On November 4, Bloomberg reported that autonomous driving firm WeRide aims to raise HK$2.39 billion (around US$308 million) via a Hong Kong Initial Public Offering (IPO). This move positions it as the latest U.S.-listed Chinese company to seek a secondary listing in Hong Kong. The company carried out its share - offering process from October 28 to November 3. It's anticipated to be listed on the Hong Kong Stock Exchange on November 6, with the share price fixed at HK$27.10. (Initially, the upper limit of the issue price range was set at HK$35.)

Regarding the utilization of the raised funds, roughly 40% will be channeled into the development of the autonomous driving technology stack. Another 40% will be allocated to the commercial mass - production and operation of L4 - level vehicle fleets. A further 10% will be used for market expansion, and the remaining 10% will serve as working capital.

Established in 2017, WeRide stands out as the sole technology company globally with autonomous driving licenses in seven countries. Its business footprint spans 30 cities across 11 countries, boasting over 1,500 operational vehicles and a cumulative test mileage of 55 million kilometers.

Although the company has racked up losses exceeding RMB 9.4 billion from 2021 to the first half of 2025, its revenue in the second quarter of 2025 witnessed a 60.8% year - on - year increase. Notably, the Robotaxi business soared by 836.7%, highlighting its significant commercialization potential.