WeRide (WRD) Deutsche Bank ADR Virtual Investor Conference summary

Strategic vision and global expansion

• Mission is to transform urban living with a universal autonomous driving platform spanning L2+ to L4, operating in 12 countries and over 40 cities across China, Middle East, Europe, and Asia.

• Holds autonomous driving permits in eight countries and has deployed fleets in major global markets, including significant presence in the Middle East and Europe.

• Middle East operations are profitable, with over 200 robotaxis and key regulatory milestones such as the first city-level, fully driverless commercial permit in the region.

• European expansion includes the first driverless robotaxi permit in Switzerland and plans to enter two more major cities this year.

• Strategic partnerships with platforms like Alibaba's Amap and WeChat broaden domestic reach in China.

Operational performance and technology advancements

• Manages one of the world's largest autonomous fleets, with over 2,100 L4 vehicles and 1,100 robotaxis.

• Achieved a 38% reduction in total cost of ownership and a 15% drop in vehicle BOM cost, driven by operational efficiency and new HPC 3.0 platform.

• Remote assistance ratio improved from 1:10 to 1:40, significantly lowering safety officer costs.

• Daily orders per robotaxi in China average 15, peaking at 26, with a 900% year-on-year growth in registered users.

• Free PUDO feature enables unlimited pickup/dropoff points, matching leading ride-hailing platforms.

Financial highlights and unit economics

• 2025 revenue reached RMB 685 million, up 90% year-over-year; robotaxi revenue grew 210% to RMB 148 million, increasing its share of total revenue from 13% to 22%.

• Margins remain stable at an industry-leading 30%, with net loss narrowing and expectations to reach break-even in China within a year.

• Outside China, robotaxi operations have already surpassed break-even.