小马、文远为港股IPO“互掐”背后：全球Robotaxi玩家实力几何？

Core Insights - The capital market's enthusiasm for Robotaxi has surged this year, driven by significant investments and scaling efforts from major players like Loongrun, Waymo, and Tesla [2] - A public accusation from the CFO of WeRide against Pony.ai highlights alleged misleading statements in Pony.ai's IPO roadshow materials, including claims of operational and technical capabilities [3][4] - The competition between WeRide and Pony.ai is intensifying, with both companies facing scrutiny over their operational data and technology safety in a changing investment landscape [6] Company Performance - WeRide's Robotaxi has accumulated a total driving distance of 55 million kilometers, slightly surpassing Pony.ai's 48 million kilometers, with Pony.ai's operational mileage being approximately 27 million kilometers after excluding test mileage [4] - Since its launch in 2022, Pony.ai has completed only 1.04 million paid rides, while WeRide has not disclosed its ride volume [4] - In contrast, competitors like Loongrun and Waymo have established a significant lead, with Loongrun's total autonomous driving distance exceeding 240 million kilometers and Waymo's reaching 154 million kilometers [4][7] Market Dynamics - The outcome of the dispute between WeRide and Pony.ai could significantly impact their market reputation and investor confidence, especially as the autonomous driving industry undergoes cyclical adjustments [6] - The capital market has shifted its focus from grand visions to scrutinizing operational data, technology safety, and business models, emphasizing the importance of real capabilities in gaining market and user trust [6] - Loongrun has reported a weekly order volume exceeding 250,000, with all orders being fully autonomous, and has served over 17 million rides globally, positioning itself as the largest autonomous ride-hailing service provider [7]