Top 11 Small Cap Stocks to Buy with Biggest Upside Potential

4. WeRide Inc. (NASDAQ:WRD)

Market Cap: $1.81 billion

Analyst Upside: 224.83%

Number of Hedge Fund Holders: 2

WeRide Inc. (NASDAQ:WRD) is headquartered in Guangzhou, China, and develops an autonomous driving technology platform. The company ranks fourth on our list of the best small-cap stocks to invest in with the biggest upside potential, and offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions. Its offerings include smart services in online ride-hailing, environmental sanitation, on-demand transport, and urban logistics.

The company is focusing on expanding its operations, and analysts are bullish on the stock. On April 2, it announced a partnership with Uber and Dubai’s Road and Transport Authority to integrate its self-driving robotaxis into Dubai’s public transportation system. This marks a considerable milestone in the company’s operations and autonomous mobility after WeRide Inc.’s (NASDAQ:WRD) historical attainment of the UAE’s first national license for self-driving vehicles on public roads in 2023. The company thus holds a significant market position as the leading autonomous mobility technology provider in the Middle East. This initiative corresponds with Dubai’s Self-Driving Transport Strategy, which aims to transition 25% of all journeys in the city into autonomous trips by 2030 and brings optimism to the company’s future operations in the city.

WeRide Inc.’s (NASDAQ:WRD) collaboration marks the first time that AVs will be available on Uber outside the United States. The company aims to increase the number of Robotaxi on the Uber platform to 50 by mid-2025. It also launched its first strategic Robotaxi pilot project in Switzerland in January and is well-positioned to capitalize on this transition.