GreenMobility announced this morning a strategic partnership with WeRide to deploy autonomous shared mobility in Denmark, with public service targeted for H1 2027 using WeRide's EU compliant GXR.

The companies state they are the first to pursue commercial autonomous deployment in Denmark, subject to regulatory approvals, and the project will be developed together with Vejdirektoratet and Færdselsstyrelsen.

On the financial side, guidance for 2026 is maintained at 5-9% revenue growth and 12-16% EBITDA growth. No financial terms were disclosed, and no capex, revenue or cost effect has been quantified.

WeRide ((Nasdaq: WRD, HKEX: 0800) was founded in 2017, is headquartered in Guangzhou and was the first publicly listed autonomous driving company. Per the release, its products are deployed in more than 40 cities across 12 countries, it holds autonomous driving permits in 8 countries and operates a global Level 4 fleet of more than 3,000 vehicles. Reported revenue was RMB 685m in 2025, up 90%, and RMB 114m in Q1 2026, up 58%.

Denmark becomes the sixth European market after France, Belgium, Switzerland, Slovakia and Spain.

Two features are relevant for a GreenMobility shareholder.

First, the expansion model for WeRide is asset light and built on partnering with local operators and fleet owners, the same template used with Uber in Dubai, Riyadh and Madrid and with Grab in Singapore. GreenMobility supplies exactly what that model requires: local fleet operations, a customer base and trip data.

Secondly, the GXR is purpose built with Geely's Farizon unit and running WeRide's GEN8 stack, with 2,000 units scheduled off the production line from Q3 2026 and a stated fleet target above 2,600 robotaxis by end 2026. Vehicle supply has been the constraint management has flagged most consistently, and this partner has a production slot with a volume manufacturer.

The announcement does not address how the partnership relates to the previously signed letter of intent with Tensor for 2,000 vehicles.

Bringing autonomous driving to Denmark is the fourth of the four strategic priorities communicated in late 2025, alongside Denmark as core market, average annual revenue growth of 8-12% and EBITDA growth of 12-16% towards 2028,

Management reconfirmed all four on 10 July. It is worth being precise about what this means: the 2028 financial targets rest on the existing car sharing business in Denmark. Autonomous driving is not in those numbers, and today's announcement does not change them. But with potential first commercial launch/test in 2027, it may pose an upside and gives higher probability that this can be driver of growth and the long run (after 2028)

The commercial logic management has given is unit economics. The current fleet runs 3 to 6 trips per day, while autonomous vehicles operating elsewhere run 22 to 26 trips per day, and management points to roughly 90% fewer damages, which feeds through to repair and insurance cost.

The most interesting thread runs back to the November 2025 demonstration in front of the Danish parliament with the Minister of Transport and the Lord Mayor of Copenhagen present. Management has described the inbound reaction from municipalities, regions and transport companies as the genuine surprise from that event. Concrete figures given on the calls: Copenhagen spends around DKK 75m a year on taxi transport for children with special needs, one municipality was cited as paying DKK 3,000 per passenger on a route, and on 10 July management put annual public subsidy of taxi and flex bus transport at more than DKK 1bn, adding that a lot of these parties have approached the company. Management also stated in April that the Danish legal framework already permits operation under a special instrument, and that the ministerial level is supportive.

The WeRide release explicitly frames the project as involving the public sector, and WeRide's Slovak programme covers public transport, logistics and municipal services alongside robotaxi. That is the same multi product template, However it should be noted that no municipal agreement has been announced, and the projects remain in scoping.

In relation to our investment case, we have carried self driving as optionality for the period after 2028, with the foundation laid through an early vehicle commitment and with vehicle access identified as the scarce resource once technology was proven.

Today's announcement moves that from intent towards a plan: a named partner with vehicles in production, a target date and a stated regulatory pathway.

We also flagged as a risk that faster than expected adoption of self driving cars removes car sharing's structural advantage over taxi, namely not paying a driver. Participating as an operating partner is the natural hedge against that risk.

For 2026 and 2027 nothing changes in the numbers. The near term driver of the share remains H2 execution on the delayed fleet rollout, the platform benefits and the new taxi supply in Copenhagen. What changed this morning is that the least tangible of the four strategic pillars now has a counterparty, a vehicle and a date attached to it.

HC Andersen Capital receives payment from GreenMobility for a Digital IR/Corporate Visibility subscription agreement. CEO of HC Andersen Capital, Tue Østergaard, owns shares and is the Chairman of the Board of GreenMobility. /Michael Friis, kl. 07.48 d. 03.08.2026.