WeRide Inc.(US:WRD) 3 6 Ke·2025-10-20 01:33Core Insights - WeRide Inc. has successfully passed the Hong Kong Stock Exchange hearing and plans to complete a dual listing in the U.S. and Hong Kong [1] - The company is the only technology firm globally with autonomous driving licenses in seven countries, including China, UAE, Singapore, France, the U.S., Saudi Arabia, and Belgium [2] Group 1: Global Expansion and Partnerships - Founded in 2017, WeRide has expanded its autonomous driving operations to over 30 cities across 11 countries [2] - The company has partnered with Grab to launch its first consumer-facing autonomous driving service in Singapore [2] - WeRide's Robobus received the first Level 4 autonomous driving license in Belgium, solidifying its status as a leader in the autonomous driving sector [2] - The company has initiated Robotaxi pilot operations in Riyadh, Saudi Arabia, marking its third market in collaboration with Uber [2] Group 2: Financial Performance and Investments - WeRide reported a revenue of 127 million yuan in Q2 2025, reflecting a year-on-year growth of 60.8%, with Robotaxi business revenue soaring by 836.7% to 45.9 million yuan [3] - The company has secured significant investments from major international ride-hailing platforms, including an additional $100 million from Uber and several million dollars from Grab [3] - Citigroup has raised WeRide's target price to $18.2, citing positive developments in Robotaxi operations and expected fleet expansion in the Middle East [3]