WeRide Inc.(US:WRD) Globenewswireยท2025-11-24 09:00Core Insights - WeRide Inc. reported a significant increase in total revenue, growing 144.3% year-over-year to RMB171.0 million (US$24.0 million) in Q3 2025, driven by global fleet expansion and service penetration [4][12] - The company achieved multiple regulatory breakthroughs, including securing fully driverless robotaxi commercial permits in Abu Dhabi and Switzerland, enhancing its operational capabilities [4][8] - WeRide's gross profit surged 1,123.9% year-over-year to RMB56.3 million (US$7.9 million), with a gross profit margin of 32.9%, a substantial increase from 6.5% in Q3 2024 [4][17] Financial and Operational Highlights - Total revenue reached RMB171.0 million (US$24.0 million), marking a 144.3% increase from RMB70.0 million in Q3 2024 [12] - Product revenue increased by 428.0% year-over-year to RMB79.2 million (US$11.1 million), while service revenue grew 66.9% to RMB91.8 million (US$12.9 million) [15] - Robotaxi revenue experienced a remarkable growth of 761.0% year-over-year, reaching RMB35.3 million (US$5.0 million) [4] - As of September 30, 2025, WeRide had cash and cash equivalents totaling RMB5.4 billion (US$764.1 million) [4] Global Commercialization Efforts - WeRide operates an autonomous vehicle fleet of over 1,600 vehicles, with nearly 750 being robotaxis, and has secured regulatory approvals in eight countries [4][8] - The company launched public operations in Saudi Arabia and Belgium, and initiated road tests in Zurich, Dubai, and Singapore [4][8] - In Guangzhou, WeRide's robotaxi services completed approximately four times more trips in Q3 2025 compared to Q2 2025, with each vehicle completing up to 25 trips daily [4] Regulatory Achievements - WeRide received a city-level fully driverless robotaxi commercial permit in Abu Dhabi, allowing operations without an in-vehicle safety officer, achieving unit economics breakeven [8] - The company also obtained a driverless permit in Switzerland, enabling operations in the Furttal region with a planned launch of public passenger services in early 2026 [8] Management Commentary - The CEO highlighted the convergence of advanced technology and global execution capabilities, emphasizing the importance of regulatory achievements in validating the path to profitability [11] - The CFO noted substantial improvements in growth trajectory and operational leverage, with a diversified portfolio supporting sustained growth [11]