WeRide Inc.(US:WRD) 3 6 Ke·2025-08-01 00:09Core Insights - The core focus of the article is on WeRide's significant growth in its Robotaxi business, which has shown remarkable revenue increases and strategic international expansion, despite the company still facing losses. Financial Performance - WeRide reported a total revenue of 127 million yuan in Q2 2025, marking a year-on-year increase of 60.8% [1] - The revenue from the Robotaxi business reached 45.9 million yuan, a staggering year-on-year growth of 836.7%, accounting for 36.1% of total revenue, the highest since 2021 [1][11] - The company incurred a loss of 406 million yuan in the same quarter, although this loss has narrowed compared to previous periods [1] Business Expansion - WeRide is expanding its Robotaxi fleet significantly, particularly in regions with high economic potential such as the Middle East, Singapore, and Europe [2] - In Abu Dhabi, the Robotaxi fleet has tripled since 2024, covering nearly half of the core urban area, with expected order volume to double [2] - The company has also secured the first automatic driving license for Robotaxi operations in Riyadh, Saudi Arabia, making it the only company with such licenses in six countries [4] Strategic Partnerships - WeRide emphasizes collaboration with top mobility service providers to enhance operational efficiency and market reach [4][5] - The partnership with Uber in Dubai aims to launch commercial Robotaxi services by the end of the year, with plans for fully autonomous operations by 2026 [2][5] Competitive Landscape - The entry of Tesla into the Robotaxi market raises competitive challenges, but WeRide remains confident in its established position and safety record [5][10] - The company has been operational in the Robotaxi sector for over eight years, expanding its services to over ten cities and multiple countries [5] Technological Advancements - WeRide has launched the HPC 3.0 computing platform, featuring NVIDIA DRIVE AGX Thor X chips, providing 2,000 TOPS of AI computing power, significantly surpassing competitors [8][9] - The platform is designed to enhance user experience with features like "anywhere pick-up and drop-off" in compliance with municipal regulations [9] Product Diversification - WeRide offers a diverse product line, including L2 and L4 autonomous driving vehicles, Robobus, and unmanned logistics vehicles, which allows for data collection and system optimization across different applications [13][16] - The company’s strategy of a unified platform, "WeRide One," enables the integration of data from various autonomous vehicles to improve overall system performance [16] Future Outlook - WeRide aims to expand its global fleet to hundreds of vehicles this year and potentially thousands by next year, focusing on markets with favorable demand and regulatory support [17]