智通财经记者 | 张熹珑 编者按："十四五"收官在即、"十五五"征程再启，广州工业大区——广州开发区、黄埔区正加快构 建"12136"现代化产业体系、抢滩战略性新兴产业与未来产业，这也是中国产业抢占全球科技制高点、 赢得发展主动权的缩影。智通财经于12月12日起，推出黄埔区"12136"现代化产业体系系列报道，解锁 黄埔区从制造到"智造"的科技突围密码。 随着瑞士联邦公路局（FEDRO）面向文远知行发放了Robotaxi纯无人牌照，在广州开发区、黄埔区，诞 生了目前实现全球唯一"八国通行"的自动驾驶公司。 就在11月初，文远知行在香港挂牌上市，成为全球首家实现"美股+港股"双重主要上市的自动驾驶科技 企业。这是一个缩影：来自广州黄埔区的前沿科技，正在全球范围内提高声量。 文远知行在纳斯达克挂牌上市 广州国际生物岛上，文远知行自动驾驶小巴穿梭在地铁站和写字楼间，解决通勤"最后一公里"问题，马 路对面的无人环卫车正贴边清扫人行道上的落叶；广州科学城里，萝卜快跑Robotaxi行驶在最右侧车 道，乘客通过APP预约叫车。熟悉的街景和没有司机的车辆，成为黄埔区独具特色的风景线。 得益于天然的区位优势和极佳的政策支持， ...

项目签约、成果推介、经验分享、服务对接……在近日于香港举办的第二十八届北京·香港经济合作研 讨洽谈会（以下简称"洽谈会"）上，京港两地的政府部门及企业进行了深入交流，共同为高质量发展注 入新动能。 据了解，本届洽谈会发布招商引资项目160个，招商总额603.2亿元，涉及企业融资、科技合作、企业出 海等领域；北京国际仲裁院香港中心启用，京港双方在金融、法律、知识产权保护等领域集中签署了一 批合作备忘录。其中开幕式现场签约项目29个，涉及金额近560亿元，涵盖科技服务、商业服务、金 融、生物医药、人工智能等11个重点合作领域。两地合作的"朋友圈"持续扩容。 北京市投资促进服务中心主任杨蓓蓓表示，本届洽谈会展示了两地融入国家战略大局带来的新机遇，呈 现出京港两地各自经济发展的优势和优良的营商环境，搭建了金融服务、人工智能、数字经济、企业出 海等重点领域合作平台，使两地能够在更大范围、更深层次实现合作共赢。 本届洽谈会以"京港携手 联通世界"为主题，设置开幕式、主题推介、专题推介及投资洽谈等环节，邀 请来自京港两地的政府机构、国际商协会、领军企业和工商界知名人士逾800人参会。 聚焦科技创新 身穿西服、头戴礼帽，模仿 ...

双重上市为校招优势再添重磅砝码，让人才培养的承诺有了坚实保障。对于校招英才而言，这意味着薪 资不是"画饼"，成长不是空谈——公司业务已覆盖全球11个国家超30个城市，手握八国自动驾驶牌照， 形成了自动驾驶出租车、小巴、货运车等五大产品矩阵，与雷诺日产三菱联盟、宇通集团、博世等全球 顶级合作伙伴深度绑定，提供了从技术研发到商业化落地的全链条实践场景。 此外，文远知行的赛道优势为人才成长提供了广阔天花板。当前自动驾驶行业已进入高速发展的关键阶 段，特斯拉、华为、小鹏等巨头纷纷入局，而文远知行作为行业第一梯队企业，正处于技术攻坚与规模 扩张的关键期。对于有理想、有抱负的校招人才而言，这里不仅能参与改变人类出行的革命性事业，更 能在行业竞争中积累稀缺经验，实现个人价值与行业发展的同频共振。 从韩旭的育人积淀到公司的实战舞台，从上市企业的规范保障到开放包容的文化氛围，文远知行的校招 优势层层递进、互为支撑。300万起薪是诚意的起点，而在实战中成长、于风口赛道实现理想的完整生 态，才是其吸引全球顶尖校招人才的核心密码。对于渴望突破自我、深耕硬核科技的年轻人而言，文远 知行不仅是一份工作选择，更是一段成就非凡的成长旅程。 ...

