[6-K] WeRide Inc. American Current Report (Foreign Issuer)
Nokia’s Q2 2025 6-K shows currency and tariff headwinds eroding profitability despite resilient revenue mix. Comparable net sales were €4.55 bn, up 2 % reported but down 1 % on a constant-currency/portfolio (CC) basis. Segment performance was mixed: Network Infrastructure +8 % CC, Cloud & Network Services +14 %, Nokia Technologies +3 %, while Mobile Networks –13 % after prior-year one-offs.
Margins compressed. Comparable gross margin held at 44.7 %, but operating margin fell 290 bps YoY to 6.6 % due to a €50 m venture-fund loss (incl. €60 m FX revaluation) and higher tariffs. Comparable EPS slipped to €0.04 (–33 %). Free cash flow was €0.1 bn; H1 FCF exceeded €0.8 bn. Net cash ended at €2.9 bn, down 47 % YoY, reflecting Infinera acquisition and share buybacks.
Guidance cut: 2025 comparable operating profit range lowered to €1.6–2.1 bn (from €1.9–2.4 bn) as FX is now a €230 m drag and tariffs €50–80 m, while FCF conversion is still targeted at 50–80 %. Dividend of €0.04/sh approved (second of four authorised instalments).
Optical Networks maintained >1 book-to-bill, hyperscaler sales hit 5 % of group revenue, and Infinera integration is progressing. CEO Justin Hotard expects stronger H2, led by Q4 seasonality, with Network Infrastructure growth and stable Mobile Networks sales on a CC basis.
Il rapporto 6-K di Nokia per il secondo trimestre 2025 evidenzia come valute e dazi stiano erodendo la redditività nonostante una composizione dei ricavi resiliente. Le vendite nette comparabili sono state di 4,55 miliardi di euro, in aumento del 2% in termini riportati ma in calo dell'1% a valuta e portafoglio costanti (CC). La performance dei segmenti è stata mista: Network Infrastructure +8% CC, Cloud & Network Services +14%, Nokia Technologies +3%, mentre Mobile Networks ha registrato un calo del 13% dopo effetti straordinari dell'anno precedente.
I margini si sono compressi. Il margine lordo comparabile si è mantenuto al 44,7%, ma il margine operativo è sceso di 290 punti base su base annua al 6,6% a causa di una perdita di 50 milioni di euro da un fondo di venture (inclusa una rivalutazione FX di 60 milioni) e da dazi più elevati. L'EPS comparabile è sceso a 0,04 euro (–33%). Il flusso di cassa libero è stato di 0,1 miliardi; nel primo semestre il FCF ha superato 0,8 miliardi. La liquidità netta si è attestata a 2,9 miliardi, in calo del 47% su base annua, riflettendo l'acquisizione di Infinera e i riacquisti di azioni.
Revisione delle previsioni: l'intervallo di utile operativo comparabile per il 2025 è stato ridotto a 1,6–2,1 miliardi di euro (da 1,9–2,4 miliardi) poiché l'effetto cambio è ora un impatto negativo di 230 milioni e i dazi incidono per 50–80 milioni, mentre la conversione del FCF rimane prevista tra il 50 e l'80%. È stato approvato un dividendo di 0,04 euro per azione (seconda delle quattro tranche autorizzate).
Optical Networks ha mantenuto un rapporto book-to-bill superiore a 1, le vendite ai hyperscaler hanno raggiunto il 5% dei ricavi del gruppo e l'integrazione di Infinera procede. Il CEO Justin Hotard prevede una seconda metà dell'anno più forte, guidata dalla stagionalità del quarto trimestre, con crescita in Network Infrastructure e vendite stabili in Mobile Networks a valuta costante.
El informe 6-K de Nokia del segundo trimestre de 2025 muestra que las divisas y los aranceles están afectando la rentabilidad a pesar de una mezcla de ingresos resistente. Las ventas netas comparables fueron de 4,55 mil millones de euros, un aumento del 2% reportado pero una caída del 1% en moneda constante y cartera constante (CC). El desempeño por segmentos fue mixto: Network Infrastructure +8% CC, Cloud & Network Services +14%, Nokia Technologies +3%, mientras que Mobile Networks cayó un 13% tras efectos extraordinarios del año anterior.
