WeRide (WRD) investor relations material

Executive summary

• Achieved global expansion with robotaxi launches and permits in Dubai, Riyadh, Shanghai, Abu Dhabi, and Singapore, now operating in 10 countries and over 30 cities.

• Formed key partnerships with Uber, Lenovo, and Chery, and secured autonomous driving permits in six countries.

• Launched proprietary HPC 3.0 platform with NVIDIA DRIVE AGX Thor, reducing system costs by 50% and enabling mass production of L4 vehicles.

• Expanded multi-product strategy with robotaxi, robobus, robosweeper, and robovan, enhancing data collection and adaptability.

• Maintained a strong safety record with over 14 million kilometers of autonomous driving and zero regulatory incidents over 2,200 days.

Financial highlights

• Q2 revenue reached RMB127.2 million, up 60.8% year-over-year, driven by robust product and service growth.

• Robotaxi revenue surged 836.7% year-over-year to RMB45.9 million, now 36.1% of total revenue.

• Product revenue rose 309.6% year-over-year to RMB59.8 million, mainly from robotaxi and robosweeper sales.

• Service revenue grew 4.3% year-over-year to RMB67.4 million, supported by intelligent data services and L4 operational support.

• Group gross profit increased 40.6% to RMB35.7 million, with a gross margin of 28.1%.

Outlook and guidance

• Plans to double ride volume and expand robotaxi fleet to hundreds of vehicles in Abu Dhabi by year-end.

• Targeting expansion to 15 additional cities through Uber partnership and aiming for thousands of vehicles globally in 2026, subject to permits.

• Expects robotaxi revenue to remain a major contributor as global scaling continues.

• Focused on markets with strong unit economics, especially Middle East, Singapore, and Europe.

• Management expects continued global expansion, especially in the Middle East and Southeast Asia, with commercial robotaxi launches planned in new markets.