PARIS, March 27, 2025 /PRNewswire/ -- WeRide (Nasdaq: WRD), a world leader in autonomous driving technology, announced that the company, in partnership with the leading French autonomous mobility network operator beti, has obtained France's Level-4 driverless public road testing and operating permit. This makes WeRide the first and only technology company worldwide to hold driverless permits across five countries: China, the UAE, Singapore, France, and the U.S. This remarkable milestone underscores WeRide's ...

( 法国市民乘坐文远小巴 ) 作为自动驾驶出海标杆和国际化拓展的佼佼者，文远知行已在10个国家30个城市进行自动驾驶的研发、 测试和运营，旗下robotaxi、robobus、robosweeper等前装量产产品已落地法国、西班牙、瑞士、新加 坡、阿联酋、日本等国家。 3月27日，全球领先的自动驾驶科技公司文远知行WeRide(Nasdaq：WRD)宣布与法国自动驾驶出行网络 运营商beti携手，获得法国纯无人驾驶公开道路测试和运营牌照(下称"牌照")。 至此，文远知行成为全球首个、也是迄今唯一一个同时拥有中国、阿联酋、新加坡、法国、美国五国自 动驾驶牌照的科技公司，充分展现了文远知行在技术上具有极强的跨国市场适用性，在运营上具有成熟 的合规性、安全性和可靠性。 法国以严谨的自动驾驶立法体系著称，根据其2019年颁布的PACTE法案，自动驾驶牌照申请必须通过 能源与气候总局协调内政部、生态转型部等多个部门的联合审核，相关技术文件、安全预案和运营方案 也需经过全面审查与评估。从提出申请到最终获批，文远知行与beti仅耗时3个月，创自动驾驶公司在法 国拿牌记录，同时意味着文远知行在技术安全验证、运营方案设计等环节 ...

With this new permit, WeRide's autonomous minibus is authorized to operate at speeds of up to 40 km/h, marking the highest-speed driverless permit issued in France to date. PARIS, March 27, 2025 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), a world leader in autonomous driving technology, announced that the company, in partnership with the leading French autonomous mobility network operator beti, has obtained France's Level-4 driverless public road testing and operating permit. This makes WeRide the first and o ...

PARIS, March 27, 2025 (GLOBE NEWSWIRE) -- WeRide (NASDAQ:WRD), a world leader in autonomous driving technology, announced that the company, in partnership with the leading French autonomous mobility network operator beti, has obtained France's Level-4 driverless public road testing and operating permit. This makes WeRide the first and only technology company worldwide to hold driverless permits across five countries: China, the UAE, Singapore, France, and the U.S. This remarkable milestone underscores WeRid ...

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. (NASDAQ:WRD) ("WeRide" or the "Company"), a global leader in autonomous driving technology, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission ("SEC") on March 25, 2025. The annual report in electronic format is accessible on the Company's investor relations website at https://ir.weride.ai as well as on the SEC's website. For those who prefer hard copies, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SEC ...

WeRide Inc. (WRD) shares have sunk 8.8% since it reported its fourth-quarter 2024 loss of 29 cents per share. The company reported total revenues of $19.3 million. Product revenues increased due to stronger sales of robotaxis, robosweepers and robovans in the fourth quarter, partially offset by a fall in the sale of robobuses. However, service revenues decreased due to a drop in revenues from ADAS research and development services, and operational and technical support services. Over the past three months, ...

• 公司商业运营取得进展，成为第二款获得无人驾驶和可付费出租车服务资 格的车型，并与优步在阿布扎比启动合作，预计到 2025 年中期，优步平 台上的机器人出租车数量将达到 50 辆。 • 公司认为机器人出租车行业正处于发展阶段，通过基础模型在广州、北京 等拥挤城市及极端天气条件下保持稳定运营，致力于提高全球出租车服务 的可及性。 • 自 2021 年以来，公司积极拓展全球市场，获得阿联酋国家级运营许可， 与瑞士苏黎世机场合作提供接驳服务，并在国内市场将业务拓展至 20 多 个城市。 • 公司在技术和产品方面取得突破，推出针对出租车和机场司机的端到端模 型，采用大型视觉-语言模型，并推出专用全球出租车 GSR 和 5.6 代传感 器套件。 • 2024 年全年总收入为 3.61 亿人民币，产品收入大幅增长 46%至 52 百万 人民币，主要归因于机器人出租车销量增加，但全年服务收入下降 21%至 2.73 亿美元。 • 公司通过销售车辆、收取固定服务费和收入分成方式向当地合作伙伴提供 自动驾驶汽车及服务，实现正面的贡献毛利，并与每个市场领先平台合作， 以实现更快的机器人出租车部署。 • 公司计划 2025 年在 ...

