Core Viewpoint - The company, WeRide (文远知行-W), is set to launch its global IPO from October 28 to November 3, 2025, aiming to raise approximately HKD 2.93 billion, with a maximum public offering price of HKD 35 per share [1][2]. Group 1: Company Overview - WeRide is a leading autonomous driving technology company operating in over 30 cities across 11 countries, holding licenses for autonomous driving in seven countries [1]. - The company has over 1,500 autonomous vehicles, including more than 700 robotaxis, with a significant presence in the Middle East [1]. - WeRide holds a 21.8% market share in the revenue generated from Level 4 and above autonomous driving on urban roads as of 2024 [1]. Group 2: Financial Performance - In Q2 2025, WeRide reported revenue of HKD 127 million, a year-on-year increase of 60.8% [2]. - The robotaxi business generated revenue of HKD 45.9 million in Q2, marking a substantial year-on-year growth of 836.7%, setting a new quarterly record since the company's inception [2]. - The proportion of robotaxi revenue in total revenue rose to 36.1% in Q2, the highest since 2021 [2]. Group 3: Future Plans and Use of Proceeds - The estimated net proceeds from the global offering will be approximately HKD 2.93 billion, assuming the maximum share price and no exercise of the over-allotment option [2]. - The company plans to allocate about 40% of the proceeds for the development of autonomous driving technology, another 40% for the commercialization and mass production of Level 4 fleets, and 10% for establishing marketing teams and branches to expand into more markets [2].