WRD on Nasdaq

WeRide

Autonomous driving technology company

WeRide Inc. (Chinese: 文远知行) is an autonomous driving technology company.3 From Wikipedia, CC BY-SA 4.0

$4.24 up 0.03 (0.71%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 19, 2026.

Overview

361.1MRevenue, fiscal 20246
-2.5BNet income, fiscal 20246

Compare with another stock.

  • TickerWRD on Nasdaq1
  • Industryautonomous car1
  • HeadquartersGuangzhou1
  • Founded inSilicon Valley1
  • Websitewww.weride.ai/zh
  • Incorporated inCayman Islands7
  • Business address21St Fl, Tower A, No. 51, Xingji 1St Rd, Guanzhou Life Science Center, Guanzhou, 5103007
  • Filer categoryLarge accelerated filer7
  • Legal formcompany limited by shares4
  • LEI254900R1B7IWBCPDQ2624
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressP.O. Box 472, KY1-1106 George Town, Cayman Islands4
  • Registered withGeneral Registry, MS-3205944

WeRide Inc. (Chinese: 文远知行) is an autonomous driving technology company. It holds driverless permits in 9 countries including China, the US, the UAE, Saudi Arabia, Belgium, Switzerland, Singapore, Spain and France. Its autonomous vehicles have been deployed across more than 60 cities in 13 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CNY, the currency the company reports in.

Key numbers, fiscal 2024

30.7%Gross margin6
-605.1%Operating margin6
-696.9%Net margin6
-10.1%Revenue growth, 20246
-35.6%Return on equity6
0.01×Debt to equity6
-677.6M CNYFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Products brought in 31% of the revenue WeRide broke down this way in fiscal 2025.

  1. Products359.8M CNY931%up 310% from 2024
  2. Services324.7M CNY928%up 19% from 2024
  3. Other technology services198.5M CNY917%up 20% from 2024
  4. Robotaxis148.0M CNY913%up 209% from 2024
  5. Robosweeper96.1M CNY98%up 74% from 2024
  6. Robobus23.1M CNY92%down 71% from 2024
  7. Robovan10.5M CNY91%down 22% from 2024
Products and services by year
Products and services202320242025
Products54.2M CNY87.7M CNY359.8M CNY
Services347.7M CNY273.4M CNY324.7M CNY
Other technology services262.4M CNY164.9M CNY198.5M CNY
Robotaxis29.4M CNY47.8M CNY148.0M CNY
Robosweeper7.6M CNY55.3M CNY96.1M CNY
Robobus94.9M CNY79.7M CNY23.1M CNY
Robovan7.5M CNY13.4M CNY10.5M CNY

Regions

Country of domicile [member] brought in 71% of the revenue WeRide broke down this way in fiscal 2025.

  1. Country of domicile [member]484.8M CNY971%up 56% from 2024
  2. Foreign countries [member]199.8M CNY929%up 305% from 2024
Regions by year
Regions202320242025
Country of domicile [member]378.0M CNY311.8M CNY484.8M CNY
Foreign countries [member]23.8M CNY49.4M CNY199.8M CNY

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue19¢250.4M CNY
  • Research and development81¢1.1B CNY
  • Interest0¢3.5M CNY
  • Income tax0¢5.9M CNY

Out of 361.1M CNY in revenue.6 The company lost money this year.

Financial statements

Revenue6361.1M CNY in 2024−32% since 2022
0200.0M CNY400.0M CNY600.0M CNY2022: 527.5M CNY527.5M CNY20222023: 401.8M CNY401.8M CNY2023−24%2024: 361.1M CNY361.1M CNY2024−10%
Gross profit6110.7M CNY in 2024−52% since 2022
0100.0M CNY200.0M CNY300.0M CNY2022: 232.5M CNY232.5M CNY20222023: 183.5M CNY183.5M CNY2023−21%2024: 110.7M CNY110.7M CNY2024−40%
Operating income6-2.2B CNY in 2024+180% since 2022
-3.0B CNY-2.0B CNY-1.0B CNY02022: -779.2M CNY-779.2M CNY20222023: -1.6B CNY-1.6B CNY2023+101%2024: -2.2B CNY-2.2B CNY2024+40%
Net income6-2.5B CNY in 2024+94% since 2022
-3.0B CNY-2.0B CNY-1.0B CNY02022: -1.3B CNY-1.3B CNY20222023: -1.9B CNY-1.9B CNY2023+50%2024: -2.5B CNY-2.5B CNY2024+29%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Total revenue684.6M CNY361.1M CNY401.8M CNY
Total cost of revenue-477.8M CNY-250.4M CNY-218.4M CNY
Gross profit206.8M CNY110.7M CNY183.5M CNY
Other net income4.9M CNY16.5M CNY15.8M CNY
Research and development expenses (including research and development expenses from a related party of RMB60,789, RMB68,922 and RMB63,605 for the years ended December 31, 2023, 2024 and 2025, respectively)-1.4B CNY-1.1B CNY-1.1B CNY
Administrative expenses-596.1M CNY-1.1B CNY-625.4M CNY
Selling expenses-73.6M CNY-53.6M CNY-41.4M CNY
Impairment loss on receivables and contract assets (including provision of impairment loss of RMB1,292 and RMB160 for the years ended December 31, 2023 and 2024, respectively, and reversal of impairment loss of RMB335 on receivables from related parties for the year ended December 31, 2025)-16.6M CNY-28.7M CNY-40.2M CNY
Operating loss-1.8B CNY-2.2B CNY-1.6B CNY
Net foreign exchange gain/(loss)-9.0M CNY27.9M CNY7.1M CNY
Interest income172.3M CNY176.9M CNY132.0M CNY
"Fair value changes of financial assets at fair value through profit or loss (""FVTPL"")"41.8M CNY-61.8M CNY43.0M CNY
Other finance costs-9.1M CNY-3.5M CNY-3.5M CNY
Fair value changes of financial liabilities measured at FVTPL-4.5M CNY
Changes in the carrying amounts of preferred shares and other financial instruments subject to redemption and other preferential rights-465.3M CNY-554.0M CNY
Loss before taxation-1.7B CNY-2.5B CNY-1.9B CNY
Income tax-4.1M CNY-5.9M CNY-2.9M CNY
Loss for the year-1.7B CNY-2.5B CNY-1.9B CNY
Loss attributable to shareholders of the Company-1.7B CNY-2.5B CNY-1.9B CNY
Basic loss per Class A and Class B ordinary share (in RMB)-1.79 CNY-8.54 CNY-16.86 CNY
Diluted loss per Class A and Class B ordinary share (in RMB)-1.79 CNY-8.54 CNY-16.86 CNY
Research and development expenses from related parties63.6M CNY68.9M CNY60.8M CNY
Provision of impairment loss160.0K CNY1.3M CNY
Reversal of impairment loss on receivables from related parties335.0K CNY

