WeRide Inc.(US:WRD) 智通财经网·2025-10-19 22:53Core Viewpoint - WeRide Inc. (文远知行) is advancing in the L4 autonomous driving sector and has recently passed the listing hearing on the Hong Kong Stock Exchange, with CICC and Morgan Stanley as joint sponsors [1]. Company Overview - WeRide Inc. is a global pioneer in the L4 autonomous driving field, with its products and solutions deployed in over 30 cities across 11 countries, including China, UAE, Saudi Arabia, Switzerland, France, Singapore, Japan, etc. [4] - The company operates one of the first large-scale commercial autonomous taxi services in both China and the Middle East [4]. Market Position - According to Zhaoshang Consulting, WeRide ranks second globally in revenue generated from L4 and above autonomous driving on urban roads, holding a market share of 21.8% in 2024 [4]. - The company has established a balanced expansion strategy, focusing on major cities in China and internationally where autonomous driving applications show significant long-term potential [4]. Fleet and Operations - WeRide currently operates a fleet of over 1,500 autonomous vehicles, including more than 700 autonomous taxis, with over 100 of these taxis located in the Middle East [4]. - The company believes that autonomous taxis can provide superior unit economics and higher profitability [4]. Competitive Advantage - WeRide has a significant first-mover advantage in key overseas markets, being the only company to successfully deploy L4 autonomous driving solutions in France, Switzerland, and Belgium [5]. - In Singapore, WeRide is the only company operating both autonomous taxis and minibuses, leading the next market entrant by at least 1.5 years in L4 development [5]. - In the UAE, WeRide leads the second company in L4 deployment by over two years and is the first globally to conduct fully driverless tests outside of China and the US [5]. Financial Performance - The company's total revenue for the six months ending June 30 for the years 2022 to 2025 is projected as follows: approximately 528 million RMB in 2022, 402 million RMB in 2023, 361 million RMB in 2024, and 200 million RMB in 2025. Corresponding losses are expected to be approximately 1.298 billion RMB, 1.949 billion RMB, 2.516 billion RMB, and 792 million RMB respectively [7][8].