WeRide

WRD.US staged a rebound intraday on July 17, closing at $5.98, down 2.76% from the prior close of $6.15 but rallying 5.84% from the session low of $5.65. The move was driven by a series of expansion updates: the company unveiled a physical AI cognitive foundation model called WITT, expanded its partnership with Bosch to test an end-to-end intelligent driving system in Europe and Japan, and announced a joint venture with Geely Farizon and Kwoon Chung to launch right-hand-drive robotaxis in Hong Kong. The stock opened at $5.81, climbed to an intraday high of $6.055, and pulled back slightly into the close. Despite the day's gains, the stock remains over 52% below its 52-week high of $12.55, trades below its 60-day moving average of $6.78, and is down 36.32% year-to-date. Ongoing share repurchases and a HKEX waiver for founders' family trust transfers signal management confidence, though the company's negative earnings (PE of -8.36) continue to weigh on valuation.

WeRide staged a single-session rally during regular trading, closing up 5.05% at $6.03, driven by the HKEX waiver allowing founder share restructuring via family trusts, an expanded partnership with Bosch for end-to-end intelligent driving testing in Europe and Japan, and recent commercialization of right-hand-drive robotaxis in Hong Kong. Despite Q1 revenue surging 65.58% YoY to $16.5 million, net loss remained at $56.3 million with a net margin of -340.9%. The stock trades 51.95% below its 52-week high of $12.55, above its 20-day MA ($5.79) but still below the 60-day MA ($6.88), indicating improved short-term momentum with a bearish long-term trend. However, post-market activity saw the stock slip to $5.72, suggesting profit-taking.