Q3 2025 WeRide Inc Earnings Call Transcript
Key Points
- WeRide Inc (WRD) secured the world's first city-level fully driverless robo taxi commercial permit in Abu Dhabi, marking a significant milestone in autonomous vehicle deployment.
- The company expanded its operations to 11 countries and over 30 cities, with more than 1,600 L4 level autonomous vehicles in operation worldwide.
- WeRide Inc (WRD) reported a 144% year-over-year revenue growth, reaching 171 million RMB, driven by fleet expansion and increased service penetration.
- The company achieved a 761% year-over-year increase in robo taxi revenue, highlighting strong growth in this segment.
- WeRide Inc (WRD) has developed a dual flywheel strategy, leveraging data from both L4 and L2++ systems to enhance its technology and maintain a competitive edge.
- Operating expenses decreased by 51%, but R&D expenses increased by 24%, indicating ongoing high costs associated with technological development.
- The company's net loss narrowed by 71% to 307 million RMB, but adjusted net loss increased by 15% due to continued R&D investments.
- There is a significant reliance on regulatory approvals for expansion, which could pose challenges in scaling operations globally.
- The fluctuation in robo taxi revenue contribution indicates potential volatility in this revenue stream.
- WeRide Inc (WRD) has not yet initiated its $100 million share repurchase program due to regulatory restrictions, which may impact shareholder returns.
Hello, can you hear me?
Good morning and good evening, ladies and gentlemen.
Thank you for standing by. Welcome to rewrite 3rd quarter 2025 conference call.
At this time, all participants are in the list and only mode.
The company will be hosting a question-and-answer session after management prepare remarks.
Please note that today's event is being recorded. The company's unaudited financial and operating results were released by the newswire earlier today and are currently available online.
Joining us today are WeWrite's founder, Chairman and CEO Dr. Tony Han, and CFO and head of International, Ms. Jennifer Lee.
Before we continue, I would like to refer you to the safe harbor statement in the company's earnings press release, which also applies to this call, as today's call will include forwardworking statements, including rewrite strategies and future plans. These forward-looking statements are made under the Safe harbor provisions of the US Private Security Syndication Reform Act of 1,995.
Forward-looking statements involve
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