WeRide Inc.(US:WRD) Benzinga·2025-11-04 09:21Group 1: WeRide Inc. Share Sale - WeRide Inc. raised over $308 million through the sale of over 88 million shares priced between HK$27.10 and HK$35 ahead of its Hong Kong Stock Exchange debut on November 6 [1][2] - The share sale generated over HK$2.39 billion ($308 million), with the potential to increase to $354 million if the greenshoe option is exercised [2] Group 2: Utilization of Funds - The funds raised from the listing will be used to develop Robotaxi technology, expand into new markets, and scale up commercialization [3] Group 3: Industry Developments - Baidu's Robotaxi service, Apollo Go, recently achieved a milestone of 250,000 weekly rides after completing over 140 million driverless miles and 17 million Robotaxi orders [4] - Uber signed a deal with Nvidia to deploy over 100,000 Robotaxis by 2027 and has a separate agreement with Lucid Group for 20,000 Robotaxis over the next six years [5] - Uber's CEO predicts that all cars will be autonomous in the next 20-plus years, with a focus on autonomous technology in the upcoming earnings call [6] - Tesla's Cybercab was spotted testing in California, indicating progress in its production plans at the Gigafactory in Texas [7]