Q4 2025 WeRide Inc Earnings Call Transcript
Key Points
- WeRide Inc (WRD) reported a record high revenue of RMB685 million for 2025, marking a 90% year-over-year growth, driven by expanding robotaxi deployments and robust demand for robobus and other autonomous driving products.
- The company's global robotaxi fleet size reached 1,125 vehicles, with significant growth in both domestic and international markets.
- WeRide Inc (WRD) achieved a 38% reduction in total cost of ownership, enhancing operating efficiency and unit economics.
- The company expanded its international footprint, deploying autonomous vehicles in 12 countries and securing official permits in eight markets.
- WeRide Inc (WRD) launched innovative features like the flexible free poodle feature and broadened access through major mobility platforms, leading to a 900% year-over-year growth in registered users for its robotaxi service.
- Despite strong revenue growth, WeRide Inc (WRD) reported a net loss of RMB1.65 billion for the full year 2025, although this was a 34% improvement from the previous year.
- Operating expenses remained high, with R&D expenses increasing by 26% to RMB1.37 billion for the full year 2025, reflecting the company's focus on long-term technological leadership.
- The company faces significant competition in the autonomous driving space, with other OEMs and Tier 1 suppliers also working on L4 robotaxi technology.
- WeRide Inc (WRD) is heavily reliant on regulatory approvals for its international expansion, which could pose risks if there are changes in regulatory environments.
- The company's ambitious expansion plans, including a target to deploy 2,600 robotaxis globally by the end of 2026, are subject to market conditions and regulatory approvals, which could impact execution.
Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to WeRide's fourth-quarter and full-year 2025 earnings conference call. Please note that today's event is being recorded. (Operator Instructions) For today's call, management will use English as the main language. A third-party interpreter will provide simultaneous Chinese interpretation. (Operator Instructions) Please note that the Chinese interpretation is for convenience purposes only. In the case of any discrepancy, management statements in their original language will prevail.
Joining us today are WeRide's Founder, Chairman, and CEO Dr. Tony Han; and CFO and Head of International, Ms. Jennifer Li. Before we continue, I'd 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 following statements including WeRide's strategies and future plans.
These forward-looking statements are made under the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward- looking
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