Li Ping Zhao

Li Ping Zhao asked CEO Tony Han about the specific tools and technology approaches WeRide employs to maintain its industry leadership, seeking more technical details. She also asked CFO Jennifer Li for an update on the status of the $100 million share repurchase program authorized by the board in May.

Answer

CEO Tony Han detailed WeRide's 'dual flywheel strategy,' leveraging data from both L4 robotaxi fleets and L2++ mass production vehicles to improve algorithms and achieve faster iteration. He also highlighted the advantage of global data collection from diverse climates and scenarios, and the Genesis platform's role in simulation and development. CFO Jennifer Li stated that no purchases had been initiated due to a closed period related to the Hong Kong IPO and the requirement for specific shareholder approval, mentioning that an extraordinary general meeting is being prepared to seek this approval.

Li Ping Zhao asked CEO Tony Han about the specific tools and technology approaches that enable WeRide to maintain its industry leadership, requesting more technical details. She also asked CFO Jennifer Li for an update on the $100 million share repurchase program authorized by the board in May.

Answer

CEO Tony Han elaborated on WeRide's 'dual flywheel strategy,' which leverages data from both L4 robotaxi fleets and L2++ mass production vehicles for mutual algorithm improvement and generalization. He also highlighted the advantage of global heterogeneous data collection and the advanced Genesis simulation platform. CFO Jennifer Li confirmed that no purchases have been initiated due to a closed period related to the Hong Kong IPO and the requirement for specific shareholder approval, which the company is currently seeking through an extraordinary general meeting.