Roundhill Robotaxi ETF Holds 4.83% in WeRide as 2,000 GXRs Planned
Roundhill Robotaxi ETF allocates 4.83% weight to WeRide, which plans to deliver 2,000 next-gen GXR robotaxis by 2026, boosting its global fleet beyond 2,600 units this year. WeRide’s shares have fallen 60.2% over the past 12 months and trade 30% below the 200-day SMA, indicating bearish momentum.
1. ETF Exposure to WeRide
Roundhill Robotaxi, Autonomous Vehicles & Technology ETF allocates 4.83% of its portfolio to WeRide, making the autonomous driving company one of the ETF’s top five holdings. Consequently, any significant inflows or outflows in CABZ could force correlated buying or selling of WeRide shares.
2. WeRide’s GXR Expansion Plan
WeRide has partnered with Zhejiang Farizon New Energy to deliver 2,000 upgraded GXR robotaxis by 2026, with production slated to begin in the third quarter of 2026. This expansion aims to boost WeRide’s global fleet from 1,023 units in January to over 2,600 vehicles by year-end.
3. Share Performance and Technical Trends
WeRide shares have declined 60.2% over the past 12 months and trade 30% below the 200-day simple moving average, while the RSI near 32 signals oversold conditions. The MACD remains in negative territory with a –$0.05 histogram reading, underscoring persistent downward momentum.
4. Implications for ETF Investors
The planned robotaxi rollout and bearish technical indicators could influence CABZ’s net asset value as investor sentiment toward WeRide shifts. ETF managers may adjust allocations based on WeRide’s progress toward large-scale commercialization and subsequent stock performance.