WeRide Q4 Earnings Call Highlights

WeRide also reported higher gross profit. Li said group gross profit in Q4 increased 74% to RMB 89 million, with a gross margin of 28%. For the full year, gross profit was RMB 207 million, up 87%, with a 30% gross margin.Li broke out Q4 performance by segment, noting product revenue increased 309% to RMB 211 million, “mainly driven by increased sales of Robotaxis and Robobuses,” while service revenue increased 15% to RMB 103 million. For the full year, product revenue was RMB 360 million and service revenue ...