Core Insights - The recent IPOs of Xiaoma Zhixing and Wenyuan Zhixing in Hong Kong have raised over 10 billion HKD, but their stock prices have declined significantly, raising concerns about the future of the autonomous driving sector [1][2] - The low stock performance is attributed to the high cash burn nature of the autonomous driving industry, with investors adopting a cautious stance due to the current unfavorable market environment for tech companies [1][2] Company Analysis - Xiaoma Zhixing focuses on providing autonomous driving technology and solutions for global mobility and logistics, while Wenyuan Zhixing has a broader service portfolio covering RoboTaxi, autonomous minibuses, freight vehicles, and sanitation vehicles [2] - Both companies are in the early stages of technology validation and commercialization, with profitability dependent on multiple factors including technological maturity, policy openness, cost control, and market demand [2][3] Market Dynamics - The RoboTaxi industry is facing intense competition, with major players like XPeng Motors and Baidu entering the market, which increases the pressure on existing companies [4][5] - The entry of large corporations is leading to a market reshuffle, with smaller players like AutoX suspending operations due to the competitive landscape [5] Future Outlook - The global RoboTaxi market is projected to grow from 4.4 billion USD in 2025 to 88.9 billion USD by 2034, with a CAGR exceeding 50%, and China expected to become the largest single market [6] - Policy support is crucial for the development of the RoboTaxi industry, with new regulations in China set to facilitate commercial operations [6] Strategic Considerations - Differentiated strategies are essential for companies to navigate the competitive landscape, with Xiaoma Zhixing focusing on major domestic cities and Wenyuan Zhixing pursuing global expansion [6][7] - The ability to integrate technology, establish stable traffic sources, and produce low-cost vehicles will be key to achieving sustainable profitability in the long term [7]

Core Insights - The 15th National Games showcases the integration of technology in sports, enhancing both competitive and recreational aspects of athletics [1][2] - Technological innovations are driving significant growth in the sports industry, with a focus on smart equipment and enhanced event management systems [4][8] Group 1: Technological Innovations in Competitive Sports - The introduction of the domestically developed "Super Perspective" live broadcast system enhances the viewing experience of popular sports like basketball and badminton [4] - Guangzhou has deployed new intelligent ambulances specifically designed for large events, ensuring rapid response to emergencies through a visualized smart dispatch system [6] - The city has also launched multiple autonomous vehicle routes, including 19 self-driving minibuses, to facilitate quick transportation for attendees [7] Group 2: Growth in Recreational Sports and AI Integration - The popularity of sports among the public is rising, with individuals like office workers increasingly utilizing smart sports facilities for relaxation and fitness [8][9] - AI-driven sports equipment, such as smart tennis ball machines, is becoming prevalent, allowing users to analyze their performance through data collection and backend analysis [13] - In Shenzhen, the procurement of AI smart devices in the fitness industry has reached 35%, with an annual growth rate of 40% [15] Group 3: Opportunities in the Sports Industry - The dual forces of rising public interest in sports and technological advancements in top-tier events are propelling China's sports industry into a "golden period" of rapid development [16] - The sports equipment industry in China has grown significantly, with over 63,000 production enterprises and an industry output value increasing from 1.12 trillion yuan in 2015 to over 1.5 trillion yuan, a 34% growth over ten years [18] - The industry is witnessing the emergence of leading companies, with eight listed manufacturers reporting annual revenues exceeding 10 billion yuan, and a total of 146 "little giant" enterprises recognized for their specialization [18]

Core Points - Guangzhou Public Transport Group has launched multiple autonomous driving minibuses during the National Games, providing new travel experiences for citizens and tourists [1][13] - The minibuses are designed with a focus on safety and convenience, featuring various payment options and real-time safety monitoring [5][6][9] Group 1: Autonomous Minibus Operations - The autonomous minibuses operate on several routes including the Tianhe Sports Center demonstration line and the Nansha Sports Center circular line [1][13] - The minibuses are equipped with safety features such as seat belts, emergency buttons, and a safety officer on board [5][11] - The minibuses have a maximum capacity of 6 passengers and require adult supervision for children under 12 [6][11] Group 2: Passenger Experience - Passengers can use the "Yancheng Tong" mobile payment system, with a fare of 2 yuan per person [3][5] - The minibuses provide a comfortable ride with large windows for sightseeing, and passengers can interact with an AI voice assistant for information [9][12] - Feedback from passengers indicates a positive experience, highlighting the spacious design and safety features [9][12] Group 3: Operational Details - The minibuses are currently in a trial phase, operating from November 3 to December 15, with schedules subject to change based on event requirements [12][13] - Some routes have limited service frequency and shorter operating hours compared to previously established autonomous lines [13]

Core Insights - WeRide Inc. has completed a dual primary listing on the Hong Kong Stock Exchange under the stock code 0800.HK, following its initial public offering on NASDAQ in 2024 [1] - The company aims to transform human mobility through autonomous driving technology and holds autonomous driving licenses in seven countries [3] Company Overview - Founded in 2017, WeRide Inc. focuses on developing safe and reliable autonomous driving technologies [3] - The company has established a product matrix that includes autonomous taxis, minibuses, freight vehicles, sanitation vehicles, and advanced intelligent driving solutions [3] - WeRide operates in over 30 cities across 11 countries, including China, UAE, Singapore, France, the USA, Saudi Arabia, and Belgium [3]

