WERIDE-W (00800) surged more than 4% in afternoon trading, reaching HK$23.9 with a turnover of HK$13.36 million by the time of reporting. The rally follows news that the WePilot 3.0 ADAS solution, jointly developed by WERIDE and Bosch and implemented in the Chery Exeed Sterra ES, secured the top spot at the China Smart Driving Competition in Taizhou. The vehicle achieved a "zero intervention" performance and scored the highest mark of 112.81 points.

WePilot 3.0 represents a significant advancement in WERIDE's end-to-end AI model, system integration capabilities, and deep hardware-software synergy. As a global leader in L4 autonomous driving technology, WERIDE continues to gain recognition.

J.P. Morgan maintains a bullish outlook on WERIDE, citing its leading international partnerships, long-term overseas market potential, and growing domestic acceptance of its advanced driver-assistance systems (ADAS). These factors collectively support an attractive risk-reward profile at current valuations.