WeRide narrows Q3 losses as revenue jumps sharply

Core Insights - WeRide has significantly reduced its third-quarter losses for 2025, reporting a net loss of 307.3 million yuan ($42.9 million), down from 1.04 billion yuan a year earlier, marking a substantial improvement in financial performance [1] - The company achieved a remarkable 144.3% year-on-year increase in total revenue, reaching 170.9 million yuan, compared to 70 million yuan in the same period of 2024 [1] Financial Performance - Product revenue surged by 428% to 79.2 million yuan, up from 15 million yuan a year earlier, driven by increased sales of robotaxis and robobuses [2] - Service revenue rose by 66.9% to 91.7 million yuan, compared to 55 million yuan in the third quarter of 2024 [2] - Gross profit reached 56.3 million yuan, a significant increase from 4.6 million yuan a year earlier, with gross margin improving to 32.9% from 6.5% in the same period of 2024 [2] Regulatory and Operational Developments - WeRide achieved multiple regulatory breakthroughs, including securing a city-level fully driverless robotaxi commercial permit in Abu Dhabi, and has started public operations in Saudi Arabia and Belgium [3][5] - The company is currently conducting road testing in Zurich, Dubai, and Singapore, and operates an autonomous vehicle fleet of over 1,600 units, including nearly 750 robotaxis as of October 31, 2025 [3] - With the latest regulatory approval in Switzerland, WeRide's autonomous vehicles are now licensed to operate in eight countries [4] Strategic Vision - The founder and CEO of WeRide emphasized the company's achievements in regulatory and commercial aspects across eight countries, highlighting the convergence of advanced technology and global execution capabilities [5] - The company aims to deploy hundreds of thousands of robotaxis by 2030, positioning itself to capitalize on the autonomous driving opportunity through its technology stack, global partnerships, and regulatory relationships [6]