WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, announced its financial results for Q1 2025 on May 21, 2025. The company reported strong global performance with steady revenue growth, while maintaining an industry-leading gross profit margin of 35.0%. Robotaxi revenue reached RMB16.1 million, with its revenue share increasing by 10.4 percentage points. Additionally, WeRide deepened its strategic partnership with Uber to accelerate global Robotaxi commercialization, while securing an additional US$100 million equity investment from Uber.

(1) Financial Performance:

1. Steady revenue growth: Q1 total revenue reached RMB72.4 million (US$10.0 million)
2. Industry-leading gross profit margin of 35.0%
3. Robotaxi revenue rose significantly to RMB16.1 million (US$2.2 million)
4. Robotaxi revenue contributed to 22.3% of total revenue — 10.4 percentage points increase year-over-year
5. Strong cash and capital reserve of about RMB6.2 billion (US$853.1 million)
6. Share repurchase program of up to US$100 million over the next 12 months
7. WeRide's autonomous vehicle fleet size increased to over 1,200 vehicles globally
8. Uber committed to an additional US$100 million equity investment in WeRide

(2) Commercialization Progress:

Major Robotaxi Breakthroughs

Expanded global Robotaxi partnership with Uber to 15 additional cities

• Expanded strategic partnership to include 15 additional cities within the next five years, including in Europe and the Middle East

Introduced 8 autonomous 24-hour Robotaxi pilot operation routes in central Guangzhou

• 8 commercial Robotaxi routes covering key landmarks in Guangzhou including the Canton Tower, the Canton Fair Complex, Garden Hotel, and Zhujiang New Town, as well as national transportation hubs like Guangzhou Baiyun International Airport and Guangzhou South Railway Station

Middle East's first fully driverless Robotaxi testing launched in Abu Dhabi

• Launched fully driverless Robotaxi testing without safety drivers in Abu Dhabi, and expanded service coverage to two high-demand islands, Al Maryah Island and Al Reem Island

Upcoming Robotaxi launch in Dubai

• WeRide and Uber will collaborate on a Robotaxi pilot in Dubai, with the support of RTA, expanding to their second city in the Middle East

Secured Key L4 Autonomous Driving Licenses, Launched "Industry First" Commercial Projects

Robobus granted trial operation permit in France

• WeRide's Robobus was granted Level-4 trial operation permit in France for autonomous vehicles

Spain's first open-road, mass-produced autonomous driving trial service launched

• An autonomous Robobus trial service was launched in central Barcelona, connecting landmarks such as Casa Batlló and Casa Milà

Robovan W5 granted testing permit in China

• WeRide received Guangzhou Nansha District’s first batch of driverless road-testing licenses, authorizing its Robovan W5 for driverless testing on public roads

Robosweeper S1 launched trial service in Jurong Lake Gardens, Singapore

• The Robosweeper S1 launched its trial service in Jurong Lake Gardens, Singapore, marking the first time the product operated in Singapore's heartland areas

First fare-charging Level-4 Robobus service in central Guangzhou

• WeRide launched a paid Robobus commercial service in central Guangzhou, marking the city's first fare-charging autonomous bus line in its downtown core

Multi-Party Strategic Partnerships to Strengthen Industry Ecosystem

Expanded partnership with Tencent Cloud on Robotaxi commercialization

• Expanded strategic cooperation agreement with Tencent Cloud to support WeRide’s autonomous driving R&D efforts, robotaxi commercialization and its expansion into international markets

Partnership with QNX to accelerate deployment of Software Defined Vehicles

• QNX, a division of BlackBerry Limited, and WeRide are working together to help accelerate the advancement and deployment of Software Defined Vehicles for automotive OEMs and suppliers around the world

About WeRide

WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Our autonomous vehicles have been tested or operated in over 30 cities across 10 countries. We are also the first and only technology company whose products have received autonomous driving permits in five markets: China, the UAE, Singapore, France, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named in Fortune Magazine’s 2024 “The Future 50” list.

Media Contact:

pr@weride.ai