WeRide Lists on Hong Kong Stock Exchange, Becoming World's First Publicly Traded Robotaxi Company in Hong Kong and US

Core Viewpoint - WeRide has successfully listed on the Hong Kong Stock Exchange, becoming the first Robotaxi company to be publicly traded on both Hong Kong and US exchanges, marking a significant milestone in the autonomous driving industry [2][6]. Company Overview - Founded in 2017, WeRide is a global leader in autonomous driving technology, having achieved a dual primary listing on HKEX and NASDAQ [6][14]. - The company operates a fleet of over 1,500 Level 4 (L4) autonomous vehicles, including more than 700 Robotaxis, and holds autonomous driving permits in seven countries [8][14]. Financial Highlights - Under its Hong Kong listing, WeRide issued 88.25 million shares at an offer price of HKD 27.1 per share, raising approximately HKD 2.39 billion [3]. - The listing broadens WeRide's investor base and access to capital markets, facilitating deeper investment in technology R&D [6]. Leadership Commitment - Dr. Tony Han, Founder and CEO, has committed to a three-year lock-up on his shares, reflecting confidence in the company's fundamentals and long-term vision [4]. Technological Advancements - WeRide's proprietary WeRide One platform supports a range of products and services from Level 2 to Level 4, including Robotaxi, Robobus, and Robosweeper [7]. - The company has developed a closed-loop simulation engine, WeRide GENESIS, which reduces road testing costs and accelerates product iteration [7]. Global Operations - WeRide has commercial operations in major cities, including fully driverless Robotaxis in Guangzhou and Beijing, and maintains a first-mover advantage in markets like the Middle East and Singapore [10]. - The company plans to deploy tens of thousands of Robotaxis by 2030 [8]. Strategic Partnerships - WeRide has attracted investments from leading global companies such as NVIDIA, Bosch, Uber, and Grab, enhancing its strategic position in the industry [9]. Industry Recognition - WeRide has been recognized on Fortune's Change the World list and Global Future 50, ranking 16th this year, the highest among Chinese companies [12].