Core Viewpoint - WeRide is enhancing its strategic partnership with Tencent Cloud to accelerate the commercial deployment of its Level-4 robotaxi services and expand its global market reach [1][5]. Group 1: Partnership and Technology Development - The collaboration builds on a previous partnership established in April 2024, now focusing on integrating self-driving technology into Tencent's platforms like WeChat and Tencent Maps [2]. - Users will be able to hail WeRide robotaxis directly through Tencent's Smart Transportation Mini Program, making the service more accessible [2]. - The companies will co-develop a data-driven platform that combines cloud computing and advanced mapping tools to support data compliance and expedite the mass production of smart driving technologies [4]. Group 2: Financial Performance and Market Position - WeRide's revenues declined approximately 10% last year, totaling $49 million, prompting the need for enhanced R&D and commercial operations through Tencent Cloud's infrastructure [3]. - The partnership aims to leverage localized cloud services to efficiently scale WeRide's presence in international markets, where it already has a first-mover advantage [3]. Group 3: Competitive Landscape - WeRide's collaboration with Tencent is expected to intensify competition with rivals such as Alphabet's Waymo and Baidu [6]. - Waymo is a leader in the U.S. robotaxi market, providing over 250,000 paid rides weekly and heavily investing in safety and AI [7]. - Baidu's Apollo Go has established a fleet of 1,000 vehicles and has completed over 11 million ride orders, indicating its ambition to expand internationally [8]. Group 4: Stock Performance and Valuation - WeRide's shares have decreased by 28% year-to-date, contrasting with the industry's growth of 3.2% [9]. - The company trades at a forward price-to-sales ratio of 9.68, significantly higher than the industry average, and carries a Value Score of F [10]. - The Zacks Consensus Estimate predicts a year-over-year earnings increase of 64% for 2025 and 51% for 2026 [11].

Core Insights - WeRide has signed an expanded strategic cooperation agreement with Tencent Cloud to enhance its autonomous driving R&D, Robotaxi commercialization, and international market expansion [1][3][4] Group 1: Partnership Details - The partnership will focus on the commercial deployment of Level-4 autonomous Robotaxis, integrating WeRide's services into Tencent's platforms like Weixin/WeChat and Tencent Maps [3][4] - Both companies will collaborate to develop intelligent driving solutions tailored for international markets, leveraging Tencent Cloud's global infrastructure [4][5] - The collaboration aims to build cloud platforms and tools to enhance the development and deployment of autonomous driving technologies while ensuring compliance with local standards [5][6] Group 2: Previous Collaborations - An initial strategic cooperation agreement was signed in April 2024, focusing on developing a leading autonomous driving cloud platform and smart driving solutions [6] - The previous partnership enabled WeRide and Bosch to achieve mass production of a driver assistance solution in a record-setting 18 months [6] Group 3: Company Profiles - WeRide is recognized as a global leader in autonomous driving, operating in over 30 cities across 10 countries and holding permits in five markets: China, UAE, Singapore, France, and the US [11] - Tencent Cloud is a leading cloud service provider, committed to digital transformation across various industries, including automotive, leveraging technologies like AI and Big Data [12]

2025 First Quarter Results Presentation May 14, 2025 2 1. Overview 3 1 Cautionary Note This presentation may contain forward-looking statements relating to the forecasts, targets, outlook, estimates of financial performance, opportunities, challenges, business developments, business plans and growth strategies of Tencent Holdings Limited (the "Company" or "Tencent") and its group companies. These forward-looking statements are based on information currently available to Tencent and are stated here on the ba ...

SHANGHAI, China, April 25, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. ("Pony.ai" or the "Company") (NASDAQ:PONY), a global leader in achieving large-scale commercialization of autonomous mobility, announced a strategic partnership with Tencent Cloud and Smart Industries Group ("CSIG", or the "Tencent Cloud"), the cloud business of Tencent Holding Limited (HKEX: 00700, "Tencent"), a world-leading Internet and technology company in China, to jointly advance autonomous driving technology and accelerate the commerci ...