WeRide Inc. Sponsored ADR ( (WRD) ) has released its Q4 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 recognized for its innovative solutions across mobility, logistics, and sanitation industries, and is the first publicly traded robotaxi company. The company recently released its unaudited financial results for the fourth quarter and full year of 2024, highlighting significant advancements in global market presence and technological innovation. WeRide achieved record-high robotaxi revenue and expanded its operations in Europe, the Middle East, and Asia, underscoring its leadership in the autonomous driving sector.
Key financial metrics revealed a total revenue of RMB361.1 million for 2024, with product revenue increasing due to higher sales of robotaxis, robosweepers, and robovans. However, service revenue saw a decline, primarily due to the completion of certain ADAS R&D services. The company reported a net loss of RMB2,516.8 million, impacted by increased operating expenses, particularly in research and development and administrative areas, reflecting its commitment to technological leadership and global expansion.
Strategic announcements included the deployment of WeRide’s latest GXR robotaxi model for fully unmanned operations in Beijing, and the expansion of commercial robotaxi services in Abu Dhabi and Beijing. Additionally, WeRide launched its first European fully-driverless robobus in France and initiated autonomous robobus trials in Spain and Switzerland, showcasing its robust international growth strategy.
Looking ahead, WeRide’s management remains focused on expanding its autonomous fleet and enhancing operational efficiency through strategic partnerships and technological advancements. The company’s ongoing commitment to innovation and safety positions it well for continued growth in the autonomous driving industry, as it adapts to diverse market landscapes and builds a scalable mobility ecosystem.