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SEC Comment Letter 0000000000-24-011549 to WeRide Inc. (WRD)

WeRide Inc.
Date: Oct. 11, 2024 · CIK: 0001867729 · Accession: 0000000000-24-011549

AI Filing Summary & Sentiment

File numbers found in text: 333-281054

Date
October 11, 2024
Author
Office of Technology
Form
UPLOAD
Company
WeRide Inc.

Letter

October 11, 2024 Tony Xu Han Chief Executive Officer WeRide Inc. 21st Floor, Tower A, Guanzhou Life Science Innovation Center No. 51, Luoxuan Road, Guangzhou International Biotech Island Guangzhou 510005 People’s Republic of China Re:WeRide Inc. Amendment No. 5 to Registration Statement on Form F-1 Filed September 25, 2024 File No. 333-281054 Dear Tony Xu Han: We have reviewed your registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Amendment No. 5 to Registration Statement on Form F-1 Risk Factors The current tensions in international trade and rising political tensions..., page 58 1.We note your revised disclosure here that the Department of Commerce has issued a notice of proposed rulemaking that would, if finalized as proposed, “prohibit the sale or import of connected vehicles that incorporate certain technology and the import of particular components themselves from countries of concern, specifically China and Russia.” Please revise your risk factor disclosure to clarify whether and how the proposed rulemaking, if finalized as proposed, would materially impact your current business and operations in the U.S., including your research and development activities and road testing, as well as any potential future imports or sales into the U.S. market of connected vehicles using your technology.

October 11, 2024 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Inessa Kessman at 202-551-3371 or Robert Littlepage at 202-551-3361 if you have questions regarding comments on the financial statements and related matters. Please contact Jeff Kauten at 202-551-3447 or Larry Spirgel at 202-551-3815 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc:Haiping Li

Show Raw Text
October 11, 2024
Tony Xu Han
Chief Executive Officer
WeRide Inc.
21st Floor, Tower A, Guanzhou Life Science Innovation Center
No. 51, Luoxuan Road, Guangzhou International Biotech Island
Guangzhou 510005
People’s Republic of China
Re:WeRide Inc.
Amendment No. 5 to Registration Statement on Form F-1
Filed September 25, 2024
File No. 333-281054
Dear Tony Xu Han:
            We have reviewed your registration statement and have the following comments.
            Please respond to this letter by amending your registration statement and providing
the requested information. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information
you provide in response to this letter, we may have additional comments.
Amendment No. 5 to Registration Statement on Form F-1
Risk Factors
The current tensions in international trade and rising political tensions..., page 58
1.We note your revised disclosure here that the Department of Commerce has issued a
notice of proposed rulemaking that would, if finalized as proposed, “prohibit the sale
or import of connected vehicles that incorporate certain technology and the import of
particular components themselves from countries of concern, specifically China and
Russia.” Please revise your risk factor disclosure to clarify whether and how the
proposed rulemaking, if finalized as proposed, would materially impact your current
business and operations in the U.S., including your research and development
activities and road testing, as well as any potential future imports or sales into the U.S.
market of connected vehicles using your technology.

October 11, 2024
Page 2
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            Please contact Inessa Kessman at 202-551-3371 or Robert Littlepage at 202-551-3361
if you have questions regarding comments on the financial statements and related
matters. Please contact Jeff Kauten at 202-551-3447 or Larry Spirgel at 202-551-3815 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc:Haiping Li