WeRide's Trading Volume Plummets 66% Ranking 385th in Stock Market

On May 22, 2025, WeRide's trading volume reached 246 million, a 66.32% decrease from the previous day, ranking 385th in the day's stock market. The stock price of WeRide Inc (WRD) fell by 1.75%.

WeRide Inc reported its Q1 2025 earnings, revealing a 1.8% increase in total revenue to RMB72.4 million. Robotaxi revenue contributed 22.3% to the group's total revenue, reaching RMB16.1 million. Product revenue saw a significant increase of 46.7% to RMB9.5 million, while service revenue declined to RMB62.9 million due to the completion of ADAS R&D projects. The gross margin for the group was 35.0%, with product and service margins at 49.9% and 32.8% respectively.

Operating expenses rose by 14.2% to RMB463.5 million, with R&D expenses increasing by 17.3% to RMB325.7 million, accounting for 70.3% of total operating expenses. The net loss decreased by 17.7% to RMB385.1 million, but the non-IFRS net loss increased by 108.2% to RMB294.6 million. The company's capital reserve stands at RMB6.2 billion, including RMB4.4 billion in cash equivalents and time deposits. WeRide has authorized a share repurchase program of up to $100 million of class A ordinary shares over the next 12 months.

WeRide Inc expanded its partnership with Uber, securing an additional $100 million in equity investment and committing to providing global taxi services in 15 additional cities. The company launched the first driverless robotaxi testing in Abu Dhabi, marking a significant milestone in the Middle East. WeRide also expanded its autonomous mobility operations in China, launching the country's first 24/7 autonomous ride-hailing network in Guangzhou. The company achieved a record high in Robotaxi revenue, contributing 22.3% to the group's total revenue, up from 11.9% the previous year. WeRide maintains a strong safety record with no accidents attributed to its autonomous driving systems over 2000 days of operation.

Despite these positive developments, WeRide faces challenges such as slower overall growth, a decline in service revenue, and increased operating expenses. The company's net loss increased by 108.2% on a non-IFRS basis, primarily due to continuous investment in R&D. Additionally, WeRide faces growing competition in the autonomous driving industry, particularly from aggressive OEMs entering the Robotaxi business.