Los márgenes se comprimieron. El margen bruto comparable se mantuvo en 44,7%, pero el margen operativo cayó 290 puntos básicos interanuales hasta el 6,6% debido a una pérdida de 50 millones de euros en un fondo de capital de riesgo (incluida una revalorización por FX de 60 millones) y mayores aranceles. El BPA comparable bajó a 0,04 euros (–33%). El flujo de caja libre fue de 0,1 mil millones; en el primer semestre el FCF superó 0,8 mil millones. El efectivo neto terminó en 2,9 mil millones, un descenso del 47% interanual, reflejando la adquisición de Infinera y recompras de acciones.
Recorte en las previsiones: el rango de beneficio operativo comparable para 2025 se redujo a 1,6–2,1 mil millones de euros (desde 1,9–2,4 mil millones) ya que el FX ahora representa un lastre de 230 millones y los aranceles entre 50–80 millones, mientras que la conversión del FCF sigue apuntando al 50–80%. Se aprobó un dividendo de 0,04 €/acción (segunda de cuatro pagos autorizados).
Optical Networks mantuvo un book-to-bill superior a 1, las ventas a hyperscalers alcanzaron el 5% de los ingresos del grupo y la integración de Infinera avanza. El CEO Justin Hotard espera una segunda mitad de año más fuerte, impulsada por la estacionalidad del cuarto trimestre, con crecimiento en Network Infrastructure y ventas estables en Mobile Networks en moneda constante.
노키아의 2025년 2분기 6-K 보고서는 환율과 관세 역풍이 견고한 매출 구성에도 불구하고 수익성을 약화시키고 있음을 보여줍니다. 비교 가능한 순매출은 45억 5천만 유로로, 보고 기준 2% 증가했으나 환율 및 포트폴리오 고정 기준(CC)으로는 1% 감소했습니다. 부문별 실적은 엇갈렸습니다: 네트워크 인프라 +8% CC, 클라우드 및 네트워크 서비스 +14%, 노키아 테크놀로지스 +3%, 반면 모바일 네트워크는 전년 특수 요인 이후 13% 감소했습니다.
마진은 압박을 받았습니다. 비교 가능한 총마진은 44.7%로 유지됐으나, 운영 마진은 벤처 펀드 손실 5천만 유로(환율 재평가 포함 6천만 유로)와 관세 상승 영향으로 전년 대비 290bps 하락한 6.6%를 기록했습니다. 비교 가능한 주당순이익(EPS)은 0.04유로로 33% 감소했습니다. 자유현금흐름(FCF)은 1억 유로였으며, 상반기 FCF는 8억 유로를 넘었습니다. 순현금은 29억 유로로 전년 대비 47% 감소했으며, 이는 인피네라 인수와 자사주 매입을 반영합니다.
가이던스 하향: 2025년 비교 가능한 영업이익 범위는 16억~21억 유로(기존 19억~24억 유로)로 낮춰졌으며, 환율 영향이 2억 3,000만 유로 부담, 관세는 5,000만~8,000만 유로 부담으로 반영되었습니다. FCF 전환율 목표는 여전히 50~80%입니다. 주당 배당금 0.04유로가 승인되었으며(4회 분할 중 두 번째 지급분).
광통신 네트워크 부문은 1 이상의 북투빌(book-to-bill) 비율을 유지했고, 하이퍼스케일러 매출은 그룹 매출의 5%에 달했으며, 인피네라 통합도 순조롭게 진행 중입니다. CEO 저스틴 호타드는 4분기 계절성에 힘입어 하반기 실적 개선을 기대하며, 네트워크 인프라 성장과 환율 고정 기준 모바일 네트워크 매출 안정화를 전망합니다.
Le rapport 6-K de Nokia pour le deuxième trimestre 2025 montre que les vents contraires liés aux devises et aux tarifs érodent la rentabilité malgré une composition des revenus résiliente. Les ventes nettes comparables se sont élevées à 4,55 milliards d'euros, en hausse de 2 % en données publiées mais en baisse de 1 % en base constante de change et de portefeuille (CC). La performance par segment était mitigée : Network Infrastructure +8 % CC, Cloud & Network Services +14 %, Nokia Technologies +3 %, tandis que Mobile Networks a reculé de 13 % après des éléments exceptionnels l'an passé.
