WeRide Inc.'s stock surged 5.10% during Monday's intraday trading session, outperforming the broader market.
The rally followed Bank of America's initiation of coverage on WeRide with a Buy rating, citing the company's potential for fleet expansion, profitability by 2029, and growth in its robotaxi and related businesses. Analysts highlighted WeRide's first-mover advantages and partnerships as key drivers for future success.