Aug. 18 at 2:25 PM
$WRD the final question in the Q&A was the msot important for PONY and WeRide.
It was about competition. PONY answered it well and the moat Tony mentioned himself is very real.
They said:
- Competition has a long way to go.
New players are well behind established players (P and W) who are "miles ahead" of them.
-Moving from demo to scaling is not about throwing AV on teh road overnight.
-Trials, then small fleets, then scale. It's a bit by tiny bit process.
-All of it has to pass the regulators. Every jump up that chain is a 10X move from the prior level and gets harder than the last level.
So P and W are established, passed the hurdles in China, so the comp that is underway has a long way to go. These companies needs to grab all the scale they can to control the markets they are in.
WeRide QoQ china taxi fleet size was flat. They said i nQ1 they are adding a new tier 1 city. Tony spoke more about YE Chines expansion at Q2 call.
That's about it from my view w/o going into the financials.
