Robotics stocks soar after reports that the Trump administration is preparing major support for the robotics industry, signaling a shift toward “physical AI” and advanced automation.
Bank of America initiates coverage of WeRide with a Buy rating and $12 price target, expecting strong growth in global Level 4 autonomous driving and profitability by 2029.
XPeng plans to roll out three self-developed robotaxi models next year using its own chips, software, and hardware, marking a first for a Chinese automaker.
Uber Technologies plans $100M+ investments in Pony AI and WeRide's Hong Kong listings, strengthening partnerships with Chinese autonomous vehicle companies in global robotaxi expansion.
Citi initiated "Buy" coverage on leading China robotaxi operators, WeRide and Pony AI, predicting massive market growth through 2035, signaling an industry inflection point.
