WeRide Expands Global Robotaxi Services with Uber Partnership

WeRide Inc. Sponsored ADR ( (WRD) ) has released its Q1 earnings. Here is a breakdown of the information WeRide Inc. Sponsored ADR presented to its investors.

WeRide Inc., a global leader in autonomous driving technology, is at the forefront of the autonomous vehicle industry, offering innovative solutions across mobility, logistics, and sanitation sectors. The company recently reported its unaudited financial results for the first quarter of 2025, highlighting its strategic advancements and financial performance.

In the first quarter of 2025, WeRide reported a total revenue of RMB72.4 million (US$10.0 million), marking a 1.8% increase from the same period in 2024. The company expanded its global partnership with Uber, planning to extend its robotaxi services to 15 additional cities, backed by Uber’s US$100 million equity investment. WeRide also achieved significant milestones in regulatory approvals and commercial deployments across various international markets.

Key financial metrics revealed a gross profit margin of 35%, with a notable increase in revenue from the robotaxi business, which contributed 22.3% to the total revenue. Despite a net loss of RMB385.1 million (US$53.1 million), the company showed resilience by maintaining a stable gross profit margin and expanding its fleet size to over 1,200 units. The strategic alliances with Uber and Tencent Cloud are expected to bolster WeRide’s global expansion and technological advancements.

Looking ahead, WeRide’s management remains optimistic about the company’s growth trajectory, emphasizing the potential for large-scale commercialization of autonomous mobility solutions. The continued focus on technological innovation and strategic partnerships positions WeRide as a key player in shaping the future of autonomous driving globally.