WRD

Hesai Technology and WeRide Partnership: Hesai Technology's lidar solutions have been selected by WeRide to power autonomous vehicles operating on Uber's platform in Dubai, as part of the city's 2030 smart mobility initiative, aiming for 25% of journeys to be autonomous.

Significance of Autonomous Vehicles in Dubai: This collaboration marks a significant step in advancing autonomous transportation in the Middle East, with WeRide previously securing the UAE's first national license for self-driving vehicles and plans for further global expansion.

Hesai Technology and WeRide Partnership: Hesai Technology's lidar solutions have been selected by WeRide to power autonomous vehicles operating on Uber's platform in Dubai, as part of the city's 2030 smart mobility initiative, aiming for 25% of journeys to be autonomous.

Significance of Autonomous Vehicles in Dubai: This collaboration marks a significant step in advancing autonomous transportation in the Middle East, with WeRide previously securing the UAE's first national license for self-driving vehicles and plans for further global expansion.

Partnership Announcement: Uber Technologies and WeRide have partnered with Dubai's Road and Transport Authority to advance autonomous vehicle integration in the city, aiming for 25% of all journeys to be self-driving by 2030.

Market Growth Potential: The global autonomous driving market is projected to grow significantly, with an expected increase from $93 billion in 2025 to $1.745 trillion by 2030, highlighting the sector's potential for expansion, particularly in China.

Partnership Announcement: Uber and WeRide have partnered with Dubai's Road and Transport Authority to integrate autonomous vehicles (AVs) into the city's transport system, aiming to make 25% of journeys autonomous by 2030.

Future Mobility Goals: The collaboration will involve pilot programs that utilize Uber's technology for AV deployment, focusing on enhancing user experience, safety protocols, and regulatory frameworks to support autonomous mobility in Dubai.

Partnership Announcement: Uber and WeRide have partnered with Dubai's Road and Transport Authority to introduce autonomous vehicles, marking a significant step towards integrating self-driving technology into everyday life in the city.

Future Plans: The collaboration aims to support Dubai’s Self-Driving Transport Strategy, which seeks to convert 25% of all journeys into autonomous trips by 2030, with pilot programs to be announced in the coming months.

Uber and WeRide Partnership: Uber Technologies has partnered with Robotaxi company WeRide and Dubai's Road and Transport Authority to introduce autonomous vehicles in Dubai, aiming to enhance everyday mobility through pilot programs and technology integration.

Goals and Future Plans: The collaboration seeks to advance Dubai's Self-Driving Transport Strategy, targeting 25% of all journeys to be autonomous by 2030, with further details on the pilot launch expected in the coming months.

Pony AI's Milestone: Pony AI Inc has become the first company authorized to operate paid, fully driverless robotaxis in Shenzhen’s Nanshan District, expanding its services to connect with Baoan District and enhancing urban mobility across key areas.

Market Performance: Despite leading in autonomous mobility innovation, Pony AI's stock has declined over 15% in the past year, with a significant drop in robotaxi service revenue, while other companies like WeRide and Tesla are also advancing their own driverless technologies.

Grab's Loan and Acquisition Plans: Grab Holdings is in discussions to raise a $2 billion bridge loan to potentially acquire Indonesian rival GoTo Group, with the deal possibly exceeding $7 billion.

Financial Performance and Projections: Grab reported a 17% revenue growth for Q4 fiscal 2024, surpassing expectations, but projects cautious revenue estimates for the upcoming year amid challenges in the Southeast Asian market.

Annual Report Filing: WeRide Inc. filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the SEC on March 25, 2025, which is available electronically on their investor relations website.

Company Overview: WeRide is a leader in autonomous driving technology and the first publicly traded robotaxi company, operating in over 30 cities worldwide and recognized by Fortune Magazine for its innovative contributions to the industry.

WeRide's Profitability Strategy: WeRide aims to achieve profitability through a combination of robotaxis, diverse autonomous services, partnerships, and international expansion.

Approach to Scaling: Unlike other companies that focus solely on expanding robotaxi fleets for economies of scale, WeRide employs a multipronged strategy as indicated by CEO Tony Han.

WeRide's Business Growth: WeRide Inc. reported significant advancements in their autonomous driving technology and international expansion, including the launch of their new robotaxi model GXR, which has begun commercial operations in Beijing and a partnership with Uber for ride-hailing services in Abu Dhabi.

