A：In Q3, Rewriters achieved several key milestones including obtaining the world's first city-level fully driverless robot taxi commercial permit in Abu Dhabi, launching the region's first fully driverless global taxi service with Uber, expanding into Belgium, and receiving a global taxi license in Switzerland. By October, Rewriters had developed L4 fleets in 11 countries with over 1600 L4 level autonomous driving vehicles in operation worldwide.

A：Rewriters received official approval in Abu Dhabi to provide full driver commercial robot taxi service, removing the requirement for an in-car safety officer and demonstrating regulatory confidence in their technology. This authorization allowed them to launch the region's first fully driverless global taxi service with Uber, starting from the island and with a citywide rollout underway.

A：Rewriters' operation in Abu Dhabi is notable as it is the first city-level operation outside of the United States to provide globally accessible taxi service at a commercial scale, through Uber's platform, making it a unique and historic achievement.

A：In Dubai, Rewriters secured a self-driving vehicle trial permit and aim to launch supervised trials on Uber this year, with the goal to commence a fully driverless commercial operation next year. In Saudi Arabia, they began offering global taxi rides through Uber in Riyadh, with plans to scale the fleet to more than 500 vehicles by next year and up to 20,000 by 2030.

A：In Singapore, Rewriters received approval for both robot taxi and robobu tests in the Punggol District and aim to increase test volumes fourfold by the end of the year. In Switzerland, they received the country's first driverless taxi license and plan to launch a full driverless public service in the first half of 2026. In China, Rewriters continued to expand and innovate, launching a twenty-fourth drivers commercial service in Guangzhou and Beijing, with over 300 robot taxis deployed in Guangzhou and 100 in Beijing. A new free pick-up and drop-off feature for global taxi service, called PDO, was introduced, enhancing user experience.

A：The robot bus has obtained a permit in Belgium, allowing operations to commence in Lünen, making it the 11th country to be covered by the service. Since 2021, the service has served over 1 million passengers and an additional order for 100 mid-side global buses has been placed. A new global bus developed in Hong Kong is also mentioned, along with a partnership with Guangdong Fast Holding for the deployment of more than 500 level 4 vehicles over three years.

A：The L2+ level Advanced Driver Assistance System (ADAS) has achieved a major milestone with the start of production of We Pilot 3.0, comparable to Tesla's FSD system. This new feature allows existing owners of the Cherry CS and Et models to receive OTA upgrades and enjoy the Tesla-like SSD experience. The We Pilot system has been selected as a major ADAS system provider by Guangzhou Automotive Group for several passenger car models.

A：The company has a global footprint across 11 countries, offering different levels of operation from testing to operation with a driver. This allows for a wide spectrum of applications and services for the global market. The company's global strategy prioritizes balanced development across these markets, making it unique as the only company with technology available in all the countries listed.

A：The WeRun platform has grown into a powerful platform that supports a full spectrum from L2 to L4 autonomy, continuously creating new tools and systems. One of the company's most prominent contributions is the Genesis model, which enables testing of autonomous vehicles in a digital twin of the real world. The Genesis model is seamlessly integrated with the end-to-end system and leverages data from L2 level and massive production car data to enhance global taxi performance. This forms a 'double flywheel' that boosts the performance of the company's robot taxis.

A：The company's hybrid architecture combines the benefits of L4 and L2+ level technology, offering enhanced adaptability, reliability, safety, and transparency. This unique combination is expected to enable robust commercial deployment, allowing the company to integrate the benefits of full driverless operation with leading robot taxi service capabilities, similar to Waymo. It also leverages mass production car data for continuous improvement.

A：In the third quarter, the company achieved a total revenue of 171 million RMB with a year-over-year growth of 148.84%, driven by continued fleet expansion and increased service penetration. Product revenue grew 428% to 79 million RMB, and service revenue grew 67% to 92 million RMB. The company also saw a significant milestone in robot taxi revenue, which increased 761% year over year to 35 million RMB, and group level gross profit grew 1124% to 56 million RMB with a group level growth margin of 33%. Despite a decrease in operating expenses by 51% to 436 million RMB, the company aimed to deliver business value alongside its global strategy.

A：The company's strategy includes a continued investment in Research and Development (RD) to pioneer industry innovations and build competitive advantages, alongside strategic global growth. This strategy focuses on regions accelerating the adoption of L4 solutions and ensuring access to world-class talent for business expansion.

A：As of September 30, 2025, the company had $4.5 billion in cash and cash equivalents, $926 million in wealth management products, $80 million in restricted cash, and $245 million in short-term bank borrowing. The company's liquidity reserve, combined with proceeds from a recent Hong Kong new primary listing, supports its RD-focused strategy and globalization deployment program.

