WeRide logo

WeRide

PublicNASDAQ: WRDFounded 2017🇨🇳Guangzhou, ChinaCEO Tony Han

WeRide is a commercial-stage autonomous-driving company building products from Level 2 ADAS to Level 4 robotaxis, robobuses, robovans, and robosweepers.

01

Overview

It operates or tests in 60+ cities across 13 countries, holds autonomous-driving permits in nine markets (China, the UAE, Singapore, France, Switzerland, Saudi Arabia, Belgium, the US, and Spain), and is scaling a global L4 fleet of about 3,400 vehicles, including more than 1,800 robotaxis - including fully driverless commercial service in Dubai and public service in Singapore - with Uber, Grab, Geely Farizon, Renault, GAC, Chery, and other partners. Europe has become a fast-moving front in 2026: WeRide, Uber and AVOMO received Spain's first national Level 4 passenger-vehicle permit from the DGT on September 10, 2026 (the first EU national approval for WeRide's GXR), after announcing a Madrid commercial robotaxi pilot in early June; fare-charging Zurich service with Uber and Rydera is still targeted around December 2026 with about 12 safety-driver vehicles, not yet a live commercial launch (Wikipedia still lists Zurich as announced for 2026). The Slovak government backed a plan for WeRide to roll out its full Level 4 portfolio nationwide, and as of September 20, 2026 Wikipedia still lists Bratislava as announced rather than commercial. Hong Kong remains the first right-hand-drive GXR market with Kwoon Chung. As of September 20, 2026 WeRide had not announced that the upgraded GXR had begun rolling off Geely Farizon's line (the March plan targeted Q3 2026) and had not disclosed an interim count against the 2,000-unit 2026 delivery target; the latest fleet print remains 1,800+ robotaxis / ~3,400 L4 vehicles as of July 31. In July 2026 WeRide accelerated the global rollout of its one-stage end-to-end L2++ intelligent-driving solution - co-developed with Bosch and integrated with Bosch's automotive-grade domain controller - beginning on-road testing and localization in Germany, France, and Japan, with production design wins now spanning 30+ vehicle programs at Chery and GAC, an L3 proof-of-concept with Mercedes-Benz disclosed on the Q2 2026 call, and cumulative WRD 3.0 deliveries topping 30,000 units, against a company target of 100,000 by year-end 2026 and 500,000 in 2027. On August 3, 2026 WeRide announced a strategic partnership with Danish shared-mobility operator GreenMobility to bring Level 4 autonomous ride-hailing to Denmark, its sixth European market and first in the Nordic region, targeting public service in the first half of 2027 pending Danish regulatory approval. Reporting record Q2 2026 revenue on August 12 (gross margin a record 37.5%, up from 28.1% a year earlier), CEO Tony Han said WeRide is now in talks with regulators in Australia and eyeing South Korea, Japan, and Southeast Asia as further expansion markets. WeRide's Hong Kong shares joined the HKEX Tech 100 Index effective September 14, 2026 after the exchange's September quarterly review. On September 15, 2026 GAC AION launched the 2027 AION i60 with WeRide's WRD 3.0 available from delivery, which WeRide called a move from the AION N60 validation car into multi-model mass production.

en.wikipedia.orgUpdated Sep 20, 2026

Analysis · 4 min read · Jun 15, 2026The long view on WeRide: strategy, technology and what to watch

02

What's next12

  1. 2026

    Deliver 2,000 upgraded GXRs

    Execute the Geely Farizon production plan (upgraded GXR was slated to start rolling off the line in Q3 2026) and move the global operating robotaxi fleet past 2,600 vehicles. As of the August 12, 2026 Q2 results the global robotaxi fleet stood at 1,800+ vehicles (3,400 total L4 vehicles including robobuses and robosweepers) as of July 31, 2026 - below the 2,600-robotaxi milestone. As of September 20, 2026 WeRide had still not disclosed an interim GXR delivery count against the 2,000-unit 2026 target, and had not announced that the upgraded model had begun rolling off the Farizon line even though Q3 2026 is in its final days.

  2. 2026-2031

    Ramp HPC 3.0 toward the 200,000-vehicle Lenovo plan

    Move the WeRide-Lenovo agreement from announcement to volume by bringing the HPC 3.0 compute platform (Lenovo AD1 + NVIDIA DRIVE AGX Thor) into production and jointly deploying 200,000 Level 4 vehicles - robotaxis, robobuses, and robosweepers - globally over five years, leveraging its ~50% suite-cost reduction to improve per-vehicle economics. As of September 16, 2026 WeRide had still not disclosed interim unit counts or ramp data specific to the Lenovo plan since the April 2026 announcement, though the GXR product page lists HPC 3.0 and 2,000 TOPS as current GXR hardware and the company's separate WRD 3.0 ADAS line (which also runs on Lenovo-partnered compute) passed 30,000 cumulative deliveries in Q2 2026.

