WeRide Inc. - WRD STOCK NEWS

Hesai Technology (NASDAQ: HSAI) has announced its lidar solutions will power WeRide's autonomous vehicles operating on Uber's platform in Dubai, supporting the city's 2030 smart mobility initiative. Each autonomous vehicle will be equipped with four Hesai automotive-grade long-range lidars.

The partnership aligns with Dubai's goal to convert 25% of all city journeys into autonomous trips by 2030. WeRide, which secured the UAE's first national license for self-driving vehicles on public roads in July 2023, previously launched successful robotaxi operations in Abu Dhabi in 2021.

This collaboration builds upon Hesai and WeRide's existing relationship since 2019, when Hesai's lidars were first integrated into WeRide's autonomous fleets. In April 2022, the companies entered a strategic cooperation agreement to promote automotive-grade, hybrid solid-state lidar applications for L4 autonomous vehicles.

Uber (NYSE: UBER) and WeRide (NASDAQ: WRD) have announced a strategic partnership with Dubai's Road and Transport Authority (RTA) to introduce autonomous vehicles (AVs) in Dubai. The collaboration supports Dubai's Self-Driving Transport Strategy, which aims to convert 25% of all city journeys into autonomous trips by 2030.

WeRide, which became the first AV provider to secure UAE's national license for self-driving vehicles on public roads in July 2023, will serve as Uber's initial technology partner in this initiative. The partnership follows WeRide's successful commercial AV launch with Uber in Abu Dhabi in December 2024.

The collaboration will involve pilot programs utilizing Uber's technology to match riders with AVs, while focusing on data insights, safety protocols, and regulatory frameworks. This expansion adds Dubai to Uber's growing portfolio of markets where it's integrating self-driving technology into its platform.

WeRide (Nasdaq: WRD) has achieved a significant milestone by obtaining France's Level-4 driverless public road testing and operating permit, making it the only technology company worldwide to hold driverless permits across five countries: China, UAE, Singapore, France, and the US.

The permit, secured in partnership with French autonomous mobility operator beti, was obtained in a record three months through France's rigorous PACTE law process. The authorization allows WeRide's autonomous minibus to operate at speeds up to 40 km/h, the highest-speed driverless permit in France.

WeRide recently launched Europe's first public-road commercial autonomous minibus service in Valence, France, collaborating with beti, Renault Group, and Macif. The company plans to implement fully driverless commercial operations with remote hypervision by July 2025. WeRide currently operates in 30 cities across 10 countries, with various autonomous vehicles including robotaxi, robobus, and robosweeper.

WeRide Inc. (Nasdaq: WRD), a global leader in autonomous driving technology, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission (SEC) on March 25, 2025.

The annual report, which includes audited consolidated financial statements, is available electronically on the company's investor relations website at https://ir.weride.ai and the SEC's website. Shareholders and ADS holders can request free hard copies by contacting WeRide's IR department at their Guangzhou headquarters.

WeRide Inc. (Nasdaq: WRD) announced its Q4 and full-year 2024 unaudited financial results, highlighting significant global expansion and technological advancements. The company achieved record-high robotaxi revenue and strongest international revenue since inception.

Key developments include deployment of end-to-end models in Level-4 driverless and ADAS systems, expansion of robotaxi services in Abu Dhabi with Uber (50 units by mid-2025), and launch of commercial operations in Beijing's core urban area. The company also introduced new products including the robovan W5 and expanded robobus operations across Europe.

Financial highlights for Q4 2024:

• Total revenue: RMB140.8 million (US$19.3 million)
• Product revenue increased to RMB51.7 million
• Service revenue decreased to RMB89.1 million
• Net loss: RMB592.4 million (US$81.2 million)

WeRide (Nasdaq: WRD) has achieved a significant milestone by receiving approval to operate commercial Robotaxi ride-hailing services between Beijing's Economic-Technological Development Area and Beijing South Railway Station, marking the first commercial Robotaxi operation in Beijing's core urban area.

The expansion increases WeRide's operational area in Beijing to over 600 square kilometers, comparable to downtown Shanghai's six main districts. Passengers can now book rides through the 'WeRide Go' App. The service at Beijing South Railway Station, which handles over 150,000 daily passengers during peak periods, demonstrates the system's capability to manage complex traffic scenarios.

As the world's first publicly listed Robotaxi company, WeRide operates in nearly 10 cities globally, including Guangzhou, Beijing, Nanjing, Ordos, Suzhou, Abu Dhabi, and Zurich. The company recently partnered with Uber in December 2024 to launch the Middle East's largest Robotaxi fleet in Abu Dhabi.

WeRide (Nasdaq: WRD) and Renault Group have launched their first autonomous Robobus trial in Barcelona, Spain, running from March 10th to 14th, 2025. The free service operates on a 2-kilometer circular route with four stops in the city center, showcasing Level-4 autonomous vehicle technology in dense urban conditions.

The trial follows WeRide's recent expansion in Europe, including the first commercial driverless Robobus deployment in France's Dôme region through a partnership with beti, Renault Group, and Macif. The company also secured projects at Zurich Airport and with Swiss national railway SBB in January.

Operating from 11:00 AM to 5:00 PM daily, the Barcelona demonstration has received authorization from the City Council and Directorate General of Traffic. This initiative builds on the partners' previous collaboration during the Roland-Garros 2024 tennis tournament, aiming to showcase sustainable urban mobility solutions for European cities targeting carbon neutrality and Low Emission Zones.

WeRide (Nasdaq: WRD), a global autonomous driving technology company, has scheduled the release of its Q4 and full year 2024 financial results before U.S. market opening on March 14, 2025. The company will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day.

Participants can access the conference call through online registration, which will provide dial-in numbers and a unique access PIN. The event will also be available via live and archived webcast on WeRide's investor relations website at ir.weride.ai.

WeRide (Nasdaq: WRD) has announced its first European fully driverless commercial Robobus deployment in France's Drôme region, partnering with beti, Renault Group, and Macif. The service will launch on March 10, 2025, at the Rovaltain business park – Valence TGV station.

The L4-level autonomous service will operate several six-meter-long robobuses, each carrying eight passengers, on a 3.3 km route connecting the train station, long-term parking, catering hub, and 150 companies employing 3,000 people. The buses will operate at speeds up to 40km/h with dynamic obstacle avoidance capabilities.

The deployment includes an initial learning phase from March 10 to April 19, operating Monday to Friday, followed by a second operating phase starting in July. Beti Automated Mobility will manage operations using their 'hypervision' solution for enhanced safety and continuous system improvement.