WeRide (WRD) Stock Valuation: Assessing Tencent and Geely Robotaxi Expansion Moves

WeRide (WRD) has partnered with Tencent Cloud and Geely's Zhejiang Farizon to expand its Robotaxi rollout and access global markets. Despite recent agreements, the company's share price has declined 63.86% over the past year, and its revenue growth of 36% a year is offset by significant losses. The dual deployment of L4 robotaxis and L2+ ADAS in mass production vehicles can spread R&D spending and potentially support higher group level margins. The valuation rests on rapid top-line expansion and a future earnings profile that looks different from today.