  3. 2026-2027

    Deploy right-hand-drive robotaxis in Hong Kong

    Bring the GXR-based right-hand-drive robotaxi developed with Geely Farizon and Kwoon Chung into commercial service in Hong Kong - building on Kwoon Chung's existing Hong Kong pilot autonomous-driving licence and on-road trials - then extend the RHD model to Singapore, the United Kingdom, Japan, and Australia. As of September 16, 2026 the RHD program remained in the trial/development phase ahead of first commercial deployment, with no updates on a Hong Kong launch date since the June 22 announcement.

  4. 2026-2027

    Execute the Slovakia Level 4 rollout

    Bring the first WeRide vehicles into Slovakia in mid-2026 under the ELEVATE Slovakia framework with partner DiusAI, run multi-product testing in Bratislava before extending to Košice and the High Tatras, and move selected robotaxi and robobus models into public commercial operation as Slovak and EU safety approvals are met. The June 10, 2026 WeRide post said the first batch was set to arrive that month. As of September 20, 2026 Wikipedia still lists Bratislava as 'service announced' rather than commercial, and WeRide has not posted a later update confirming public commercial operations.

  5. 2026-2027

    Broaden ADAS production programs

    Turn WRD 3.0 design wins (30+ production programs at Chery and GAC, plus an L3 proof-of-concept with Mercedes-Benz disclosed on the August 12, 2026 Q2 call) into volume. On September 15, 2026 GAC AION launched the 2027 AION i60 with WRD 3.0 available from delivery, which WeRide called a step from the AION N60 validation car into multi-model mass production. The Bosch-partnered one-stage end-to-end L2++ solution began international on-road testing in Germany, France, and Japan in July 2026. Cumulative deliveries passed 30,000 units by Q2 2026; the company's stated targets remain 100,000 units by year-end 2026 and 500,000 in 2027. WeRide said it will keep working with GAC AION and other GAC Group brands to put WRD 3.0 on more models.

03

Latest news9

  1. Dubai opens Mobility Labs naming Tesla, WeRide and Pony.ai

    Dubai's Roads and Transport Authority and the Dubai Integrated Economic Zones Authority inaugurated Dubai Mobility Labs at Dubai Silicon Oasis on 27 September 2026. The facility has 248 test scenarios across controlled tracks and public roads toward Al Qudra, and RTA said it has already hosted trials of vehicles and autonomous-driving systems from WeRide, Pony.ai and Tesla. German testing firm DEKRA will operate the labs for the first three years under Dubai's plan to make 25 percent of journeys autonomous by 2030.

    gulfnews.com www.thenationalnews.com + Tesla+ Pony.ai

  2. WeRide WRD 3.0 enters mass production on AION i60

    GAC AION launched the 2027 AION i60 on September 15 as a five-seat SUV in battery-electric and range-extended variants, powered from delivery by WeRide's WRD 3.0 one-stage end-to-end L2++ ADAS. WeRide said the stack, which it credits with eight China Urban Intelligent Driving Competition championships, now moves from the earlier AION N60 validation car into multi-model mass production, with features including NDA from a parked state, campus roaming without navigation, remote parking, three-point turns and parking-space-to-parking-space navigation. WeRide said it will keep working with GAC AION and other GAC Group brands to put WRD 3.0 on more models.

    GlobeNewswire

  3. Spain grants WeRide first national L4 permit

    Spain's Directorate-General for Traffic issued the first national permit for Level 4 autonomous passenger vehicles on public roads to WeRide, Uber and AVOMO on September 10, 2026 under the DGT ES-AV framework. The partners said it is the first national approval for WeRide's GXR in the European Union and the start of mapping and route validation in Greater Madrid, with an initial 20 vehicles carrying an onboard specialist. Commercial service is targeted by the end of 2026, the first joint WeRide-Uber deployment in Europe and the fourth of 15 cities in their partnership.

    WeRide Reuters

  4. WeRide plans 10,000 Saudi robotaxis by 2030

    WeRide CFO and international head Jennifer Li told AGBI the company plans 7,000 to 10,000 robotaxis in Saudi Arabia by 2030, versus about 100 vehicles in Riyadh by the end of 2026. Service, launched last year with Uber and local partner Ai Driver from the airport, is set to expand into central Riyadh's Olaya district and into Qiddiya next year, while WeRide also runs autonomous buses in AlUla. Li said Robosweeper units were recalled for upgrades to handle Gulf dust and sand.

