WeRide Inc. (WRD): A Bull Case Theory

We came across a bullish thesis on WeRide Inc. on Stocks subreddit by TigerMCU. In this article, we will summarize the bulls’ thesis on WRD. WeRide Inc.'s share was trading at $8.66 as of January 28th.

WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China. WRD’s stock surged nearly 15% last week as the company delivered an exceptional Q3 2025, signaling accelerating momentum across its autonomous mobility platform. The quarter showcased explosive growth, with robotaxi revenue up 761% year-over-year and now contributing 21% of total sales.

Total revenue climbed 144%, supported by a 428% jump in product revenue from robotaxi and robobus deployments and a 67% increase in service revenue fueled by data and autonomous operations. Importantly, net loss narrowed by 71%, reflecting the business’s improving unit economics, while gross margin reached 33%, underscoring meaningful scalability as volumes expand.

This operational strength is reinforced by WeRide’s extensive global footprint of 1,600+ autonomous vehicles across 30 cities in 11 countries. The company continues to secure strategic wins, including the first fully driverless city-level robotaxi permit outside the U.S. in Abu Dhabi through a partnership with Uber, along with expansions into Saudi Arabia and Switzerland. Domestically, WeRide maintains strong density with 300 vehicles in Guangzhou and more than 100 in Beijing.

Its revenue model benefits from vehicle sales, licensing fees, and ride commissions, all tied to the company’s dual flywheel approach: scaling Level 4 robotaxis while commercializing Level 2 ADAS systems. CEO Tony Han has reinforced long-term alignment by locking his shares until 2028, while the Chery collaboration advances the WePilot 3.0 ADAS platform. Analyst forecasts point to substantial upside, projecting revenue rising from roughly $50 million to $533 million by 2027, EPS turning positive at $0.04, and consensus ratings landing at strong buys—collectively highlighting WeRide’s compelling trajectory.

Previously we covered a bullish thesis on WeRide Inc. (WRD) by peterchs1470 in May 2025, which highlighted its expanding Uber partnership, Nvidia’s backing, and early commercial deployments. The company's stock price has appreciated approximately by 8.11% since our coverage. This is because the thesis played out. The thesis still stands as global scaling continues. TigerMCU shares a similar view but emphasizes exceptional Q3 results and improving unit economics.

WeRide Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held WRD at the end of the third quarter which was 14 in the previous quarter. While we acknowledge the risk and potential of WRD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WRD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.