WeRide joins the HKEX Tech 100 Index, highlighting its growth in autonomous driving and technology innovation.
Quiver AI Summary
WeRide, a leader in autonomous driving technology, has been included in the HKEX Tech 100 Index as part of the latest quarterly index review by Hong Kong Exchanges and Clearing Limited (HKEX). This change will take effect on September 14, 2026. The HKEX Tech 100 Index, launched in December 2025, serves as a benchmark for Hong Kong's technology sector and includes 100 large and mid-cap companies across various tech themes. WeRide's inclusion reflects its strong position in technological innovation and commercialization in the autonomous driving field, which has seen significant international expansion and substantial financial growth, including a 82% year-on-year revenue increase in the second quarter of 2026. The company operates over 3,400 autonomous vehicles in 13 countries and has achieved fully driverless operations in multiple cities. With its participation in the HKEX Tech 100 Index, WeRide aims to enhance its market visibility and continues to focus on expanding its commercial applications of Physical AI, improving efficiency, and delivering long-term value.
Potential Positives
- WeRide's inclusion in the HKEX Tech 100 Index signifies recognition of its leading position in the autonomous driving technology sector, enhancing its visibility among investors in Hong Kong's technology ecosystem.
- The company's substantial revenue growth of 82% year-on-year and 103% quarter-on-quarter demonstrates strong financial performance and operational efficiency.
- WeRide's global footprint, with operations in over 60 cities across 13 countries, highlights its successful international expansion and commercialization strategy.
- The launch of the WRD 3.0 ADAS solution into mass production, along with nominations for more than 30 vehicle models, indicates advancements in technology and potential for further market penetration.
Potential Negatives
- WeRide's inclusion in the HKEX Tech 100 Index may indicate increasing competition in the autonomous driving sector, as the index also includes other leading technology companies such as Tencent and Alibaba, potentially overshadowing WeRide's market position.
- The reliance on international partnerships with companies like Uber and Grab for scaling operations may expose WeRide to risks related to these partnerships, which could affect its growth trajectory.
- Although significant revenue growth was reported, reliance on an asset-light business model could raise concerns regarding long-term sustainability and profitability as market conditions change.
FAQ
What is the HKEX Tech 100 Index?
The HKEX Tech 100 Index is a benchmark for Hong Kong's technology ecosystem, comprising 100 large- and mid-cap tech companies.
When will WeRide's inclusion in the index take effect?
WeRide's inclusion in the HKEX Tech 100 Index will take effect after market close on September 11, 2026.
What are WeRide's major business operations?
WeRide operates autonomous driving services globally, including Robotaxis and an advanced driver-assistance system (ADAS) deployed in multiple countries.
How has WeRide's revenue fluctuated recently?
WeRide reported a total revenue of US$34.2 million in Q2 2026, representing an 82% year-on-year increase.
What distinguishes WeRide in the autonomous driving industry?
WeRide is a first mover in autonomous driving, operating over 60 cities with a large fleet of Robotaxis and licensing in eight markets.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WRD Hedge Fund Activity
We have seen 51 institutional investors add shares of $WRD stock to their portfolio, and 76 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBER TECHNOLOGIES, INC added 11,193,322 shares (+inf%) to their portfolio in Q2 2026, for an estimated $65,145,134
- FENGHE FUND MANAGEMENT PTE. LTD. removed 4,175,181 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $33,777,214
- TEMASEK HOLDINGS (PRIVATE) LTD removed 2,978,803 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $24,098,516
- CARRHAE CAPITAL LLP removed 2,421,132 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $19,586,957
- NORGES BANK added 2,000,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,640,000
- STYRAX CAPITAL, LP removed 1,358,902 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $10,993,517
- BANK OF AMERICA CORP /DE/ removed 995,191 shares (-27.7%) from their portfolio in Q2 2026, for an estimated $5,792,011
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
HONG KONG, Aug. 31, 2026 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD, HKEX: 0800), a global leader in autonomous driving technology, today announced its inclusion as a constituent of the HKEX Tech 100 Index following the latest quarterly index review released by Hong Kong Exchanges and Clearing Limited (HKEX). The index changes will be implemented after market close on September 11 and take effect on September 14, 2026.
