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WeRide Inc. (WRD) announced that CEO Tony Han has voluntarily committed to a three-year lock-up on his shares, effective October 28, 2025, as the autonomous driving company launches its Hong Kong initial public offering.
Under the lock-up agreement, Han will not sell, transfer, pledge or dispose of any shares or securities convertible into company stock that he owns or controls, except as required by law.
"I am fully committed to WeRide’s long-term vision and global expansion," Han said in a statement. "This commitment reflects my confidence in the Company’s fundamentals and long-term growth."
WeRide launched its Hong Kong IPO on October 28, planning to issue 88.25 million shares under stock code 0800.HK. The company expects to list on the Hong Kong Stock Exchange on November 6, 2025, establishing a dual primary listing structure with its existing NASDAQ listing.
Strategic investors including Uber, Grab and Bosch have indicated interest in participating as anchor investors in the Hong Kong offering, according to the company.
WeRide reported second-quarter 2025 revenue of RMB 127.2 million ($17.8 million), representing 60.8% year-over-year growth. The company’s robotaxi revenue grew 836.7% year-over-year to RMB 45.9 million ($6.4 million), accounting for 36.1% of total revenue.
The company operates autonomous vehicles in over 30 cities across 11 countries and holds autonomous driving permits in seven markets: China, UAE, Singapore, France, Saudi Arabia, Belgium and the United States. WeRide maintains a global fleet of more than 1,500 autonomous vehicles, including over 700 robotaxis.