WeRide Inc.(US:WRD) Zhi Tong Cai Jing·2025-10-19 22:51Core Viewpoint - WeRide Inc. (文远知行) is advancing its position as a global leader in Level 4 (L4) autonomous driving technology, with significant international expansion and market share in various countries [4][5]. Company Overview - WeRide Inc. is recognized as a pioneer in the L4 autonomous driving sector, with operations in over 30 cities across 11 countries, including China, UAE, Saudi Arabia, Switzerland, France, Singapore, Japan, and others [4]. - The company has deployed a fleet of over 1,500 autonomous vehicles, including more than 700 autonomous taxis, and has established a notable presence in the Middle East with over 100 autonomous taxis [4]. Market Position - According to Zhaoshang Consulting, WeRide holds the second-largest global market share in L4 and above autonomous driving revenue, accounting for 21.8% in 2024 [4]. - The company has a strategic focus on markets with significant long-term potential for autonomous driving applications, prioritizing regions where economic and operational advantages are evident [4]. Competitive Advantage - WeRide has established a leading international influence and significant first-mover advantages in key overseas markets. It is the only company to successfully deploy L4 autonomous driving solutions in France, Switzerland, and Belgium [5]. - In Singapore, WeRide is the only company operating both autonomous taxis and minibuses, leading the next market entrant by at least 1.5 years in L4 development [5]. Financial Performance - The company's total revenue for the years ending June 30 for 2022, 2023, 2024, and 2025 was approximately RMB 528 million, RMB 402 million, RMB 361 million, and RMB 200 million, respectively. The corresponding net losses were RMB 1.298 billion, RMB 1.949 billion, RMB 2.516 billion, and RMB 792 million [6][7]. - The company plans to expand its fleet and services significantly in overseas markets, particularly in Europe and the Middle East, where the penetration of technology is expected to be higher [6].