Self-driving technology company Wen Yuanzhixing responds to Hong Kong stock listing: Not to comment – Passionategeekz

Passionategeekz According to June 23, it was reported today that autonomous driving technology company Wen Yuanzhixing has secretly submitted an application for listing in Hong Kong. In this regard, Sina Technology sought to verify Wen Yuan’s actions, and Wen Yuan’s actions said that he would not comment.

Passionategeekz noticed that Wen Yuan Zhixing WeRide was officially listed on the Nasdaq Stock Exchange on October 25, 2024, with the stock code “WRD”.Become the first stock of a general autonomous driving company in the worldis also the world’s first Robotaxi stock. 89.0376 million ADRs were issued at US$15.50 per share (current exchange rate is approximately RMB 111) and a simultaneous private placement of US$320 million (current exchange rate is approximately RMB 2.298 billion).

Wen Yuan Zhixing’s total revenue in the first quarter of 2025 was 72.44 million yuanwhile the same period in 2024 was RMB 71.2 million, a slight increase year-on-year; gross profit margin was 35.0%; Robotaxi’s revenue was RMB 16.1 million, accounting for a proportion of total revenue increased significantly to 22.3%.

Wen Yuanzhixing and Uber announced in May this year to deepen strategic cooperation and reach the largest Robotaxi cooperation plan in the industry’s history, while receiving additional equity investment of US$100 million (current exchange rate is approximately RMB 718 million) from Uber. The two sides plan to add 15 new cities in the next five years and deploy Robotaxi on a large scale to cover international markets such as Europe and the Middle East.

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