    AGBI

  5. WeRide Q2 revenue jumps 82% as robotaxi fleet hits 3,400

    WeRide reported Q2 2026 total revenue of RMB231.7 million (about $32 million) on August 12, up 82.2% year over year and 103.1% quarter over quarter, with overseas revenue up 164.4% year over year. The company's global Level 4 fleet reached about 3,400 vehicles, including more than 1,800 robotaxis, as of July 31, 2026.

    WeRide (GlobeNewswire) WeRide (SEC 6-K filing)

04

Products5

05

Key metrics

Employees
~3,661 (as of Dec. 31, 2025)
Est. annual revenue
$97.9M in FY 2025

H1 2026 total revenue up 73.3% YoY; Q2 2026 revenue RMB231.7M / ~$32M (+82.2% YoY, +103.1% QoQ) at a record 37.5% gross margin. No newer quarterly print as of September 20, 2026.

Global Robotaxi Fleet
~3,400 total L4 fleet incl

1,800+ robotaxis (as of July 31, 2026)

Global AV Fleet
~3,400

(July 31, 2026), up from ~2,800 in Q1 2026

Markets
60+ cities / 13 countries

permits in 9 markets after Spain's DGT Level 4 national permit on Sept 10, 2026

Gross Margin
37.5% in Q2 2026

(record), up from 28.1% in Q2 2025

Q2 2026 Revenue
RMB231.7M / ~$32M

(+82.2% YoY, +103.1% QoQ), record quarter; overseas revenue +164.4% YoY

Cash & Investments

~$795.6M cash, time deposits, and other liquid financial resources (Jun 30, 2026), down from ~$902M at Mar 31, 2026

EBITDA Loss
-RMB335.4M / ~-$49.4M in Q2 2026

(company-defined EBITDA, not adjusted EBITDA), narrowing 8.1% YoY from -RMB364.8M in Q2 2025; non-IFRS adjusted loss was RMB338.5M

Market Cap
~$1.82B on StockAnalysis

(25 Sep 2026 close $5.53, 328.96M shares) versus CNBC $1.518B on 274.49M shares

06

Operations & revenue

Operating status

Operational

WeRide remains operational. Dubai Mobility Labs opened 27 Sep 2026 at Silicon Oasis with 248 scenarios; RTA said WeRide, Pony.ai and Tesla vehicles have already been trialled there. That is a testing-lab milestone, not a new fare-charging launch; WeRide already runs fully driverless Dubai robotaxis on Uber. Spain's 10 Sep DGT L4 permit still covers Greater Madrid mapping and testing with about 20 specialist-supervised GXRs, with commercial service still targeted by year-end 2026. Wikipedia still lists Zurich and Bratislava as announced, not commercial. Q2 2026 remains the latest financial print: RMB231.7M revenue, 37.5% gross margin, about 3,400 L4 vehicles including 1,800-plus robotaxis as of 31 Jul. The upgraded GXR, slated to roll off Geely Farizon in Q3 2026, had still not been publicly confirmed in production as of 28 Sep. WRD closed at $5.53 on 25 Sep; StockAnalysis market cap $1.82B on 328.96M shares versus CNBC $1.518B on 274.49M shares. About and IR pages still say eight permit markets, omitting Spain. CEO Tony Han.

Revenue streams

  • Robotaxi Services and Vehicle Sales

    Robotaxi fare service, platform integrations, and GXR vehicle deployments; robotaxi revenue reached $21.2 million in FY 2025.

  • L4 Vehicle Products

    Sales and operations for robobuses (now branded LCR 2.0), robovans, robosweepers, and other Level 4 applications across mobility, logistics, and sanitation.

  • ADAS and Data Services

    WRD 3.0 and related one-stage end-to-end L2++ ADAS programs for OEMs - now co-developed with Bosch on its automotive-grade domain controller, with 30+ production design wins at Chery and GAC, an L3 proof-of-concept with Mercedes-Benz disclosed on the Q2 2026 call, and international road testing under way in Germany, France, and Japan (July 2026) - plus intelligent data services. Cumulative WRD 3.0 deliveries passed 30,000 units by Q2 2026, with the company targeting 100,000 units by year-end 2026 and 500,000 in 2027; ADAS revenue grew roughly 2,600% year over year in Q2 2026.

07

Timeline25

  1. 2026

    1. Named among first Dubai Mobility Labs trial operators

      On 27 September 2026 Dubai's RTA and DIEZ inaugurated Dubai Mobility Labs at Dubai Silicon Oasis, with 248 test scenarios on closed tracks and public roads toward Al Qudra. RTA said WeRide, Pony.ai and Tesla vehicles and systems have already been trialled there. WeRide already operates fully driverless robotaxis in Dubai; this is a testing-lab milestone, not a new commercial launch.