Les marges se sont comprimées. La marge brute comparable est restée stable à 44,7 %, mais la marge opérationnelle a chuté de 290 points de base en glissement annuel à 6,6 % en raison d'une perte de 50 millions d'euros sur un fonds de capital-risque (incluant une réévaluation FX de 60 millions) et de tarifs plus élevés. Le BPA comparable a diminué à 0,04 € (–33 %). Le flux de trésorerie disponible était de 0,1 milliard ; le FCF du premier semestre a dépassé 0,8 milliard. La trésorerie nette s'est établie à 2,9 milliards, en baisse de 47 % sur un an, reflétant l'acquisition d'Infinera et des rachats d'actions.
Révision des prévisions : la fourchette du résultat opérationnel comparable pour 2025 a été abaissée à 1,6–2,1 milliards d'euros (contre 1,9–2,4 milliards) car l'impact des changes est désormais un frein de 230 millions et les tarifs de 50–80 millions, tandis que la conversion du FCF reste ciblée entre 50 et 80 %. Un dividende de 0,04 €/action a été approuvé (deuxième des quatre tranches autorisées).
Optical Networks a maintenu un ratio book-to-bill supérieur à 1, les ventes aux hyperscalers ont atteint 5 % des revenus du groupe, et l'intégration d'Infinera progresse. Le PDG Justin Hotard prévoit un second semestre plus fort, porté par la saisonnalité du quatrième trimestre, avec une croissance de Network Infrastructure et des ventes stables de Mobile Networks en base constante.
Der 6-K-Bericht von Nokia für das zweite Quartal 2025 zeigt, dass Währungs- und Zollbelastungen die Profitabilität trotz eines widerstandsfähigen Umsatzmixes beeinträchtigen. Die vergleichbaren Nettoumsätze betrugen 4,55 Mrd. Euro, ein Anstieg von 2 % auf Berichtsbasis, jedoch ein Rückgang von 1 % bei konstanten Wechselkursen und Portfolio (CC). Die Segmentleistung war gemischt: Network Infrastructure +8 % CC, Cloud & Network Services +14 %, Nokia Technologies +3 %, während Mobile Networks nach Einmaleffekten im Vorjahr um 13 % zurückging.
Die Margen verringerten sich. Die vergleichbare Bruttomarge blieb bei 44,7 %, die operative Marge sank jedoch um 290 Basispunkte gegenüber dem Vorjahr auf 6,6 %, bedingt durch einen Verlust von 50 Mio. Euro aus einem Venture-Fonds (inkl. 60 Mio. Euro FX-Neubewertung) und höhere Zölle. Das vergleichbare Ergebnis je Aktie (EPS) fiel auf 0,04 Euro (–33 %). Der freie Cashflow betrug 0,1 Mrd. Euro; im ersten Halbjahr überstieg der FCF 0,8 Mrd. Euro. Die Nettoliquidität lag bei 2,9 Mrd. Euro, ein Rückgang von 47 % im Jahresvergleich, was die Infinera-Akquisition und Aktienrückkäufe widerspiegelt.
Prognose gesenkt: Die Spanne für das vergleichbare operative Ergebnis 2025 wurde auf 1,6–2,1 Mrd. Euro (vorher 1,9–2,4 Mrd.) gesenkt, da der Währungseinfluss nun eine Belastung von 230 Mio. Euro darstellt und Zölle mit 50–80 Mio. Euro zu Buche schlagen, während die FCF-Konversionsrate weiterhin bei 50–80 % erwartet wird. Eine Dividende von 0,04 Euro je Aktie wurde genehmigt (zweite von vier genehmigten Tranchen).
Optical Networks hielt eine Book-to-Bill-Quote von über 1, der Umsatz mit Hyperscalern erreichte 5 % des Konzernumsatzes, und die Integration von Infinera schreitet voran. CEO Justin Hotard erwartet eine stärkere zweite Jahreshälfte, getragen von der Saisonalität des vierten Quartals, mit Wachstum im Network Infrastructure-Segment und stabilen Mobile Networks-Umsätzen auf CC-Basis.
