European Autos "WAYVE: The European AV Hopeful" Hummel

研报英文原文证据摘录

European Autos "WAYVE: The European AV Hopeful" Hummel

Global Research

17 June 2026ab

European Autos Equities

Europe including UKWAYVE: The European AV Hopeful

Automobiles

Patrick Hummel, CFA

Potentially a key OEM partner for the era of AI-based autonomous vehicles (AV) Analyst

Wayve has emerged as one of the leading players in the race to AI-based autonomous patrick.hummel@ubs.com

driving (AD). With an end-to-end AI based approach, Wayve has developed an AD +41-44-239 52 54

software designed to operate without geofencing in all traffic environments and Zehua Jiang

geographies. Wayve’s product is completely silicon- and sensor-agnostic. This, in our Analyst

view, makes the company a potentially attractive partner for OEMs as they remain in zehua.jiang@ubs.com

control over hardware and design. Unlike other vertically integrated AD companies +44-20-7567 0860

(Tesla, Waymo), Wayve positions itself as a tech partner for OEMs and mobility platforms David Lesne

rather than a competitor. Wayve has signed multiple partnerships with several OEMs and Analyst

Uber, with commercial rollouts planned from 2027. Headquartered in London (UK), the david.lesne@ubs.com

company is operating test fleets also in the US, Germany, Japan and Canada. +33-14-888 3034

Shareholders in the company include AI chip companies (Nvidia, Qualcomm, AMD), Juan Perez-Carrascosa

OEMs (Mercedes-Benz, Nissan, Stellantis) and various financial investors. In the last Analyst

funding round of 2026, Wayve was valued $8.6bn post-money. juan-perez.carrascosa@ubs.com

+34-91-436 9025

TAM: AV are a >$2trn opportunity; markets are inflecting in the next 2-3 years

Wayve’s focus lies on AD for cars; the same software stack can be used for private-use

cars and robotaxis for maximum synergies and scale.