WeRide Buyback and Madrid Robotaxi Deal Put Traders on Watch
WeRide’s Nasdaq ADSs closed at $7.75 Tuesday, down 0.8%. The company said it will launch Spain’s first commercial robotaxi pilot with Uber in Madrid later this year, using AVOMO to operate the fleet. WeRide repurchased 201,500 Class A shares in Hong Kong on June 2 for HK$4.27 million. CLSA maintained its $11 U.S. price target and rated the Hong Kong stock Outperform.