NEW YORK, June 3, 2026, 05:05 EDT
- WeRide’s ADSs on Nasdaq finished Tuesday at $7.75. The company said it is teaming up with Uber on a robotaxi plan in Madrid.
- The company said it bought back shares in Hong Kong on June 2 for HK$4.27 million.
- CLSA held its $11 U.S. price target on WRD and began coverage of WeRide’s Hong Kong stock at Outperform, according to AAStocks.
WeRide Inc. faces Wall Street on Wednesday as investors look at its robotaxi launch in Europe and a recent buyback, while public market history for the company is still limited. The company’s Nasdaq-traded ADSs finished at $7.75 Tuesday, off 0.8% from Monday on roughly 2.5 million shares changing hands.
The time is key since the main Nasdaq market hadn’t started trading yet in New York. Regular hours are 9:30 a.m. to 4:00 p.m. Eastern time. Traders can access pre-market from 4:00 a.m. June 3 doesn’t appear on Nasdaq’s list of 2026 market holidays.
WeRide is using Madrid to see if its robotaxis can scale up from pilots and some commercial rollouts to bigger city markets. Robotaxis are self-driving cars that carry paying riders. The Madrid launch will start with trained operators in the vehicles, a slower approach that is usually safer before full rollout.
WeRide and Uber said Tuesday they will start Spain’s first commercial robotaxi pilot in Madrid later this year. Riders will book trips in the Uber app, and AVOMO, part of Moove Cars Group, will run the fleet. The companies said they expect to scale up in phases, potentially bringing in hundreds of robotaxis as targets are hit.
The company bought back 201,500 Class A shares on the Hong Kong Stock Exchange on June 2 for HK$4.27 million, a U.S. filing said. The repurchased shares will go to treasury stock instead of being cancelled. The same filing showed WeRide had repurchased 35.75 million shares since the March 13 mandate.
WeRide CEO Dr. Tony Han said the Madrid launch proved the company can run in “complex real-world conditions.” Uber’s Sarfraz Maredia pointed to a “clear regulatory path.” Manuel Puga, Moove Cars Group CEO, called the deal “an important milestone” for AVOMO’s reach outside its home market. Uber Investor Relations
More rivals are moving in. El País said Madrid’s launch lands as Alphabet’s Waymo and Tesla look to grow autonomous vehicles elsewhere, turning Europe into a test ground for ride-hailing firms, carmakers and self-driving tech players trying out new business ideas.
Shares of WeRide in Hong Kong ended at HK$21.20 on June 3, slipping from HK$21.28. Over in the U.S., the Nasdaq Composite edged up 0.03% on Tuesday, Investing.com data showed.
CLSA kept its U.S. target price for WeRide at $11 and started coverage of its Hong Kong stock at Outperform with a HK$29 target, AAStocks said. WeRide shares saw a sell-side boost in the last day. The firm also told clients that both WeRide and Pony AI could get added to Shanghai-Shenzhen-Hong Kong Stock Connect on June 4, allowing some mainland investors to buy their Hong Kong shares.
WeRide’s growth story still depends on scaling up. First-quarter revenue came in at RMB114.1 million ($16.5 million), up 57.6% year over year, but net loss widened to RMB389.1 million. The numbers point to commercial rollout sprinting ahead of profits—WeRide needs more robotaxi launches for any real earnings lift.
The catch is clear. The Madrid launch stays on track for later this year and isn’t live yet. The companies stuck to their standard warnings, flagging risk in their outlooks and pointing to the need for regulatory sign-off. Delays in permits, lapses in safety, poor ridership or higher fleet bills would hit the core argument that partners help WeRide get bigger without loading its balance sheet.
Next up, traders are watching if news out of Madrid and the buyback keep WRD up. Some in the market see the announcement as just another pilot in a space still searching for proof that driverless rides make money at scale.
