WeRide's Trading Volume Surges 262.49% to 7.23 Billion, Ranks 122nd in Daily Market

On May 21, 2025, WeRide's trading volume reached 7.23 billion, marking a significant 262.49% increase from the previous day. This surge placed WeRide at the 122nd position in the daily stock market rankings.

WeRide has announced a strategic expansion of its commercial robotaxi services, partnering with Uber to introduce services to 15 additional cities over the next five years. This initiative builds on their successful deployment in Abu Dhabi and the upcoming launch in Dubai. The collaboration aims to leverage Uber's extensive network and WeRide's advanced autonomous driving technology to enhance mobility solutions in these new markets.

In addition to its expansion plans, WeRide has launched a US$100 million share repurchase program. This move is part of the company's strategy to return value to shareholders and demonstrate confidence in its future growth prospects. The share repurchase program is expected to support the company's stock price and provide liquidity to the market.

WeRide's first-quarter 2025 financial results highlight both positive and negative aspects of the company's performance. The company reported a total revenue of RMB72.4 million (US$10.0 million), a 1.8% increase from the same period in 2024. The robotaxi business contributed 22.3% to total revenue, indicating growing commercial traction. However, the company also reported a net loss of RMB385.1 million (US$53.1 million) for the quarter, primarily due to increased operating expenses and higher personnel-related costs.

Despite the net loss, WeRide has made significant strides in global commercialization. The company has expanded its fleet size to over 1,200 units and achieved multiple regulatory approvals for commercial deployments in various markets. These achievements position WeRide as a leader in the autonomous driving space and demonstrate its commitment to long-term growth. The strategic partnership with Uber and regulatory approvals are positive indicators of future growth potential, but cost management will be crucial to achieving profitability.