WeRide Inc.(US:WRD) Sou Hu Cai Jing·2025-10-20 09:46Core Insights - WeRide Inc. has successfully passed the Hong Kong Stock Exchange hearing and disclosed its post-hearing information on October 19, with CICC and Morgan Stanley serving as joint sponsors [2] Group 1: Company Overview - Founded in 2017, WeRide is the only technology company globally that holds autonomous driving licenses in seven countries: China, UAE, Singapore, France, the USA, Saudi Arabia, and Belgium [5] - The company has expanded its autonomous driving research, testing, and operations in over 30 cities across 11 countries [5] Group 2: Business Expansion - WeRide announced a partnership with Southeast Asian super app Grab to launch its first consumer-facing autonomous driving service in Singapore on September 22 [5] - On September 19, WeRide's Robobus received Belgium's first Level 4 autonomous driving license, further solidifying its status as a leader in the autonomous driving sector [5] - The company launched Saudi Arabia's first Robotaxi trial operation in Riyadh on July 23, marking its third market in collaboration with Uber, with plans to expand to 15 additional cities over the next five years [5] Group 3: Financial Performance - In Q2 2025, WeRide reported revenue of 127 million yuan, a year-on-year increase of 60.8%, with Robotaxi business revenue soaring by 836.7% to 45.9 million yuan [5] Group 4: Investment and Market Outlook - WeRide secured additional investments from major international mobility platforms, including a $100 million equity investment from Uber and several million dollars from Grab [6] - Citigroup raised WeRide's target price to $18.2 and initiated a 30-day upward catalyst observation period, citing the increasing number of Robotaxi deployments and ongoing collaboration with Uber as key growth drivers [7]