Vi e w p o i n t | WeRide (WRD.O/0800.HK) Initiating Coverage on WeRide-H at Buy/High Risk Ongoing Robotaxi cost reduction — Due to anticipated cost reduction on scale effect and technology improvements, we expect full vehicle cost per Robotaxi in China to decline at -6% CAGR (2025-30E) to US$32.4k in 2030E and -3$28.2k in 2035E. Major milestone since 2025 (Figure 1) — Per company announcement on 2-Oct- 2025, WeRide has launched Robotaxi and Robobus Pilots in Ras Al Khaimah, expanding ...