WeRide Inc. (NASDAQ:WRD) on Sunday announced an expanded partnership with Geely’s Zhejiang Farizon New Energy Commercial Vehicle Group, with plans to deliver 2,000 upgraded, purpose-built Robotaxi GXR vehicles by 2026 to accelerate large-scale global robotaxi commercialization.
The companies showcased the upgraded Robotaxi GXR during the signing ceremony. The model is scheduled to roll off the production line in the third quarter of 2026.
As of January 2026, WeRide’s global robotaxi fleet totaled 1,023 vehicles. With the addition of the new GXRs, the company expects its global operating fleet to surpass 2,600 robotaxis this year, advancing its longer-term goal of deploying tens of thousands of vehicles by 2030.
Technical Analysis
Over the past 12 months, WeRide’s stock has declined by 60.21%, with the current price of $6.39 reflecting a significant drop from the 52-week high of $20.50.
The stock is trading below all key moving averages, indicating a bearish long-term trend. Specifically, it is 12.6% below the 20-day SMA and 30% below the 200-day SMA.
The technical indicators further underscore the stock’s challenges. The RSI stands at 31.91, hovering near oversold territory, suggesting a potential reversal or continued weakness. The MACD is currently bearish, with the histogram at -5 cents, indicating downward momentum.
Earnings & Analyst Outlook
WeRide is set to report earnings on March 23, 2026. With the earnings date rapidly approaching, here is what analysts are anticipating:
- EPS Estimate: Loss of 25 cents (Down from loss of 33 cents YoY)
- Revenue Estimate: $22.5 million (Up from $19.29 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $17.08. Recent analyst moves include:
- Bank of America Securities: Initiated with Buy (Target $12.00) (Dec. 1, 2025)
- Citigroup: Initiated with Buy (Target $15.50) (Sep. 29, 2025)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for WeRide, highlighting its strengths and weaknesses compared to the broader market:
- Momentum: Weak (Score: 3.31) — The stock is underperforming the broader market significantly.
The Verdict: Benzinga Edge signal for American Depositary Shares indicates a challenging market position. The low Momentum score indicates that the stock is currently not favored by market dynamics, suggesting that investors should be cautious and monitor for any signs of improvement or further decline.
ETF Exposure
- Roundhill Robotaxi, Autonomous Vehicles & Technology ETF (NASDAQ:CABZ): 4.83% Weight
Significance: Because WRD carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
WRD Price Action: WeRide shares were down 0.78% at $6.32 during premarket trading on Monday, according to Benzinga Pro data.
Photo by WeRide