- Network Infrastructure revenue up 8 % CC and Optical Networks book-to-bill >1, indicating strong demand.
- Cloud & Network Services posted 14 % CC growth and 520 bps gross-margin expansion.
- H1 free cash flow > €800 m and dividend €0.04/share affirm cash generation and shareholder returns.
- Integration of Infinera broadens optical portfolio and contributed to segment topline.
- 2025 comparable operating profit guidance cut by ~15 % to €1.6–2.1 bn.
- Comparable operating margin fell 290 bps YoY to 6.6 % in Q2.
- Mobile Networks net sales declined 13 % CC, highlighting segment weakness.
- FX and tariff headwinds total ~€280 m, pressuring profitability.
- Net cash balance shrank 47 % YoY to €2.9 bn following acquisition and buybacks.
Insights
TL;DR: Outlook cut and margin pressure outweigh solid segment growth; net effect modestly negative.
The 6-K signals a tougher 2025 earnings trajectory. A 290 bps drop in comparable operating margin plus a €300 m midpoint cut to full-year profit guidance (~15 %) indicate rising cost and FX pressure. Mobile Networks’ 13 % CC decline and margin erosion underscores competitive intensity, while Network Infrastructure and CNS growth validate Nokia’s optical and cloud bets. Net cash of €2.9 bn remains healthy, but a 47 % YoY fall limits capital-return flexibility. Dividend continuity and >€800 m H1 FCF mitigate concerns, yet investors will likely mark down estimates until currency and tariff impacts abate.
TL;DR: Strategy intact; optical momentum and hyperscaler wins are positives, but macro FX headwinds dominate near-term narrative.
Optical Networks’ 80 % reported and 6 % CC growth, boosted by Infinera, reinforces Nokia’s positioning in AI-driven data-center connectivity. Book-to-bill >1 and 800G pluggable wins suggest sustainable demand. The cut in 2025 profit outlook is largely exogenous (USD weakness, tariffs) rather than competitive share loss, offering potential upside if FX stabilises. Investors should watch Q4 seasonality and Capital Markets Day (19 Nov) for clarity on unified operating model and cost leverage.
Il rapporto 6-K di Nokia per il secondo trimestre 2025 evidenzia come valute e dazi stiano erodendo la redditività nonostante una composizione dei ricavi resiliente. Le vendite nette comparabili sono state di 4,55 miliardi di euro, in aumento del 2% in termini riportati ma in calo dell'1% a valuta e portafoglio costanti (CC). La performance dei segmenti è stata mista: Network Infrastructure +8% CC, Cloud & Network Services +14%, Nokia Technologies +3%, mentre Mobile Networks ha registrato un calo del 13% dopo effetti straordinari dell'anno precedente.
I margini si sono compressi. Il margine lordo comparabile si è mantenuto al 44,7%, ma il margine operativo è sceso di 290 punti base su base annua al 6,6% a causa di una perdita di 50 milioni di euro da un fondo di venture (inclusa una rivalutazione FX di 60 milioni) e da dazi più elevati. L'EPS comparabile è sceso a 0,04 euro (–33%). Il flusso di cassa libero è stato di 0,1 miliardi; nel primo semestre il FCF ha superato 0,8 miliardi. La liquidità netta si è attestata a 2,9 miliardi, in calo del 47% su base annua, riflettendo l'acquisizione di Infinera e i riacquisti di azioni.
Revisione delle previsioni: l'intervallo di utile operativo comparabile per il 2025 è stato ridotto a 1,6–2,1 miliardi di euro (da 1,9–2,4 miliardi) poiché l'effetto cambio è ora un impatto negativo di 230 milioni e i dazi incidono per 50–80 milioni, mentre la conversione del FCF rimane prevista tra il 50 e l'80%. È stato approvato un dividendo di 0,04 euro per azione (seconda delle quattro tranche autorizzate).
