WeRide Inc.(US:WRD) Jin Rong Jie·2025-07-31 11:02Core Viewpoint - WeRide, a leading autonomous driving technology company, reported strong financial performance for Q2 2025, highlighting significant growth in its Robotaxi business and overall revenue [1][27]. Financial Performance - The company's Q2 revenue reached 127 million yuan, representing a year-on-year increase of 60.8% [4]. - Robotaxi business revenue for Q2 was 45.9 million yuan, showing a substantial year-on-year growth of 836.7% [4]. - The proportion of Robotaxi revenue in total Q2 revenue increased significantly to 36.1%, marking the highest level since 2021 [4]. - Gross profit grew by 40.6% year-on-year, indicating a steady improvement in profitability [4]. Business Expansion - The Robotaxi fleet in Abu Dhabi has tripled in size since 2024, demonstrating significant scalability [8]. - New operational areas include Al Reem Island and Al Maryah Island, covering nearly half of Abu Dhabi's core urban areas, with expected order volume to double [8]. - The Robotaxi fleet is projected to expand to hundreds of vehicles, with plans to extend operations to Khalifa City, Masdar City, and more areas by 2025 [8]. - WeRide has initiated the first pure unmanned Robotaxi road tests in the Middle East [9]. Strategic Partnerships - WeRide signed a cooperation agreement with Uber and the Dubai Roads and Transport Authority to deploy commercial Robotaxi services in Dubai [9]. - The company plans to start trial operations within the year and aims for pure unmanned Robotaxi commercial operations by 2026 [9]. Technological Advancements - WeRide's Robotaxi has received the first autonomous driving license in Saudi Arabia, making it the only technology company with autonomous driving licenses in six countries [12]. - The company launched the first Robotaxi trial operation service in Saudi Arabia, which is currently the only such service in the country [12]. - WeRide partnered with Chery and Jinjiang Taxi to conduct public road passenger-carrying autonomous driving demonstrations in Shanghai [13]. - The company introduced the HPC 3.0 high-performance computing platform, featuring NVIDIA's latest DRIVE AGX Thor X chip, enhancing the performance and cost-effectiveness of its autonomous driving technology [26]. Leadership Insights - The CEO emphasized that the strong Q2 performance marks a critical moment in WeRide's global journey, with rapid growth in the Robotaxi business validating the company's strategic vision [27]. - The CFO highlighted that the robust revenue performance reflects effective execution of growth strategies and the ongoing expansion of operational scale, with the Robotaxi business becoming a key component of the company's financial strength [28].