issued a research report saying. Part of the weakness reflects renewed concerns over intensified competition in the robotaxi sector, particularly following Tesla (TSLA.US)      's entry into the field, which has drawn attention.

However, the broker believed that, without in-depth localization software integration and data accumulation, Alpamayo's impact on advanced autonomous driving features is limited, areas where WERIDE-W (00800.HK)  -0.060 (-0.290%)    Short selling $404.65K; Ratio 4.489%   and leading Chinese suppliers maintain structural advantages.

Related News CLSA Expects at Least 5,000 Net Increase in Domestic Robotaxis This Year, Lowers TP for Pony.ai (PONY.US) and WeRide (WRDIF.US)
Last Friday (6th), WeRide announced plans to deploy at least 1,200 robotaxis in the Middle East in partnership with Uber by 2027, clearly outlining WeRide's path to commercial scale. Therefore, the broker reiterated rating at Overweight on WeRide's US stock, with a target price of US$17.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)





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