Aug. 19 at 6:11 AM
$WRD What struck me with Pony’s earnings call, that there was no new city announcements. Not one. The only thing that got pushed was the Uber deal, and their supposed 4,000 vehicle commitment (or goal?). We have little details, other than 5 cities (of which Zagreb is one?). Are they going to deploy these next month? In10 years? Uber and Pony earlier said they would launch a city in the Middle East later this year. Yet, no word about it.
How refreshingly different was WeRide’s call. Multiple projects in Europe, spread across several partners. Middle East in ramp mode (especially in UAE). We finally received some guidance on Adas. It’s ramping up fast (when you consider the industry’s pace).
Momenta reached its first million installed units roughly 3 years and 9 months after its initial start-of-production (SOP). WeRide will get there in 2 years and 3 months (if guidance is accurate).
Things are happening in several markets, in multiple domains. Good times ahead.