Optical Networks ha mantenuto un rapporto book-to-bill superiore a 1, le vendite ai hyperscaler hanno raggiunto il 5% dei ricavi del gruppo e l'integrazione di Infinera procede. Il CEO Justin Hotard prevede una seconda metà dell'anno più forte, guidata dalla stagionalità del quarto trimestre, con crescita in Network Infrastructure e vendite stabili in Mobile Networks a valuta costante.
El informe 6-K de Nokia del segundo trimestre de 2025 muestra que las divisas y los aranceles están afectando la rentabilidad a pesar de una mezcla de ingresos resistente. Las ventas netas comparables fueron de 4,55 mil millones de euros, un aumento del 2% reportado pero una caída del 1% en moneda constante y cartera constante (CC). El desempeño por segmentos fue mixto: Network Infrastructure +8% CC, Cloud & Network Services +14%, Nokia Technologies +3%, mientras que Mobile Networks cayó un 13% tras efectos extraordinarios del año anterior.
Los márgenes se comprimieron. El margen bruto comparable se mantuvo en 44,7%, pero el margen operativo cayó 290 puntos básicos interanuales hasta el 6,6% debido a una pérdida de 50 millones de euros en un fondo de capital de riesgo (incluida una revalorización por FX de 60 millones) y mayores aranceles. El BPA comparable bajó a 0,04 euros (–33%). El flujo de caja libre fue de 0,1 mil millones; en el primer semestre el FCF superó 0,8 mil millones. El efectivo neto terminó en 2,9 mil millones, un descenso del 47% interanual, reflejando la adquisición de Infinera y recompras de acciones.
Recorte en las previsiones: el rango de beneficio operativo comparable para 2025 se redujo a 1,6–2,1 mil millones de euros (desde 1,9–2,4 mil millones) ya que el FX ahora representa un lastre de 230 millones y los aranceles entre 50–80 millones, mientras que la conversión del FCF sigue apuntando al 50–80%. Se aprobó un dividendo de 0,04 €/acción (segunda de cuatro pagos autorizados).
Optical Networks mantuvo un book-to-bill superior a 1, las ventas a hyperscalers alcanzaron el 5% de los ingresos del grupo y la integración de Infinera avanza. El CEO Justin Hotard espera una segunda mitad de año más fuerte, impulsada por la estacionalidad del cuarto trimestre, con crecimiento en Network Infrastructure y ventas estables en Mobile Networks en moneda constante.
노키아의 2025년 2분기 6-K 보고서는 환율과 관세 역풍이 견고한 매출 구성에도 불구하고 수익성을 약화시키고 있음을 보여줍니다. 비교 가능한 순매출은 45억 5천만 유로로, 보고 기준 2% 증가했으나 환율 및 포트폴리오 고정 기준(CC)으로는 1% 감소했습니다. 부문별 실적은 엇갈렸습니다: 네트워크 인프라 +8% CC, 클라우드 및 네트워크 서비스 +14%, 노키아 테크놀로지스 +3%, 반면 모바일 네트워크는 전년 특수 요인 이후 13% 감소했습니다.
마진은 압박을 받았습니다. 비교 가능한 총마진은 44.7%로 유지됐으나, 운영 마진은 벤처 펀드 손실 5천만 유로(환율 재평가 포함 6천만 유로)와 관세 상승 영향으로 전년 대비 290bps 하락한 6.6%를 기록했습니다. 비교 가능한 주당순이익(EPS)은 0.04유로로 33% 감소했습니다. 자유현금흐름(FCF)은 1억 유로였으며, 상반기 FCF는 8억 유로를 넘었습니다. 순현금은 29억 유로로 전년 대비 47% 감소했으며, 이는 인피네라 인수와 자사주 매입을 반영합니다.
가이던스 하향: 2025년 비교 가능한 영업이익 범위는 16억~21억 유로(기존 19억~24억 유로)로 낮춰졌으며, 환율 영향이 2억 3,000만 유로 부담, 관세는 5,000만~8,000만 유로 부담으로 반영되었습니다. FCF 전환율 목표는 여전히 50~80%입니다. 주당 배당금 0.04유로가 승인되었으며(4회 분할 중 두 번째 지급분).