HKEX Tech 100 Index Quarterly Review Announcement
Launched in December 2025, the HKEX Tech 100 Index is the first Hong Kong equities index developed by HKEX and serves as a broad-based benchmark for Hong Kong's technology and innovation ecosystem. The index comprises 100 large- and mid-cap companies eligible for Southbound Stock Connect, spanning six major technology and innovation themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and intelligent driving, information technology, internet services, and robotics. Constituents include leading technology companies such as Tencent, Alibaba, and Xiaomi. Following the latest rebalancing, WeRide will also become eligible for inclusion in the investment universe tracked by related index-linked products.
The latest review marks the first constituent adjustment under the enhanced methodology announced by HKEX on August 18, which further refines the eligibility and constituent selection criteria for technology companies while expanding coverage of emerging technology trends, including opportunities across the artificial intelligence value chain. Companies must meet requirements related to technology-theme relevance, listing history, liquidity, as well as thresholds for R&D investment or revenue growth, with constituents selected based on their average daily market capitalization ranking over the preceding 12 months.
Autonomous driving is the first Physical AI application to achieve large-scale commercialization, and is capable of generating large-scale real-world data feedback loops and sustainable paid operations. WeRide's inclusion in the first quarterly rebalancing following the methodology enhancement reflects the company's strengths in both technological innovation and commercialization, further highlighting its leading position in the Physical AI sector.
Today, WeRide's autonomous driving business spans 13 countries and 60 cities worldwide, with an L4 fleet of approximately 3,400 vehicles, including more than 1,800 Robotaxis, making it one of the world's largest autonomous driving fleets. International expansion has become an important driver of WeRide's commercialization and growth. Leveraging an asset-light business model, WeRide works with global mobility platforms including Uber and Grab, as well as local operating partners, to scale its proven operational model across international markets.
WeRide's Robotaxi services have achieved fully driverless commercial operations in four cities across two countries, including Guangzhou and Beijing in China, and Abu Dhabi and Dubai in the United Arab Emirates. WeRide has also launched public operations in Singapore and Riyadh, Saudi Arabia, while entering European markets including Spain, Switzerland, Denmark and Slovakia. The company's global commercialization network continues to expand across key international markets.
In the L2++ segment, WeRide's proprietary one-stage end-to-end ADAS solution, WRD 3.0, has entered the mass-production phase. In the second quarter of 2026, approximately 30,000 units of WRD 3.0 were delivered, with the solution securing mass-production nominations for more than 30 vehicle models. WeRide has also begun road testing and localized adaptation and validation in markets including Germany, France and Japan.
Large-scale commercial deployment is increasingly translating into strong financial growth. In the second quarter of 2026, WeRide's total revenue reached US$34.2 million, representing an 82% year-on-year (YoY) increase and a 103% quarter-on-quarter increase. Gross profit margin increased to 37.5%, up 9.4 percentage points from the second quarter of 2025, reflecting continued improvements in operating efficiency and business quality.
WeRide has also achieved Dual Primary Listing on Nasdaq and the Hong Kong Stock Exchange and was included in Stock Connect in June 2026. Its inclusion in the HKEX Tech 100 Index is expected to further enhance the company's visibility within Hong Kong's technology investment ecosystem.
The simultaneous growth of Robotaxi operations, international expansion and ADAS mass-production deliveries provides clear and measurable fundamental support for WeRide's long-term competitiveness in Physical AI. Together, these businesses create multiple growth drivers and further strengthen the company's commercialization foundation.
Looking ahead, WeRide will continue to expand the commercial applications of Physical AI in the real world, enhance operating efficiency and improve the quality of growth, delivering sustainable business results and creating long-term value for customers, partners and shareholders.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been deployed in over 60 cities across 13 countries. We are also the first and only technology company whose products have received autonomous driving permits in eight markets: China, the UAE, Singapore, France, Switzerland, Saudi Arabia, Belgium, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune's 2025 Change the World and 2025 Future 50 lists.
Media Contacts
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Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about WeRide’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide’s filings with the U.S. Securities and Exchange Commission and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release. WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51d5c3ea-848d-4186-bef5-e70e3bf7258e