Core Insights - WeRide (文远知行) opened with an increase of 8.45% on May 27, reaching $9.88 per share, with a total market capitalization of $2.811 billion [1] - As of December 31, 2024, WeRide reported total revenue of 361 million RMB, a year-on-year decrease of 10.13%, and a net loss attributable to shareholders of 2.517 billion RMB, a year-on-year decrease of 29.13% [1] - WeRide is a leading autonomous driving technology company, operational in 30 cities across 7 countries, and has been in operation for over 1,600 days [1][2] Financial Performance - WeRide's revenue for the fiscal year ending December 31, 2024, is projected at 361 million RMB, reflecting a decline of 10.13% compared to the previous year [1] - The company reported a net loss of 2.517 billion RMB, which is a 29.13% decrease year-on-year [1] Business Operations - WeRide focuses on developing safe and reliable autonomous driving technologies, with applications in smart mobility, smart logistics, and smart sanitation [2] - The company has entered the commercial operation phase of autonomous driving, leading in revenue among global peers [2] - WeRide's product matrix includes Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driving Solutions, providing various services such as ride-hailing, on-demand public transport, urban logistics, and advanced driving solutions [2] Strategic Partnerships - WeRide has established strategic partnerships with several top global manufacturers and suppliers, including Renault-Nissan-Mitsubishi Alliance, Yutong Group, GAC Group, and Bosch [2] 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]
文远知行上涨8.45%，报9.88美元/股，总市值28.11亿美元