WeRide Inc. Stock Price, News & Analysis

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.

WeRide (Nasdaq: WRD) has received approval to launch its latest generation Robotaxi, the GXR, for fully unmanned paid ride-hailing services in Beijing. This marks the company's second Robotaxi model achieving driverless commercial operations in the city, following its launch on Uber's platform in Abu Dhabi last December.

The service area covers key regions within the Beijing Economic-Technological Development Area, including high-speed railway stations and routes to Beijing Daxing International Airport. The GXR features L4-level redundant drive-by-wire chassis architecture, accommodating up to five passengers with industry-leading entry space and luggage storage.

WeRide operates Robotaxi services in multiple cities including Beijing, Guangzhou, Nanjing, Ordos, Suzhou, and Abu Dhabi. The company plans to expand its Beijing fleet to several hundred vehicles by 2025 and launch operations in Zurich, Switzerland.

WeRide (NASDAQ: WRD) has launched the Robovan W5, a Level 4 autonomous logistics vehicle designed for urban delivery operations. The vehicle leverages WeRide's experience from nearly 40 million kilometers of autonomous driving and 1,900 days of operations.

The Robovan W5 features class-leading specifications including a 5.5 cubic meter cargo capacity, 1,000 kg maximum payload, and 220 kilometer operating range. It operates 24/7 in all weather conditions with 360-degree blind-spot-free perception and intelligent path optimization.

Key features include multi-vehicle platooning capabilities, modular cargo box stacking, redundant safety systems, and a comprehensive cloud-based control platform. The electric vehicle is designed for express delivery, urban distribution, and point-to-point logistics, offering cost-effective unmanned delivery solutions.

WeRide (NASDAQ: WRD) has been selected as the technology provider for a new autonomous driving pilot project in Switzerland, funded by the Canton of Zurich and Swiss national railway (SBB) and managed by Swiss Transit Lab. The project will initially deploy two autonomous cars during the test phase, expanding to four cars in Q2 2025, with plans for eight additional vehicles in 2026.

The service will operate in Switzerland's Furttal Region, where residents can book autonomous vehicles through an app provided by ioki. The project aims to address transportation options in suburban areas, complementing Switzerland's extensive train network, which serves as the primary connection between major cities.

This marks WeRide's third European project within eight months, following the launch of Europe's first commercial autonomous minibus project at Zurich Airport and L4 autonomous shuttle services at the 2024 French Open in Paris. The fully unmanned operation is planned to run for up to five years.