Financial Data and Key Metrics Changes - Total revenue for Q4 2024 decreased by 3% to 141 million RMB, primarily due to a decline in service revenue, partially offset by growth in product revenue [31] - For the full year 2024, total revenue was 361 million RMB, with product revenue increasing by 46% to 252 million RMB in Q4 and 62% to 88 million RMB for the full year [31][32] - Service revenue decreased to 89 million RMB in Q4, down 21% to 273 million RMB for the full year [32] - Operating expenses rose by 82% to 640 million RMB in Q4 and increased by 32% to 2.3 billion RMB for the full year [33] - Net loss increased by 66% to 592 million RMB in Q4 and by 29% to 2.5 billion RMB for the full year [37] Business Line Data and Key Metrics Changes - Product revenue growth was driven by significant sales of Robotaxi, RoboSweeper, and Robovan, while revenue from Robobuses decreased [32] - R&D expenses increased by 32% to 320 million RMB in Q4 and by 3% to 1.1 billion RMB for the full year, reflecting investment in talent and technology [34] - Administrative expenses surged by 205% to 305 million RMB in Q4, primarily due to growth strategy execution and higher professional service fees [35] Market Data and Key Metrics Changes - The company has expanded its Robotaxi operations to over 20 cities in China and deployed L4 vehicles across more than 30 cities in 10 countries [17][38] - The Robotaxi fleet size is currently around 400, with over 1,000 autonomous vehicles across all product lines [122] Company Strategy and Development Direction - The company is focused on international expansion and has established partnerships with key stakeholders, including Uber and Bosch, to enhance its global footprint [16][110] - The strategy includes diversifying revenue streams through product innovation and scaling the Robotaxi fleet to drive operational efficiencies [28][80] - The company aims to maintain an asset-light business model and achieve profitability through high utilization rates in various markets [49][72] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential of the Robotaxi market, citing increasing public acceptance and a favorable regulatory environment [11][28] - The company is committed to advancing technology and innovation, with plans to deploy hundreds of vehicles across multiple cities worldwide in 2025 [83] - Management acknowledged challenges in scaling operations but emphasized that overcoming these challenges could create competitive advantages [59] Other Important Information - The company holds 4.9 billion RMB in cash and equivalents, which is expected to support ongoing R&D and expansion efforts [38] - The company has achieved record-breaking Robotaxi revenue and the highest international revenue since its founding [39] Q&A Session Summary Question: What is WeRide's current Robotaxi business model and latest progress? - The company operates a unique business model combining vehicle sales, fixed service fees, and revenue-sharing arrangements with local partners, ensuring positive contribution margins from day one [46] Question: What is WeRide's current market position in the Robotaxi industry? - The company maintains a leading position globally, with a large fleet and zero regulatory discipline caused by autonomous driving system failures [51][52] Question: What major challenges does WeRide foresee in scaling Robotaxi operations? - Challenges include city-level regulatory approvals and operational scalability, but these challenges also present opportunities for differentiation [59] Question: What is the path to profitability for the Robotaxi business? - The company believes profitability can be achieved quickly in target markets with high utilization rates, even with a small fleet [72] Question: Why expand internationally instead of focusing solely on the domestic market? - The company sees strong demand in international markets facing labor shortages and believes a multi-market approach diversifies revenue streams and improves resilience [79] Question: What are the next milestones regarding technology and product development? - The company plans to deploy advanced technologies, including high-dynamic range cameras and solid-state LiDARs, in its next-generation AV systems [83] Question: How do ADAS initiatives interact with L4 technology? - The ADAS system is designed to integrate seamlessly with the L4 system, allowing for efficient transitions between different levels of autonomy [96] Question: What insights does WeRide have regarding the impact of autonomous driving on jobs? - The company believes autonomous driving will replace tedious jobs while creating new opportunities in related fields, ultimately improving quality of life [118]

WeRide Announces Unaudited Financial Results for the Fourth Quarter and Full Year 2024NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. (Nasdaq: WRD) (“WeRide” or the “Company”), a global leader in autonomous driving technology, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Recent Highlights WeRide continues to enhance its global market presence through thoughtful market entries and strategic expansions in Europe, the Middle East and As ...