Core Insights - WeRide reported a revenue of 127 million RMB (approximately 17.8 million USD) for Q2 2025, representing a 60.8% increase compared to 79.1 million RMB in the same period last year [1] Revenue Breakdown - Product revenue for Q2 2025 was 69.3 million RMB, up from 21 million RMB in Q2 2024, driven by increased sales of autonomous taxis and autonomous street sweepers, partially offset by a decline in autonomous bus sales [2] - Service revenue reached 130.3 million RMB in Q2 2025, a 4.3% increase from 129.3 million RMB in Q2 2024, primarily due to a rise in smart data service revenue and operational support services [3] Robotaxi Performance - Robotaxi revenue hit 45.9 million RMB in Q2 2025, marking an 836.7% year-over-year increase and the highest quarterly revenue since the company's inception, contributing 36.1% to total revenue [3][4] - WeRide expanded its Robotaxi operations in Abu Dhabi, which is expected to double order volume, covering nearly half of the core areas of Abu Dhabi [4][6] Financial Performance - Total costs for Q2 2025 were 91.5 million RMB, up from 53.7 million RMB in the same period last year [8] - Gross profit for Q2 2025 was 29.1 million RMB, with a gross margin of 48.6% [8] - The company reported a net loss of 406.4 million RMB (approximately 56.7 million USD) for Q2 2025, slightly improved from a net loss of 413.6 million RMB in Q2 2024 [8] Cash Position - As of June 30, 2025, WeRide held cash and cash equivalents of 4.1 billion RMB (approximately 570.6 million USD) and time deposits of 1.7 billion RMB (approximately 242.2 million USD) [8]

Core Insights - The collaboration between WeRide and Uber has officially launched Robotaxi services in Abu Dhabi, expanding coverage to nearly half of the city's core areas [1][3] - WeRide's Robotaxi fleet has tripled since the partnership began in December 2024, with plans to further expand to hundreds of vehicles and additional areas within Abu Dhabi [3][5] - The introduction of the new GXR model, designed for large-scale commercial deployment, is expected to significantly increase order volume and enhance user experience [3][7] Summary by Sections Company Developments - WeRide has commenced pure unmanned testing of Robotaxi services in Abu Dhabi, with plans to open to the public in the coming months [1] - The fleet size has increased threefold since the start of the partnership with Uber, with ongoing plans to expand to Khalifa City, Masdar City, and more areas [3] Service Expansion - The Robotaxi service now covers Al Reem Island, Al Maryah Island, Yas Island, Saadiyat Island, and routes to Zayed International Airport, potentially doubling order volume [1][3] - The GXR model can accommodate up to five passengers and is expected to complete numerous orders during a 12-hour operational shift, with average trip lengths exceeding 6 kilometers [3] Market Impact - The partnership is positioned to make Abu Dhabi a benchmark city for large-scale autonomous driving operations globally [7] - The collaboration sets a precedent for smart mobility in the Middle East, enhancing user engagement with autonomous driving technology [7]