Core Insights - WeRide reported a strong performance in Q1 2025 with total revenue of 72.44 million yuan, reflecting steady growth and a leading gross margin of 35.0% in the industry [1][5] - The company's Robotaxi revenue reached 16.10 million yuan, accounting for 22.3% of total revenue, marking a significant year-on-year increase of 10.4 percentage points [1][5] - WeRide has deepened its strategic partnership with Uber, resulting in a historic Robotaxi collaboration plan and an additional $100 million equity investment from Uber [1][5] Financial Performance - Total revenue for Q1 2025 was 72.44 million yuan, showing a steady increase [5] - The gross margin for the quarter was 35.0%, leading the industry [5] - Robotaxi revenue was 16.10 million yuan, contributing 22.3% to total revenue, with a year-on-year increase of 10.4 percentage points [5] - The company has a strong cash reserve of approximately 900 million yuan [5] - The board has authorized a share buyback of up to $100 million equivalent over the next 12 months, indicating confidence in future growth [5] Commercialization Progress - WeRide achieved significant breakthroughs in its Robotaxi business, partnering with Uber for the largest Robotaxi collaboration in history, planning to expand to 15 new cities over the next five years [4][5] - The company launched 8 Robotaxi operational routes in Guangzhou, connecting key landmarks and transportation hubs [7] - WeRide initiated the first pure unmanned Robotaxi testing in Abu Dhabi, establishing the first unmanned Robotaxi fleet in the Middle East [9] - Plans to launch Robotaxi services in Dubai have been announced, marking the second city in Europe for this collaboration [11] Strategic Collaborations - WeRide upgraded its strategic partnership with Tencent Cloud, integrating Robotaxi services with WeChat and Tencent Maps for enhanced operational efficiency [23] - The company partnered with BlackBerry to develop a highly secure L2-level assisted driving solution, integrating advanced technology for automotive safety [25] Leadership Insights - The CEO emphasized the company's vision of becoming a leader in the autonomous driving industry across Asia, the Middle East, and Europe, highlighting the commercial viability of large-scale Robotaxi deployment [27] - The CFO noted the strong momentum at the beginning of 2025, with Uber's investment reflecting confidence in WeRide's technological capabilities and growth potential [27]

WeRide Announces Plan to Expand Commercial Robotaxi Services to 15 Additional Cities Globally WeRide Announces Unaudited Financial Results for Q1 2025 NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. ("WeRide" or the "Company") (Nasdaq: WRD), a global leader in autonomous driving technology, today announced its unaudited financial results for the three months ended March 31, 2025. Recent Highlights Continuous Robotaxi Expansion through Global Strategic Alliances EXHIBIT 99.1 Expanded global partnershi ...

Core Viewpoint - WeRide Inc. has authorized a share repurchase program to buy back up to US$100 million of its Class A ordinary shares over the next 12 months, reflecting confidence in its business fundamentals and long-term outlook [1][2]. Company Overview - WeRide is a global leader in the autonomous driving industry and the first publicly traded robotaxi company, with operations in over 30 cities across 10 countries [3]. - The company offers a versatile and adaptable autonomous driving platform, WeRide One, which addresses various transportation needs across mobility, logistics, and sanitation [3]. - WeRide was recognized in Fortune Magazine's 2024 "The Future 50" list, highlighting its innovative position in the industry [3]. Share Repurchase Program - The share repurchase program is intended to be executed in the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2]. - The program will be funded from the company's existing cash balance, demonstrating a commitment to returning capital to shareholders while investing in growth [2].

Core Insights - WeRide Inc. reported its unaudited financial results for Q1 2025, highlighting a total revenue of RMB72.4 million (US$10.0 million), a 1.8% increase from the same period in 2024, despite global economic uncertainties [15][4][14] - The company expanded its robotaxi services through strategic partnerships, notably with Uber, which includes a US$100 million equity investment and the launch of services in 15 additional cities [3][4][14] - WeRide's gross profit margin remained stable at 35% in Q1 2025, with a significant increase in revenue contribution from the robotaxi business [4][18] Financial Performance - Total revenue for Q1 2025 was RMB72.4 million (US$10.0 million), compared to RMB71.2 million in Q1 2024 [15] - Revenue from the robotaxi business was RMB16.1 million (US$2.2 million), contributing 22.3% of total revenue, up from 11.9% in the same period of 2024 [4][15] - The company reported a net loss of RMB385.1 million (US$53.1 million), an improvement from a net loss of RMB468.1 million in Q1 2024 [21][37] Strategic Partnerships and Expansion - WeRide expanded its partnership with Uber to include 15 additional cities, enhancing its robotaxi services and aiming for scalable operations [3][4][14] - The company launched its robotaxi services in Dubai in collaboration with the Dubai Road and Transport Authority and Uber, marking a significant step in international expansion [4][3] - WeRide and Tencent Cloud entered into an expanded strategic cooperation agreement to support autonomous driving R&D and commercialization efforts [3] Regulatory Approvals and Technological Advancements - WeRide obtained multiple regulatory approvals for commercial deployments in both domestic and international markets, facilitating its expansion efforts [4] - The company received the first batch of driverless road-testing licenses for its robovan W5 in Guangzhou, China, marking a significant regulatory milestone [8] - WeRide launched fully driverless robotaxi testing in Abu Dhabi, the first of its kind in the Middle East, and introduced a 24-hour autonomous ride-hailing network in Guangzhou [11][4] Research and Development - R&D expenses increased to RMB325.7 million (US$44.9 million) in Q1 2025, reflecting a 17.3% increase from RMB277.6 million in Q1 2024, driven by personnel-related expenses and professional service fees [21] - The company is focused on enhancing its technological leadership and expanding its end-to-end mass-market ADAS solutions [14][21] Market Position and Future Outlook - WeRide is positioned as a global leader in autonomous mobility, with operations in over 30 cities across 10 countries [32] - The company aims to make autonomous driving accessible and affordable, with ongoing efforts to diversify revenue streams and expand its market presence [14][4]

