The world's first Robotaxi stock, WeRide, is making waves in the Hong Kong stock market. Founder and CEO Han Xu promised not to reduce his company's shares for 3 years.

Recently, WeRide, the first global stock of Robotaxi and the first global stock of general autonomous driving, announced that the company's founder and CEO Dr. Han Xu has officially signed a voluntary lock-up agreement, committing to not reduce his shareholding in the company for the next three years. This move fully demonstrates the determination of the founder and management team to promote the long-term and stable development of the company, as well as their steadfast confidence in the future value realization of the company. Earlier today, WeRide announced on the Hong Kong Stock Exchange that it will be offering shares from October 28th to November 3rd, and will be listed on the Hong Kong Stock Exchange on November 6th. The company plans to globally sell 88,250,000 shares, with 5% sold in Hong Kong and 95% internationally. The company expects to grant an over-allotment option to international underwriters, and if fully exercised, the fundraising amount is expected to exceed $400 million. WeRide's IPO in Hong Kong has again attracted investment from global leading travel and delivery technology platform Uber Technologies, Inc., Southeast Asia's leading super app Grab, and the world's largest Tier 1, Bosch. The financial report shows that WeRide's revenue in the second quarter was 127 million RMB, a year-on-year increase of 60.8%, with the Robotaxi business growing 836.7% year-on-year in the second quarter. In addition, WeRide is the only company in the world with products under seven national autonomous driving licenses and has a fleet of over 1500 autonomous driving vehicles.