A：The Abu Dhabi robot taxi commercial permitting represents a scalable blueprint for global deployment, demonstrating a path for city-level full driverless operation outside the U.S. The company plans to apply this model globally, using its complete package of technologies, operational experience, and aims to achieve large-scale L4 deployment in the next five years, creating sustainable businesses and significant value in autonomous driving for shareholders.

A：The robotaxi service operates in China by mainly owning and operating vehicles and their own vehicle healing platform. Revenue is generated from three sources: revenue share from right fares, annual licensing fees, and the sale of vehicles. In the international market, the company collaborates with platform partners like Uber, Grab, and others to generate revenue mainly from the first two sources. The revenue share is significant and grows with the expansion of the fleet, with projections of strong user preference and utilization levels suggesting a path to profitability.

A：Markets expected to drive volume up in the short term include the Middle East (specifically UAE and Saudi Arabia), Europe, and developing countries in Asia such as Japan, Singapore, and Korea. The company's approach to expansion involves road testing in major cities like Dubai, obtaining permits, and focusing on countries that are paying significant attention and are considered important markets for the future volume drive.

A：The strategies for targeting profitable markets and expanding services include leveraging the successful 'Abu Dhabi model' tested in collaboration with Uber, which demonstrated unique economics and promising profitability projections in the region. This model is being adapted to three other cities, Singapore, and potentially all of East Asia and China. The company plans to use its current technology, strategy, and strategic partnerships to replicate the model internationally. In Singapore, an alliance with a strategic partner, G.R.I.T, is in the works. A focus is placed on developing a global taxicab service based on their own application and expanding through moderate investment growth while maintaining a balance between scaling and investment. One of the mid-term goals is to achieve profitability while retaining a strong market share and continuing to innovate.

A：The company views the robot taxi business in China as a major market with unique characteristics. As the headquarters are located in China, it is considered one of the most important markets targeted by the company. The economics of the Chinese market are dynamic and complex, with the potential to be highly profitable. The company has plans to replicate its successful 'Abu Dhabi model' in China, focusing on tier 1 cities. This replication involves obtaining city-level driver permits, achieving high double-digit daily orders, and maintaining relatively healthy prices. The company has started expanding in China with the deployment of robots in Guangzhou and Beijing and is working on improving user experience. The learnings from China are intended to be used as a competitive advantage in the global market.

A：The company believes it has found a unique and effective model that can be quickly replicated in similar markets with the right regulatory conditions. The model is being explored for expansion to countries like the UAE, Saudi Arabia, and Singapore, with regulatory support. The company is also looking into Europe as a potential market for replication. The speed of replication is contingent on obtaining necessary permits and overcoming regulatory hurdles. However, the company intends to leverage its past successes to ensure the deployment of services in various countries with similar regulatory conditions.

A：The key advantages of the company in entering the robot taxi business include their ability to mass deploy L4 and L2+ level mass production vehicles for efficient data gathering and algorithm generalization. They have a capability for fast iteration and a strong AI technology core, which allows them to roll out a taxi service and develop L4 systems that take full responsibility for driverless operations. These advantages are rooted in their extensive technology accumulation and experience over nine years.

A：Developing robot taxis is challenging and requires many years of efforts, technology accumulation, and revolutionary exploration. Only a few mature global taxi companies exist that have successfully opened to public driver operations. To achieve a mature global taxi service, companies need to demonstrate sufficient technology and experience in handling local taxi operations.

A：The company's approach differentiates itself by focusing on AI technology from the start, hiring top talents, and setting up the company to enable fast algorithm installations. This allows them to iterate quickly, which traditional car OEMs or car Hailing platforms are not capable of. The company's capability to roll out a taxi service without having any major car OEM or car Hailing platform company successfully doing so is a testament to this unique approach.

A：Companies like Tesla and Xcom skip developing an L3 strategy for their autonomous driving systems because they find it difficult to directly transition from L2+ to L3 and then to L4. They view it as trying to solve a problem on a cliff without first establishing a stable foundation. They believe that growing directly from L2+ to L4 is too challenging and would require re-solving system level problems already addressed in previous stages.

A：Car OEMs face significant challenges in developing a driverless robot taxi due to the magnitude of difficulties involved. They need to enable their cars to operate independently for more than 10,000 miles, which is considerably more than the 100 miles without human intervention that is achievable with a good L2+ system. Additionally, they lack the necessary infrastructures such as data simulation and cloud computing platforms. The task is akin to swimming a short distance in a pool versus crossing the English Channel, highlighting the substantial gap in capability that current car OEMs have compared to what is required for a successful robot taxi service.