文远知行CFO炮轰小马智行港股路演书造假

Core Viewpoint - The CFO of WeRide, Li Xuan, publicly criticized Pony.ai for allegedly providing misleading information in their roadshow materials for Hong Kong investors, particularly regarding WeRide's operational data and capabilities [2][3]. Group 1: Operational Data and Misrepresentation - Li Xuan refuted Pony.ai's claim that WeRide operates only in Beijing, stating that WeRide provides fully autonomous Robotaxi services in both Beijing and Guangzhou, with over 700 vehicles and more than 2,200 days of public operation records [3]. - The accusation that WeRide has completed zero rides is described as a baseless fabrication [3]. - WeRide's global presence includes operations in 11 countries and 30 cities, with licenses obtained in 7 countries, allowing for fully autonomous operations in 5 of them [4]. Group 2: Technical Competence and Industry Position - Li Xuan questioned Pony.ai's technical capabilities, asserting that WeRide's "end-to-end" production application has been validated by Bosch and Chery, while Pony.ai's claims of achieving L4 autonomy are seen as laughable in the tech community [4]. - The competitive behavior of Pony.ai is characterized as exceeding normal competitive boundaries, with numerous misleading statements aimed at disparaging WeRide [4]. Group 3: Market Position and Financial Performance - Both WeRide and Pony.ai are vying for the title of "global Robotaxi first stock," with both companies having completed their IPO filings in Hong Kong [8][9]. - WeRide was established in 2017 and operates the largest L4 autonomous vehicle fleet, while Pony.ai, founded in 2016, operates in four major cities and plans to expand its fleet to 1,000 vehicles by year-end [10]. - Financially, for the first half of 2025, Pony.ai reported revenue of approximately 25.4 million USD (about 254 million RMB), a 43.3% year-on-year increase, with an adjusted net loss of approximately 74.4 million USD (about 534 million RMB). WeRide reported revenue of 200 million RMB, a 32.8% increase, with an operating loss of 890 million RMB [11].