WeRide Passes Hong Kong Listing Hearing, Poised to Become “First Robotaxi Stock” on HKEX

Core Insights - WeRide Inc. has successfully passed its listing hearing with the Hong Kong Stock Exchange, positioning itself to become the first Robotaxi stock in Hong Kong, addressing a gap in the market for publicly traded autonomous-driving companies [1] - The company went public on Nasdaq on October 25, 2024, marking it as the world's first publicly listed Robotaxi company and the first general autonomous-driving company to be listed [2] Financial Performance - In Q2 2025, WeRide reported revenue of CNY 127 million (USD 17.9 million), reflecting a 60.8% year-on-year increase, with its Robotaxi business contributing CNY 45.9 million (USD 6.46 million), an 836.7% increase from the previous year, accounting for 36.1% of total quarterly revenue, the highest since 2021 [3] - For the first half of 2025, WeRide's revenue reached CNY 200 million (USD 28.2 million), a 33.3% increase year-on-year [4] Cash Position - As of June 30, 2025, WeRide held CNY 3.84 billion (USD 540 million) in cash and cash equivalents, CNY 252 million (USD 35 million) in term deposits, and CNY 1.74 billion (USD 245 million) in financial assets measured at fair value [4] Operational Footprint - Founded in 2017, WeRide operates in 11 countries and over 30 cities, holding autonomous-driving licenses in seven countries, making it the only company globally with such a breadth of licenses [5] - The company operates over 1,500 Level-4 autonomous vehicles, with more than 55 million kilometers of safe driving on public roads, and has the largest Robotaxi fleet in the Middle East [6] Strategic Partnerships - In September 2024, WeRide formed a strategic partnership with Uber to deploy its autonomous vehicles on the Uber platform, starting in the UAE [5] - In August 2025, Grab announced plans to invest tens of millions of U.S. dollars in WeRide, with the deal expected to close by mid-2026 [5] Management and Shareholding - Executive directors Dr. Han Xu and Dr. Li Yan hold 72.1% of voting rights, ensuring strong management control, with major shareholders including Yutong Group (7.1%), Qiming Venture Partners (6.7%), Alliance Ventures (6.8%), and NVIDIA Corporation [6] Competitive Landscape - WeRide's competitor, Pony.ai, has also passed its Hong Kong listing hearing, indicating a competitive race between the two leading Robotaxi developers in attracting global investor interest in autonomous-driving technology [7]