    2. WRD 3.0 enters mass production on the 2027 AION i60

      On September 15, 2026 GAC AION launched the 2027 AION i60, a five-seat SUV in battery-electric and range-extended variants, powered from delivery by WeRide's WRD 3.0 one-stage end-to-end L2++ ADAS. WeRide said the stack, which it credits with eight China Urban Intelligent Driving Competition championships, now moves from the earlier AION N60 validation car into multi-model mass production, with NDA from a parked state, campus roaming without navigation, remote parking, three-point turns and parking-space-to-parking-space navigation. WeRide said it will keep working with GAC AION and other GAC Group brands to put WRD 3.0 on more models.

    3. Joins the HKEX Tech 100 Index

      On August 31, 2026 WeRide announced it would become a constituent of the HKEX Tech 100 Index after Hong Kong Exchanges and Clearing's September 2026 quarterly review. The change was implemented after the close on September 11 and took effect on September 14, 2026, adding WeRide to a 100-stock benchmark of Southbound Stock Connect-eligible technology names spanning AI, biotech, EVs and intelligent driving, IT, internet services, and robotics.

    4. Receives Spain's first national Level 4 passenger-vehicle permit

      On September 10, 2026 WeRide, Uber and AVOMO received Spain's first national permit for Level 4 autonomous passenger vehicles on public roads from the Directorate-General for Traffic under the DGT ES-AV framework. WeRide called it its ninth autonomous-driving permit worldwide and the first national approval for the GXR in the European Union. The authorization covers mapping, route validation and operational readiness testing in Greater Madrid, with an initial 20 vehicles carrying an onboard vehicle specialist and commercial service targeted by the end of 2026 - the partners' first joint European deployment and the fourth of 15 cities in the WeRide-Uber partnership.

    5. Sets 7,000-10,000 Saudi robotaxi target by 2030

      CFO and international head Jennifer Li told AGBI WeRide plans 7,000 to 10,000 robotaxis in Saudi Arabia by 2030, with the Riyadh fleet expected to reach about 100 vehicles by the end of 2026. Service with Uber and Ai Driver, launched from the airport last year, is due to expand into central Riyadh's Olaya district and into Qiddiya in 2027; WeRide also operates autonomous buses in AlUla. Li said Robosweeper units were recalled for upgrades against Gulf dust and sand.

    6. Q2 revenue up 82% as global fleet hits 3,400

      WeRide reports Q2 2026 total revenue of RMB231.7 million (about $32 million) on August 12, up 82.2% year over year and 103.1% quarter over quarter, with overseas revenue up 164.4% year over year and a record gross margin of 37.5% (up from 28.1% a year earlier). The company's global Level 4 fleet reaches about 3,400 vehicles, including more than 1,800 robotaxis, as of July 31, 2026, operating across more than 60 cities in 13 countries. Cumulative WRD 3.0 ADAS deliveries pass 30,000 units, with the company targeting 100,000 by year-end 2026 and 500,000 in 2027; net loss narrowed slightly year over year to about RMB401 million. On the earnings call CEO Tony Han said WeRide is in talks with Australian regulators and is eyeing South Korea, Japan, and Southeast Asia as further expansion markets.

    7. Enters Denmark, its sixth European market

      On August 3, 2026 WeRide announced a partnership with Danish electric car-sharing operator GreenMobility to launch Denmark's first commercial autonomous ride-hailing service, becoming the first Chinese robotaxi company to enter the Nordic region. The companies plan public operations in the first half of 2027 using WeRide's Level 4 GXR vehicle, pending approval from the Danish Road Directorate and Danish Road Traffic Authority.

    8. Named among China's Top 10 AI case studies for UAE deployment

      On July 18, 2026 WeRide's autonomous-driving deployment in the United Arab Emirates was selected as one of the Top 10 examples of international cooperation in Chinese AI technologies - the only autonomous-driving company recognized. WeRide runs commercial robotaxi service in both Abu Dhabi and Dubai (bookable through the Uber platform) and holds autonomous-driving permits across eight markets, underscoring the Gulf's role as a flagship region for its global expansion.

08

Funding

$459Mdisclosed across 1 round with a stated amount

  1. Series A

    October 2018

    Undisclosed

    Renault-Nissan-Mitsubishi Alliance and others

  2. Series D

    January 2022

    Valuation: $4.4B

    China-UAE joint sovereign fund, Asia Investment Capital, Bosch, GAC Group, Carlyle and others

  3. Nasdaq IPO + Private Placement

    October 2024

    Up to ~$458.5M

    Public offering and concurrent private placements

  4. Hong Kong IPO

    November 2025

    HK$2.39B

    Public offering (HKEX: 0800)

All Robotaxis