0850 GMT - Chinese regulators' increased scrutiny of the robotaxi industry could be a tailwind for WeRide, HSBC Global Research analysts say. Stricter oversight will ultimately raise industry entry barriers, easing competition and reinforcing the positioning of firms like WeRide with strong safety and compliance records. HSBC keeps a buy call on WeRide, noting encouraging trends like a near-doubling in the number of its registered robotaxi users in China in 1Q. The company also continues to make progress in expanding overseas, including launching Dubai's first fully driverless commercial robotaxi service. HSBC maintains the U.S.-listed stock's target price at $11.40. Shares last closed at $7.65.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 14, 2026 04:51 ET (08:51 GMT)
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