WeRide's Q1 2025: Conflicting Strategies on Market Expansion and OEM Partnerships

None



Revenue Growth and Product Impact:
- WeRide Inc.'s total revenue for the first quarter of 2025 increased by 1.8%, reaching RMB72.4 million.
- The growth was primarily driven by a 46.7% increase in product revenue, which rose to RMB9.5 million, attributed to enhanced sales of RoboTaxi and RoboSweepers in new international markets.

Strong RoboTaxi Performance:
- RoboTaxi revenue surged by 22.3%, contributing RMB16.1 million to the total revenue, marking 22.3% of the overall revenue.
- The increase was due to the company's expanded operations and successful integration of its services with partners like Uber.

Operational Expansion and Partnerships:
- WeRide expanded its operational service areas, including first driverless Robotaxi testing in Abu Dhabi and Robotaxi presence in Europe.
- This expansion was facilitated by strategic partnerships, notably with Uber, which also led to a $100 million equity investment.

Cost Optimization and Technology Advancements:
- The company's cost optimization, particularly in the sensor suite, led to a reduction of more than 70% over the past five years.
- This reduction was supported by advancements in the autonomous driving technology platform, WeRide One, which enhances efficiency across various product lines.