Core Insights - WeRide (文远知行) is a leading autonomous driving technology company, operating in 30 cities across 7 countries, and has been in operation for over 1,600 days [1][2] - The company reported a total revenue of 361 million RMB for the year ending December 31, 2024, a decrease of 10.13% year-on-year, and a net loss of 2.517 billion RMB, down 29.13% year-on-year [1] - WeRide is set to release its Q1 2025 financial report on May 21, 2023 [1] Company Overview - WeRide was established in 2017 and is registered in the Cayman Islands, with its operations managed through domestic subsidiaries [1] - The company has developed a product matrix that includes Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driving Solutions, covering various applications such as smart mobility, smart freight, and smart sanitation [2] - WeRide has formed strategic partnerships with top global manufacturers and suppliers, including Renault-Nissan-Mitsubishi Alliance, Yutong Group, GAC Group, and Bosch [2] Industry Recognition - In 2023, WeRide was ranked eighth on Fortune's list of companies changing the world, making it the only Chinese company in the top ten [2]

Group 1 - Tencent Cloud and WeRide have signed a strategic cooperation agreement to advance the commercial operation of L4 autonomous driving Robotaxi [1] - The partnership will explore the integration of WeRide's Robotaxi services into Tencent's WeChat and Tencent Maps applications [1] - Tencent will provide cloud and mapping data services to support WeRide in technology development and commercial operations for Robotaxi [1] Group 2 - The collaboration aims to develop intelligent driving solutions targeting overseas markets [1]

每经记者｜蔡鼎 每经编辑｜高涵 ①【三大期指齐跌】截至发稿，道指期货跌0.16%、标普500指数期货跌0.33%、纳指期货跌0.39%。 ②【美国主权评级调整后，多家大行评级遭调降】当地时间5月19日，国际评级机构穆迪宣布下调多家 美国主要银行的部分信用评级。此次行动紧随其日前对美国主权信用评级的调整。根据穆迪公告，摩根 大通银行、美国银行和富国银行的长期存款评级均由Aa1下调至Aa2。 ③【文远知行盘前涨超2.4%，近期在阿布扎比开启纯无人Robotaxi试运营】截至发稿，文远知行盘前涨 超2.4%。消息面上，文远知行近期宣布，在阿布扎比开启纯无人驾驶Robotaxi试运营，打造中东地区第 一支纯无人Robotaxi车队。同时，文远知行Robotaxi在阿布扎比的服务范围进一步扩大，新增玛丽亚岛 和瑞姆岛等阿布扎比出行高需求区域。 ④【美国司法部据称对Coinbase网络攻击事件展开调查】据路透，美国司法部已对加密货币交易所 Coinbase日前公布的严重网络攻击事件展开调查。报道指出，调查人员正在深入调查该事件的相关情 况。Coinbase早前表示，此次黑客攻击涉及犯罪分子贿赂印度员工和承包商以获取客户资 ...

WeRide Inc. (WRD) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power ...

Core Viewpoint - Guangzhou has launched 8 autonomous driving service lines, marking the first all-weather autonomous driving service in the country [1] Group 1: Company Overview - The autonomous driving technology company, WeRide, has initiated a demonstration operation of autonomous driving services in downtown Guangzhou [1] - The service network operates around the clock, providing continuous transportation solutions [1] Group 2: Service Coverage - The newly launched service lines connect major landmarks such as the Guangzhou Tower, Canton Fair Exhibition Center, Garden Hotel, and Zhujiang New Town [1] - The network also links to key national transportation hubs, including Guangzhou Baiyun International Airport and Guangzhou South Railway Station [1] - The service covers the most densely populated and trafficked areas in Guangzhou, catering to passenger, vehicle, and logistics flows [1]

2025年5月16日，"全球Robotaxi第一股"文远知行WeRide(Nasdaq: WRD)宣布，在阿布扎比开启纯无人驾 驶Robotaxi试运营，打造中东地区第一支纯无人Robotaxi车队。从2025年第二季度起，文远知行的 Robotaxi车队将在阿布扎比公开道路开展没有安全员的纯无人试运营，是阿布扎比智慧出行系统建设的 又一里程碑。 "文远知行再次书写了自动驾驶行业的发展历史，成为首个在中东开启纯无人Robotaxi试运营的科技企 业，展现了我们在全球最具活力的城市环境中的自动驾驶技术领导力。"文远知行CFO兼国际负责人李 璇表示，"与此同时，我们将Robotaxi服务拓展到了玛丽亚岛、瑞姆岛等高需求区域，为中东地区更多 用户提供智慧出行服务。这不仅验证了我们的技术成熟度，更将推动我们迈向Robotaxi的大规模商业化 落地。" 文远知行将阿联酋作为自动驾驶创新与新增的核心市场，正在加速全球业务拓展。早在2023年7月，文 远知行就获得了阿联酋首个自动驾驶路跑牌照，获准在其境内所有公开道路测试和运营，这也是中东乃 至全球首个国家级全域全车型自动驾驶牌照。 2024年9月，文远知行和Uber建立战 ...