WeRide Inc.(US:WRD) IPO早知道·2025-10-19 13:34Core Viewpoint - WeRide Inc. is the only technology company globally that holds autonomous driving licenses in seven countries, indicating a strong position in the autonomous vehicle market and a successful global expansion strategy [2][3][4]. Group 1: Company Overview - WeRide Inc. plans to achieve a dual listing in the U.S. and Hong Kong through Chapter 18C [3]. - The company was established in 2017 and has expanded its autonomous driving research, testing, and operations to over 30 cities across 11 countries [3]. Group 2: Global Expansion and Partnerships - Recent partnerships include collaboration with Grab to launch the first consumer-facing autonomous driving service in Singapore [4]. - WeRide's Robobus received the first L4 autonomous driving license in Belgium, further solidifying its status as a leader in the industry [4]. - The company has initiated Robotaxi pilot operations in Riyadh, Saudi Arabia, marking its third market in collaboration with Uber, with plans to expand to 15 additional cities over the next five years [4]. Group 3: Financial Performance - In Q2 2025, WeRide reported revenue of 127 million yuan, a year-on-year increase of 60.8%, with Robotaxi business revenue soaring by 836.7% to 45.9 million yuan [5]. - The company has secured significant investments from major international ride-hailing platforms, including an additional $100 million from Uber and several million dollars from Grab [5]. Group 4: Market Outlook - Citigroup recently raised WeRide's target price to $18.2, reflecting optimism about the company's growth potential driven by its expanding Robotaxi operations in the UAE and the Middle East [6]. - The expected fleet expansion in the Middle East is projected to reach 200 vehicles by the end of 2025 and 500-700 vehicles by 2026 [6].