HK Stock Market Move | WERIDE-W(00800) rose more than 5% in early trading, and has recently achieved two major strategic partnerships. The global expansion of Robotaxi continues.

WERIDE-W(00800) rose more than 5% in the morning session, rising 5% to HK$21 at the time of writing, with a trading volume of HK$22.87 million. On the news front, WeRide recently reached two strategic partnerships. The company has reached a global strategic partnership with Lenovo, expecting to deploy 200,000 Robotaxi and other autonomous driving vehicles worldwide within the next five years. The company has also reached a "chip + algorithm" strategic partnership with Horizon Robotics to promote the large-scale implementation of advanced driver assistance solutions. China Securities Co., Ltd. previously released a research report stating that WeRide is a leading global L4 level autonomous driving technology company, with operations in over 40 cities in 12 countries. By the end of 2026, they plan to deploy 2,600 Robotaxi globally. The board of directors has authorized a $100 million share repurchase plan, demonstrating management's confidence in the long-term value of the company, maintaining a "buy" rating.