광통신 네트워크 부문은 1 이상의 북투빌(book-to-bill) 비율을 유지했고, 하이퍼스케일러 매출은 그룹 매출의 5%에 달했으며, 인피네라 통합도 순조롭게 진행 중입니다. CEO 저스틴 호타드는 4분기 계절성에 힘입어 하반기 실적 개선을 기대하며, 네트워크 인프라 성장과 환율 고정 기준 모바일 네트워크 매출 안정화를 전망합니다.
Le rapport 6-K de Nokia pour le deuxième trimestre 2025 montre que les vents contraires liés aux devises et aux tarifs érodent la rentabilité malgré une composition des revenus résiliente. Les ventes nettes comparables se sont élevées à 4,55 milliards d'euros, en hausse de 2 % en données publiées mais en baisse de 1 % en base constante de change et de portefeuille (CC). La performance par segment était mitigée : Network Infrastructure +8 % CC, Cloud & Network Services +14 %, Nokia Technologies +3 %, tandis que Mobile Networks a reculé de 13 % après des éléments exceptionnels l'an passé.
Les marges se sont comprimées. La marge brute comparable est restée stable à 44,7 %, mais la marge opérationnelle a chuté de 290 points de base en glissement annuel à 6,6 % en raison d'une perte de 50 millions d'euros sur un fonds de capital-risque (incluant une réévaluation FX de 60 millions) et de tarifs plus élevés. Le BPA comparable a diminué à 0,04 € (–33 %). Le flux de trésorerie disponible était de 0,1 milliard ; le FCF du premier semestre a dépassé 0,8 milliard. La trésorerie nette s'est établie à 2,9 milliards, en baisse de 47 % sur un an, reflétant l'acquisition d'Infinera et des rachats d'actions.
Révision des prévisions : la fourchette du résultat opérationnel comparable pour 2025 a été abaissée à 1,6–2,1 milliards d'euros (contre 1,9–2,4 milliards) car l'impact des changes est désormais un frein de 230 millions et les tarifs de 50–80 millions, tandis que la conversion du FCF reste ciblée entre 50 et 80 %. Un dividende de 0,04 €/action a été approuvé (deuxième des quatre tranches autorisées).
Optical Networks a maintenu un ratio book-to-bill supérieur à 1, les ventes aux hyperscalers ont atteint 5 % des revenus du groupe, et l'intégration d'Infinera progresse. Le PDG Justin Hotard prévoit un second semestre plus fort, porté par la saisonnalité du quatrième trimestre, avec une croissance de Network Infrastructure et des ventes stables de Mobile Networks en base constante.
Der 6-K-Bericht von Nokia für das zweite Quartal 2025 zeigt, dass Währungs- und Zollbelastungen die Profitabilität trotz eines widerstandsfähigen Umsatzmixes beeinträchtigen. Die vergleichbaren Nettoumsätze betrugen 4,55 Mrd. Euro, ein Anstieg von 2 % auf Berichtsbasis, jedoch ein Rückgang von 1 % bei konstanten Wechselkursen und Portfolio (CC). Die Segmentleistung war gemischt: Network Infrastructure +8 % CC, Cloud & Network Services +14 %, Nokia Technologies +3 %, während Mobile Networks nach Einmaleffekten im Vorjahr um 13 % zurückging.
Die Margen verringerten sich. Die vergleichbare Bruttomarge blieb bei 44,7 %, die operative Marge sank jedoch um 290 Basispunkte gegenüber dem Vorjahr auf 6,6 %, bedingt durch einen Verlust von 50 Mio. Euro aus einem Venture-Fonds (inkl. 60 Mio. Euro FX-Neubewertung) und höhere Zölle. Das vergleichbare Ergebnis je Aktie (EPS) fiel auf 0,04 Euro (–33 %). Der freie Cashflow betrug 0,1 Mrd. Euro; im ersten Halbjahr überstieg der FCF 0,8 Mrd. Euro. Die Nettoliquidität lag bei 2,9 Mrd. Euro, ein Rückgang von 47 % im Jahresvergleich, was die Infinera-Akquisition und Aktienrückkäufe widerspiegelt.
