WeRide Inc.(US:WRD) Sou Hu Cai Jing·2025-10-31 06:52Core Viewpoint - The article discusses the growth and operational performance of Xiangdao Mobility, a leading comprehensive smart travel platform in China, which is expanding its services in the ride-hailing and Robotaxi sectors. Group 1: Company Overview - Xiangdao Mobility is positioned as a leading all-scenario smart travel platform in China, offering ride-hailing, vehicle rental, vehicle sales, and Robotaxi services to meet diverse travel needs [1]. - The company was initiated by SAIC Motor Corporation and has gradually attracted key investors from the industry chain, including Momenta (autonomous driving solutions), Amap (map services), and CATL (power battery supplier) [2]. Group 2: Operational Data - In 2024, Xiangdao Mobility achieved an average of over 600,000 daily orders, with a total transaction value (GTV) exceeding RMB 5.5 billion [3]. - As of June 30, 2025, the company's ride-hailing services have expanded to cover 85 cities across China [3]. Group 3: Financial Performance - The revenue for Xiangdao Mobility for the years 2022, 2023, 2024, and the first half of 2025 was approximately RMB 4.729 billion, RMB 5.718 billion, RMB 6.395 billion, and RMB 3.013 billion respectively [4]. - The gross profit for the same periods was approximately RMB 494.87 million, RMB 376 million, RMB 448 million, and RMB 341 million respectively [4]. - The company is anticipated to follow in the footsteps of other ride-hailing firms like Dida Chuxing, Cao Cao Mobility, and Ruqi Chuxing in potentially listing on the Hong Kong stock exchange [4]. Group 4: Market Trends - The article notes that two leading domestic Robotaxi companies, WeRide and Pony.ai, have successfully listed on NASDAQ and are now initiating their IPO processes in Hong Kong, indicating a trend of dual listings in both US and Hong Kong markets [6][7].