Kwoon Chung Bus Holdings Limited

WeRide Inc. has declined more than 44% over the past six months, yet analysts maintain a bullish outlook with a 12-month average price target suggesting over 150% upside. The positive sentiment is based on significant partnerships and expansion news throughout June 2026. On June 22, WeRide announced a partnership with Geely Farizon and Kwoon Chung Bus Holdings to jointly develop Robotaxis for right-hand-drive markets, filling a market gap as no such vehicles exist yet. Earlier on June 17, the company partnered with Uber to launch commercial Robotaxi services in the Greater Zurich Region, following an earlier European deployment announcement in Madrid, with operations expected to start later this year pending regulatory approval.

WeRide announced new collaborations with Geely Farizon, Kwoon Chung and Uber to jointly develop and deploy purpose-built Robotaxis for right-hand-drive markets and launch commercial Robotaxi services in Hong Kong and Zurich. The partnerships aim to leverage local partners and regulatory frameworks, expanding WeRide's addressable market and deepening its operational footprint across both traffic systems. The Zurich launch with Uber tests WeRide's asset-light model in a high-fare, highly regulated European market, which could directly feed into utilization and revenue density if ride volumes are sustained. WeRide's narrative projects CN¥6.7 billion revenue and CN¥358.0 million earnings by 2029, requiring 136.1% yearly revenue growth and a roughly CN¥2.1 billion earnings increase from CN¥-1.7 billion today.