Core Insights - WeRide officially listed on the Hong Kong Stock Exchange on November 6, 2023, becoming the first Robotaxi stock in Hong Kong and the first autonomous driving technology company to be dual-listed on both Nasdaq and Hong Kong [1][3] Group 1: Listing Details - WeRide's global offering consisted of 88.25 million shares, with 17.65 million shares allocated for public offering and 70.6 million shares for international placement, priced at HKD 27.1 per share, raising a total of HKD 2.39 billion before the greenshoe option [3][5] Group 2: Company Overview - Founded in 2017, WeRide aims to transform human mobility through autonomous driving and holds autonomous driving licenses in seven countries, including China, UAE, Singapore, France, the USA, Saudi Arabia, and Belgium, conducting R&D, testing, and operations in over 30 cities across 11 countries [5] - WeRide has developed a product matrix that includes autonomous taxis, minibuses, freight vehicles, sanitation vehicles, and advanced intelligent driving, covering smart mobility, smart freight, and smart sanitation applications [5] Group 3: Market Position and Achievements - WeRide has made significant progress in the commercialization of Level 4 autonomous driving, with Robotaxi services operating in Guangzhou and Beijing, providing 24/7 autonomous services at transportation hubs [5] - In key markets such as the Middle East and Singapore, WeRide maintains a lead of at least 18 months over competitors, and in European countries like France, Switzerland, and Belgium, it is the only company to have commercially deployed Level 4 fleets [5]

Core Viewpoint - The dual listing of domestic autonomous driving companies Pony.ai and WeRide on the Hong Kong Stock Exchange marks a significant milestone, establishing a "US + HK" dual primary listing structure for both companies [1] Group 1: Listing Details - Pony.ai and WeRide officially listed on the Hong Kong Stock Exchange on November 6, 2024, following their US listings in October and November 2024 respectively [1] - WeRide's IPO price was set at HKD 27.10 per share, raising a total of HKD 2.39 billion (before the "greenshoe" option), while Pony.ai's IPO price was HKD 139 per share, with a total fundraising of HKD 7.7 billion (after the "greenshoe" option) [1] Group 2: Stock Performance - As of November 6, WeRide's stock price was HKD 23.50, reflecting a decline of 13.28% from its IPO price, while Pony.ai's stock price was HKD 120.3 [4] - Both founders expressed confidence in their companies' future despite initial stock price fluctuations, attributing the volatility to broader market conditions [4] Group 3: Revenue Growth and Business Focus - Pony.ai operates a fleet of over 750 Robotaxis and plans to expand to 1,000 vehicles by year-end, while WeRide has over 1,400 L4 autonomous vehicles globally [5] - WeRide's revenue from Robotaxi and related services was USD 667.7 million in 2024, increasing to USD 865.9 million in the first half of the current year, with the revenue share rising from 13.2% to 31% [5] - Pony.ai reported USD 726.6 million in autonomous driving service revenue for 2024, with a 9.4% share of total revenue, and USD 325.6 million in the first half of the year, maintaining a 9.2% share [5] Group 4: Market Dynamics and Competition - The Robotaxi sector is entering a critical phase driven by both capital and commercialization, with projections indicating significant market growth by 2030 [9] - The cost of sensors and computing units for Robotaxis has significantly decreased, enhancing the competitive landscape [12] - Companies like Xiaopeng Motors and Yuanrong Qixing are also entering the Robotaxi market, intensifying competition [12] Group 5: Strategic Focus and Future Plans - Pony.ai aims to achieve profitability by 2028-2029, with a focus on scaling operations and expanding its fleet [8] - WeRide plans to invest the funds raised from the IPO in recruiting top AI and autonomous driving talent, enhancing GPU infrastructure, and expanding its global Robotaxi fleet [13]

=文远知行是全球L4级自动驾驶产品及解决方案提供商，应用场景覆盖智慧出行及智慧货运和智慧环卫 三大领域，包含Robotaxi、自动驾驶小巴、自动驾驶环卫车、无人物流车及组合辅助驾驶解决方案 ADAS。根据灼识咨询的资料，该公司是全球唯一一家在全球范围内成功大规模商业化从L2级到L4级产 品及解决方案的自动驾驶公司。 以城市道路L4级及以上自动驾驶产生的收入计算，2024年该公司占据21.8%的全球市场份额。此外，该 公司在L2辅助驾驶赛道也取得了重要突破，与全球Tier 1博世联合研发的一段式端到端组合辅助驾驶解 决方案已顺利达成SOP（Start of Production，量产启动）。从项目启动到达成SOP，文远知行仅耗时七 个月，再次刷新行业纪录。 文远知行此次回港上市，获得了产业资本、机构投资者以及专注于成长行业的价值投资者的高度关注， 吸引了包含淡马锡在内的亚洲及中东主权和长线基金，以及包含Uber、Grab、博世等产业投资人。短视 者看短期波动，长期主义者看未来前景，那么，文远知行能否成为长期主义投资者的主战场呢？ AI应用赛道的稀缺标的：全球Robotaxi第一股 今年港股IPO市场已成为全球最 ...