Financial Performance and Future Plans: The company achieved record-breaking global taxi revenue in 2024, despite an overall decrease in service revenue. They plan to continue investing in R&D and expanding their fleet internationally while focusing on profitability through a hybrid business model.

Financial Performance: WeRide Inc. reported a total revenue of RMB140.8 million ($19.3 million) for Q4, down from the previous year, with product revenue increasing due to strong sales in robotaxis and related vehicles, while service revenue declined. The company also faced a non-IFRS adjusted net loss of RMB245.5 million ($33.6 million).

Global Expansion Initiatives: WeRide is expanding its operations internationally, launching a robotaxi fleet in Abu Dhabi in partnership with Uber, securing permits for commercial services in Beijing, and entering Switzerland for an autonomous robotaxi pilot project, all while focusing on optimizing revenue through strategic partnerships and competitive pricing.

WeRide's Financial Performance: WeRide Inc. reported its financial results for 2024, achieving record-high robotaxi revenue and strong international growth despite a net loss of RMB2.52 billion (US$344.8 million). The company continues to invest in R&D and expand its autonomous vehicle services globally.

Global Expansion Initiatives: WeRide is actively expanding its autonomous driving services, including launching commercial robotaxi operations in Beijing and Abu Dhabi, as well as deploying robobuses in Europe. The company has also introduced new products like the robovan W5 and secured partnerships to enhance its market presence.

WeRide Corp's Approval: WeRide Corp has received approval to operate commercial robotaxi services in Beijing, allowing rides between the Beijing Economic-Technological Development Area and Beijing South Railway Station, starting from Wednesday via the "WeRide Go" app.

Expansion Plans: The company plans to further expand its services in Beijing, including operations at airports and other major transit hubs, while also accelerating the commercialization of its self-driving technology globally.

WeRide Launches Commercial Robotaxi Services: WeRide has received approval to operate commercial Robotaxi services between the Beijing Economic-Technological Development Area and Beijing South Railway Station, marking a significant milestone as it covers over 600 square kilometers in Beijing's core urban area.

Expansion Plans and Global Presence: The company plans to further expand its Robotaxi operations in Beijing and replicate its successful business model in international markets, having already launched services in nearly 10 cities worldwide, including partnerships with Uber in Abu Dhabi.

WeRide's Robotaxi Launch: WeRide has received approval to conduct commercial Robotaxi services in Beijing, marking the first operation of its kind in the city's core urban area, with an operational zone exceeding 600 square kilometers.

Future Expansion Plans: The company plans to expand its Robotaxi services further in Beijing and replicate its successful business models in international markets, enhancing global commercialization efforts.

WeRide Launches Robotaxi Services: WeRide has officially launched commercial Robotaxi services in Beijing, connecting the Beijing Economic-Technological Development Area and Beijing South Railway Station, covering over 600 square kilometers in the city's core urban area.

Expansion Plans: The company plans to further expand its operations both in Beijing and internationally, having already established regular Robotaxi services in nearly 10 cities worldwide, including partnerships with Uber in Abu Dhabi.

Autonomous Bus Testing in Barcelona: WeRide and Renault Group are conducting a free test of an autonomous robobus in Barcelona from March 10 to 14, showcasing the technology's capabilities in a complex urban environment and emphasizing their commitment to sustainable mobility solutions.

Expansion of Autonomous Services in Europe: This initiative marks WeRide's first Level-4 autonomous vehicle test for public transport in Spain, following previous projects in France and Switzerland, highlighting the company's strategy to expand its autonomous driving technology beyond Asian markets.

Autonomous Bus Trial in Barcelona: WeRide and Renault Group are launching a free trial of their Level 4 autonomous Robobus in Barcelona from March 10 to 14, showcasing advancements in automated transport technology in urban settings.

Expansion of Autonomous Services in Europe: This initiative marks WeRide's first autonomous vehicle trial in Spain, following recent European deployments in France and Switzerland, highlighting the company's commitment to sustainable mobility solutions across diverse environments.

Autonomous Bus Trial in Barcelona: WeRide and Renault Group are conducting a free trial of their Level 4 autonomous Robobus in Barcelona from March 10 to 14, showcasing the technology's potential for urban transportation and its adaptability to complex environments.

Expansion of Autonomous Services in Europe: This initiative marks WeRide's first autonomous vehicle test in Spain, following recent deployments in France and Switzerland, highlighting the company's strategy to expand its presence in European markets.