Prognose gesenkt: Die Spanne für das vergleichbare operative Ergebnis 2025 wurde auf 1,6–2,1 Mrd. Euro (vorher 1,9–2,4 Mrd.) gesenkt, da der Währungseinfluss nun eine Belastung von 230 Mio. Euro darstellt und Zölle mit 50–80 Mio. Euro zu Buche schlagen, während die FCF-Konversionsrate weiterhin bei 50–80 % erwartet wird. Eine Dividende von 0,04 Euro je Aktie wurde genehmigt (zweite von vier genehmigten Tranchen).
Optical Networks hielt eine Book-to-Bill-Quote von über 1, der Umsatz mit Hyperscalern erreichte 5 % des Konzernumsatzes, und die Integration von Infinera schreitet voran. CEO Justin Hotard erwartet eine stärkere zweite Jahreshälfte, getragen von der Saisonalität des vierten Quartals, mit Wachstum im Network Infrastructure-Segment und stabilen Mobile Networks-Umsätzen auf CC-Basis.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2025
Commission File Number: 001-42213
WeRide Inc.
21st Floor, Tower A, Guangzhou Life Science Innovation Center
No. 51, Luoxuan Road, Guangzhou International Biotech Island
Guangzhou 510005
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
RECENT BUSINESS DEVELOPMENT
Saudi Arabia Launches Its First Robotaxi Pilot as WeRide Expands into Another Global Market
WeRide (NASDAQ: WRD), a global leader in autonomous driving technology, has launched Saudi Arabia’s first Robotaxi pilot service in Riyadh. This is currently the only Robotaxi pilot in Saudi Arabia and comes less than two months after WeRide announced its market entry in May — underscoring the company’s rapid execution and leadership in global Robotaxi commercialization.
WeRide launched Saudi Arabia’s first Robotaxi pilot service in Riyadh
The pilot will be conducted under the Transport General Authority’s (TGA) oversight, operating on public roads and covering King Khalid International Airport and several key core areas in Riyadh, including major highways and selected city center destinations. The Robotaxi vehicles, provided by WeRide, will be available through the Uber platform, with the first batch consisting of dozens of vehicles.
Jennifer Li, CFO and Head of International at WeRide (third from right) and His Excellency Eng. Saleh bin Nasser Al-Jasser, the Minister of Transport and Logistics Services and Chairman of the Board of the Transport General Authority (seventh from left), at the launch event
Riyadh marks WeRide's third market partnership with Uber, following successful deployments in Abu Dhabi and Dubai. Full commercial services are expected on the Uber platform at the end of 2025.
This pilot is a key milestone for WeRide’s expansion in Saudi Arabia and the wider Middle East. It aligns with the Kingdom’s National Transport and Logistics Strategy and Vision 2030, delivering safer, smarter, and more sustainable mobility solutions.
Saudi Arabian government officials experiencing WeRide's Robotaxi GXR
WeRide played a central role in making the pilot possible — leading initial regulatory engagement, registering Saudi Arabia’s first Robotaxi, overseeing localization and model training, and integrating services with the Uber app — showcasing its technical agility and execution capabilities in global markets.
In May 2025, WeRide officially announced its entry into into Saudi Arabia, launching the testing and operations of its autonomous driving products. This included ground preparation for its Robotaxi service, with TGA’s support, ahead of the pilot phase.
In the same month, WeRide deployed the Robobus across several locations, including King Fahad Medical City, Aramco residential communities, AlUla, and the Ritz-Carlton, Riyadh. It also deployed the Robosweeper S1 in King Fahad Medical City — marking the first monetized autonomous sanitation project in both Saudi Arabia and the Middle East.
SAFE HARBOR STATEMENT
This Report contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about WeRide's beliefs, plans, and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide's filings with the U.S. Securities and Exchange Commission. All information provided in this Report is as of the date of this Report. WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WeRide Inc. | ||
| By : |
/s/ Jennifer Li | |
| Name: | Jennifer Li | |
| Title : | Chief Financial Officer | |
Date: July 24, 2025
FAQ
Why did Nokia (NOK) lower its 2025 profit outlook?
How did each business segment perform in Q2 2025?
What was Nokia’s Q2 2025 earnings per share?
How much free cash flow did Nokia generate?
What dividend will Nokia pay from the latest authorization?
What is Nokia’s net cash position after Q2 2025?
