WeRide (WRD), valued at $2.8 billion, offers autonomous driving solutions for various industries. Stocks surged 15% post impressive Q3 results, showing a 761% rise in robotaxi revenue and 144% sales increase. WeRide operates over 1,600 autonomous vehicles globally and secured driverless robotaxi permits in Abu Dhabi and Switzerland.

WeRide’s unique strategy combines Level 4 autonomous robotaxis with Level 2 driver assistance systems. It aims for profitability by replicating its Abu Dhabi model in markets with high taxi fares. Analysts forecast sales to grow from $50 million in 2024 to $533 million in 2027, with projected earnings per share of 4 cents in 2027.

Read more at Yahoo Finance: This Under-$10 Stock Just Reported a 700% Surge in Robotaxi Revenue. Should You Buy Shares Here?