WeRide Reports Strong 2025 Revenue Growth, Narrows Losses, and Achieves Major Global Autonomous Driving Milestones

summarizeSummary

WeRide Inc. reported strong revenue growth in 2025, significantly expanded its global autonomous vehicle fleet and operations, secured key international commercial permits, and remediated a material weakness in internal controls. The company also enhanced corporate governance by reducing Class B share voting rights.

check_boxKey Events

• Strong Revenue Growth & Narrowed IFRS Loss

  Total revenue increased by 89.6% to RMB684.6 million (US$97.9 million) in 2025, while IFRS net loss decreased by 34.2% to RMB1,654.9 million (US$236.6 million).

• Significant Global Operational Expansion

  The global autonomous vehicle fleet grew from 1,089 vehicles at the end of 2024 to 2,113 as of March 23, 2026. The global robotaxi fleet reached 1,125 vehicles, projected to reach 2,600 by the end of 2026.

• Key International Commercial Permits Secured

  WeRide secured the world's first city-level fully driverless robotaxi commercial permit outside the U.S. (Abu Dhabi) and Europe's first-ever driverless robotaxi permit for passenger service (Switzerland).

• Corporate Governance Enhanced with Reduced Voting Rights

  The voting rights of Class B ordinary shares were reduced from 40 votes per share to 10 votes per share, effective March 13, 2026.

auto_awesomeAnalysis

This annual report highlights WeRide Inc.'s significant progress in 2025 and early 2026, demonstrating strong execution on its growth strategy. The substantial increase in revenue and the narrowing of IFRS net losses, alongside a doubling of its global autonomous vehicle fleet and expansion into new international markets like Europe and the Middle East, underscore the company's accelerating commercialization efforts. Crucially, securing the world's first city-level fully driverless robotaxi commercial permit outside the U.S. and Europe's first driverless robotaxi permit for passenger service are major regulatory breakthroughs that establish WeRide as a global leader and first-mover in key regions. Furthermore, the remediation of a material weakness in internal controls and the reduction of Class B share voting rights from 40 to 10 votes per share represent significant improvements in corporate governance and transparency, which are positive for investor confidence. While the company continues to incur operating cash outflows and increased non-IFRS adjusted net losses as it invests heavily in R&D and expansion, these strategic advancements and governance enhancements provide a strong positive outlook for its long-term trajectory in the autonomous driving industry.