WeRide Inc.(US:WRD) Globenewswire·2025-11-06 21:39Core Viewpoint - WeRide has officially listed on the Hong Kong Stock Exchange, becoming the first Robotaxi company to be publicly traded in both Hong Kong and the United States, marking a significant milestone in the autonomous driving industry [2][3]. Group 1: Listing Details - WeRide issued a total of 88.25 million shares at a price of HKD 27.1 per share, raising approximately HKD 2.39 billion before the greenshoe option [2]. - The CEO, Tony Han, has signed a three-year lock-up agreement, demonstrating confidence in the company's fundamentals and growth prospects [2]. Group 2: Company Achievements - WeRide is the only company globally to have its products licensed for autonomous driving in seven countries, including China, UAE, Singapore, Saudi Arabia, France, Belgium, and the USA [5]. - The company operates over 1,500 L4 autonomous vehicles, with more than 700 being Robotaxis, and has partnered with Uber to operate the largest commercial Robotaxi fleet outside of China and the USA [5]. Group 3: Technological Advancements - WeRide's autonomous driving technology spans L2 to L4 levels, providing services such as Robotaxi, Robobus, Robosweeper, and Robovan, supported by the self-developed WeRide GENESIS simulation engine [4]. - The company has achieved significant milestones in commercializing L4 autonomous vehicles, with operations in major cities like Guangzhou and Beijing, and maintaining a lead of at least 1.5 years over competitors in key markets [6]. Group 4: Future Plans - WeRide aims to deploy tens of thousands of Robotaxis by 2030, continuing to expand its global commercial operations and technological development [5][6]. - The company is committed to creating a safer, more efficient, and sustainable smart mobility ecosystem through partnerships with global leaders like NVIDIA, Bosch, and Renault-Nissan [5][7].