WeRide Expands Globally, Reports 1.8% Revenue Growth in Q1 2025

$WRD

WeRide Inc. (NASDAQ:WRD), a pioneer in autonomous driving technology, has recently announced a series of strategic moves and financial results that underscore its growing influence in the global market for autonomous vehicles. The company’s first-quarter financial results for 2025 show a modest year-over-year revenue increase of 1.8%, totaling $10 million. This growth is attributed to expanded operations and new deployments in international markets, particularly in the Middle East and Europe.

Jennifer Li, CFO of WeRide, highlighted the company’s financial health and strategic expansions, noting the increase in product revenue to $1.3 million, driven by higher sales of robotaxis and robosweepers. The robotaxi business alone contributed 22.3% of the total revenue, a significant increase from the previous year. The company maintained a stable gross profit margin of 35% in the quarter.

WeRide’s technological advancements are evident in its autonomous vehicle fleet, which has grown to over 1,200 units. The company reported more than 2,000 days of public operations without any regulatory issues, a testament to the reliability and safety of its technology. Tony Han, CEO of WeRide, emphasized the company’s commitment to making autonomous driving accessible and affordable worldwide, alongside advancing mass-market ADAS (Advanced Driver-Assistance Systems) solutions.

Expanding its global footprint, WeRide has strengthened its partnership with Uber Technologies, Inc. (NYSE:UBER) to launch commercial robotaxi services in 15 new cities, following successful deployments in Abu Dhabi and an upcoming launch in Dubai.
This collaboration is supported by an additional $100 million equity investment from Uber, which complements previous investments and underscores the potential of their combined efforts in autonomous mobility.,

WeRide’s collaboration with Tencent Cloud has been instrumental in enhancing its R&D capabilities and commercializing robotaxi operations. The partnership aims to integrate WeRide’s services into Tencent’s smart transportation platforms, facilitating safer and more convenient autonomous travel experiences.

In a strategic move to bolster its market position, WeRide has also announced a share repurchase program, authorizing the repurchase of up to $100 million of its Class A ordinary shares over the next 12 months. These strategic partnerships and technological enhancements are pivotal as WeRide navigates the competitive landscape of the autonomous driving industry. The company’s focus on scalability, safety and user accessibility is likely to influence future trends in autonomous mobility, potentially leading to more widespread adoption of these technologies across various global markets.

**DISCLAIMER: THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE INTERPRETED AS INVESTMENT ADVICE. INVESTING INVOLVES RISK, INCLUDING THE POTENTIAL LOSS OF PRINCIPAL. READERS ARE ENCOURAGED TO CONDUCT THEIR OWN RESEARCH AND CONSULT WITH A QUALIFIED FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISIONS.**