WERIDE-W (00800) rose over 5% in late trading, extending its two-week rally to nearly 25%.

On December 1, ARK Invest, led by renowned investor Cathie Wood, initiated a position in WeRide Inc. (WRD.US), purchasing 417,000 shares, signaling confidence in the company's long-term prospects.

Bank of America also issued its first coverage report on WeRide, assigning a "Buy" rating with price targets of $12 for its U.S. shares and HK$31 for its Hong Kong shares, implying upside potential of approximately 45.6% and 50%, respectively.