Wen Yuan Zhi Xing - Surges over 4% in the morning, CITIC Construction Investment maintains a "Buy" rating

Wen Yuan Zhi Xing-W (00800) rose over 5% in early trading, as of the time of writing, the stock price increased by 4.20%, currently trading at HKD 20.84, with a trading volume of HKD 63.68M.

Wen Yuan Zhi Xing recently achieved two strategic partnerships. The company reached a global strategic cooperation with Lenovo, planning to deploy 200k autonomous vehicles such as Robotaxis worldwide over the next five years. The company also formed a “chip + algorithm” strategic partnership with Xin Qing Technology to promote large-scale implementation of advanced assisted driving solutions.

CITIC Securities previously released a research report stating that Wen Yuan Zhi Xing is a leading global L4 autonomous driving technology company, with operations spanning over 40 cities in 12 countries. By the end of 2026, it plans to deploy 2,600 Robotaxis worldwide. The company’s board has authorized a $100 million share repurchase plan, demonstrating management’s confidence in the company’s long-term value and maintaining a “Buy” rating.

(Edited by: Liu Chang)

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