Overview
- WeRide, which reported results Wednesday, posted Q1 revenue of RMB114.1 million, up 57.6% year over year.
- International operations expanded with fully driverless launches in Dubai and Singapore, and driverless service now covers 70% of Abu Dhabi’s core area.
- WRD 3.0, the company’s driver-assist platform for L2 vehicles, is in mass production with design wins across nearly 30 models and support for Nvidia, Qualcomm and Cy Engine chips.
- WeRide remained loss-making with a Q1 net loss of RMB389.1 million, though it held about RMB6.18 billion in cash and time deposits as of March 31.
- Management targets 2,600 robotaxis by end‑2026 and, with Uber, at least 1,200 vehicles across Abu Dhabi, Dubai and Riyadh by 2027.