WeRide Seeks Hong Kong Listing, Boosts Robotaxi Revenue 22.3%

WeRide, a leading autonomous driving technology company, has reportedly submitted a confidential listing application to the Hong Kong Stock Exchange. The company, headquartered in Guangzhou, went public on the Nasdaq in October of last year, becoming the first global company to offer a universal autonomous driving solution and the first to provide Robotaxi services.

WeRide's 2025 first-quarter financial report indicates a total revenue of RMB72.4 million, showing a steady increase. The company's gross margin stands at 35.0%, maintaining its industry-leading position. Robotaxi revenue reached RMB16.1 million. Robotaxi revenue contributed to 22.3% of total revenue — 10.4 percentage points increase year-over-year.

In May of this year, WeRide and Uber announced a deepened strategic partnership, marking the largest Robotaxi collaboration in the industry. This partnership includes a $100 million equity investment from Uber. The two companies plan to expand their Robotaxi services to 15 new cities over the next five years, covering international markets in Europe and the Middle East.

WeRide's decision to explore a secondary listing in Hong Kong aligns with the region's "Science and Technology Innovation Board" initiative, which allows companies to submit listing applications confidentially. This move could be seen as a strategic effort to leverage Hong Kong's robust capital markets and broaden its investor base. The company has not officially commented on the reports, maintaining a stance of non-disclosure regarding the potential listing.

This development highlights the growing interest in autonomous driving technologies and the increasing number of companies seeking to list on international exchanges. WeRide's potential listing in Hong Kong could provide additional capital to support its expansion plans and further solidify its position as a leader in the autonomous driving industry.