WeRide-W (00800), hailed as the "global first Robotaxi stock," successfully debuted on the Hong Kong Stock Exchange (HKEX) amid strong demand, with its public offering oversubscribed by 73.44 times. The listing attracted significant interest from industrial capital and institutional investors, cementing its position as a pioneer in autonomous driving.

**Strong Market Reception and Growth Prospects** The IPO saw robust participation, with retail investors scrambling for shares and institutional confidence buoyed by WeRide’s leadership in L4 autonomous driving. The company dominates multiple application segments, including Robotaxi, which has already achieved commercial operations across 11 countries and 30+ cities. Notably, its Robotaxi fleet has logged 55 million autonomous kilometers over 2,200 days of service.

**Technological Edge and Commercial Traction** WeRide’s R&D investments exceeded RMB 3.5 billion since 2022, yielding 594 granted patents in China and 14 overseas. Its WeRide One platform spans L2+ to L4 solutions, while partnerships with Bosch have accelerated ADAS commercialization. Financially, Robotaxi revenue surged 836.7% YoY in Q2 2025, contributing 36.2% of total income. Overseas markets like Abu Dhabi saw fleet triple and daily orders hit 18 per vehicle.

**Industry Tailwinds and Valuation Potential** The global L4 autonomous market, projected to grow at a 238% CAGR to $1.46 trillion by 2030, positions WeRide for exponential gains. Analysts estimate its Robotaxi revenue could reach $21.55 billion by 2030 (12.2% market share), with total revenue hitting $31.36 billion including autonomous buses and logistics. At 5x P/S, its valuation could hit $156.8 billion—a 33.9x upside from IPO levels. Comparisons to NVIDIA (37x P/S) and Tesla (15.6x) suggest conservative estimates.

**Why Long-Term Investors Are Betting Big** 1. **Scarcity and Leadership**: As the first listed Robotaxi player, WeRide benefits from HKEX’s tech IPO boom. 2. **Execution Strength**: Proven cross-border scalability and rapid commercialization. 3. **Massive Upside**: Multi-bagger potential aligns with autonomous driving’s 367% Robotaxi CAGR.

For investors who missed Tesla or NVIDIA, WeRide offers a fresh opportunity to ride the next disruptive wave.