资料图。本文来源：凤凰网股票 文远知行CFO炮轰小马智行港股路演书造假 10月31日消息，据某分析师透露，10月30日晚，文远知行CFO李璇在分析师群里发长信息，直 指小马智行在给香港投资人的路演材料中，存在对文远的不实数据指控，并作出正面回应与驳 斥。 李璇指出，运营数据方面，小马智行所谓"文远知行仅有北京1个地区"的说法是对投资者的公然 欺骗和误导。文远知行APP已公开在北京、广州提供纯无人Robotaxi服务。文远知行拥有 700+robotaxi车队、超过2200天的公共运营记录，以及在北京、广州、中东等多地的商业化 robotaxi运营，在招股书中清晰可查。"已完成单数为0"的指控，是毫无事实基础的捏造。 李璇还质疑小马智行的技术实力，称其"一段式端到端"量产应用已获博世、奇瑞佐证。而"小 马"在无规模化L2+项目的前提下，宣称文远只有两段式，小马实现L4完全一段式端到端，此举 在技术界恐成笑谈。 此外，李璇还提到文远知行的全球布局，称其在11国30城运营，于7国获牌，其中5国可进行纯 无人活动，此为行业共识。 李璇强调，小马的行为已超出正常竞争范畴。小马在路演和材料中有诸多片面不实、刻意贬低 文远 ...

Core Viewpoint - The competition for the title of "Global Robotaxi First Stock" has intensified as both WeRide and Pony.ai received approval for overseas listings, each claiming the title, leading to market confusion regarding their actual standings [1][2]. Group 1: Company Listings and Claims - Both WeRide and Pony.ai have claimed the title of "Global Robotaxi First Stock," with WeRide listing on NASDAQ on October 25, 2024, and Pony.ai following a month later on November 27, 2024 [2]. - The one-month difference in listing dates has significant implications for their claims to the title, as the concept of "first" is inherently singular [2]. Group 2: Global Operations and Market Position - WeRide is the only company globally to have obtained autonomous driving licenses in seven countries, operating in over 30 cities across 11 countries, showcasing a strong global presence [7]. - The partnership between WeRide and Uber in the Middle East has led to the establishment of a significant commercial Robotaxi fleet, with plans to expand operations to 15 major cities globally within five years [9]. Group 3: Business Models and Revenue Generation - WeRide's business model focuses on a light-asset approach, collaborating with local operators to generate revenue through hardware sales, software licensing, and profit-sharing, breaking the cycle of "burning cash" typical in autonomous driving companies [14]. - In contrast, Pony.ai has concentrated its efforts on the domestic market, emphasizing a "first-tier city priority strategy" but faces limitations in scaling due to the inherent constraints of operating in major cities [16]. Group 4: Financial Performance and Commercialization - WeRide reported a revenue of 127 million yuan in Q2, a 60.8% year-on-year increase, with Robotaxi revenue reaching 45.9 million yuan, a staggering 836.7% increase, accounting for 36.1% of total revenue [20]. - Pony.ai's Q2 revenue was higher at 154 million yuan, but its Robotaxi revenue was only 10.9 million yuan, significantly lower than WeRide's, indicating a disparity in their commercial success [20]. Group 5: Long-term Development and Future Prospects - Pony.ai's strategy includes the launch of its seventh-generation Robotaxi, which aims for cost reductions and profitability, with plans to deploy 1,000 units globally by the end of the year [26]. - WeRide has introduced the HPC3.0 high-performance computing platform, significantly reducing the cost of autonomous driving systems, positioning itself for rapid expansion [28]. - The competition in the Hong Kong market between these two companies will not only focus on who lists first but also on whose business model can withstand the test of time [28].