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The story

WeRide was established in Silicon Valley in 2017, by Tony Han who was the former Chief Scientist of Baidu's Autonomous Driving Unit. It currently has offices in San Jose, Abu Dhabi, Singapore, Guangzhou, Beijing, Shanghai and Shenzhen. As of 2025, it has over 2000 employees.

In November 2020, WeRide announced that a total of 147,128 trips were completed for more than 60,000 passengers during its first year of Robotaxi service. In January 2021, WeRide unveiled the Mini Robobus.

In April 2021, WeRide obtained a driverless test permit in California. In September 2021, WeRide created a self driving cargo van, entitled the WeRide Robovan. In December 2021, WeRide completed an autonomous taxi trial on Yas Island in the UAE, by partnering with Bayanat.

In May 2022, WeRide partnered with Bosch to jointly develop Advanced driver-assistance systems (ADAS) software solution. In September, WeRide began its operations in Singapore and later entered into an agreement with Strides, a subsidiary of Singapore's public transport operator SMRT Corporation.

In January 2023, WeRide launched a new generation of autonomous driving sensor suite, WeRide Sensor Suite 5.1, at the 2023 International Consumer Electronics Show (CES). In 2023, WeRide was granted the UAE's first approved national license for self-driving vehicles on the country's roads. In December, WeRide obtained the Milestone Testing Regime Level 1 License (M1 License) for Autonomous Vehicles (AV) on Public Roads and the T1 Assessment License (T1 License) for AVs on Public Paths (T1 License) from the Land Transport Authority (LTA) of Singapore. In April 2024, WeRide launched its autonomous driving sanitation, the Robosweeper S1. In May, the company announced its partnership with Renault Group. In June, WeRide partnered with Chye Thiam Maintenance (CTM), a sanitation company in Singapore, to jointly advance WeRide Robosweeper in Singapore.

In the same month, WeRide and Uber announced a strategic partnership to bring WeRide’s autonomous vehicles to the Uber platform, starting in the UAE. The service first launched in Abu Dhabi, with select WeRide vehicles available via the Uber app. WeRide already operates a robotaxi fleet in the UAE.

Also in October 2024, WeRide filed for an initial public offering on Nasdaq, raising $439.9 million, and was subsequently listed under the ticker symbol WRD. Making it the first publicly listed universal autonomous driving company and the first publicly listed Robotaxi company.

In January 2025, the company became part of a project funded by the Canton of Zurich and the Swiss national railway Schweizerische Bundesbahnen (SBB). In February, WeRide launched its Robovan W5.

Read the full text

In February 2025, WeRide announced its first European fully driverless Robobus as part of a shuttle service partnership with beti, Renault Group, and Macif that featured an L4-level automated mobility service in Drôme, France. The company also launched the Robotaxi model GXR in Beijing.

In March 2025, it was reported that WeRide earlier on during the year had submitted a formal application to the Hong Kong Stock Exchange for a secondary listing.

From Wikipedia’s article on WeRide, shared under CC BY-SA 4.0.8

Leadership

Who has led WeRide, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (6)

Timeline

  1. Mar 18, 2026New chief executive Tony Xu Han becomes CEO10
  2. Mar 13, 2017Founded WeRide is founded4

Filings

174 filings to the SEC since October 2021: 2 annual reports, 15 insider forms, 9 large holders, 148 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Sep 25, 20264 EDGAR
  3. Sep 25, 20264 EDGAR
  4. Sep 25, 20264 EDGAR
  5. Sep 25, 20264 EDGAR
  6. Sep 24, 20266-K EDGAR
  7. Sep 14, 20266-K EDGAR
  8. Sep 4, 20266-K EDGAR
  9. Aug 12, 20266-K EDGAR
  10. Aug 12, 20266-K EDGAR
  11. Aug 6, 20266-K EDGAR
  12. Jul 22, 20266-K EDGAR
  13. Jul 13, 20266-K EDGAR
  14. Jul 7, 20266-K EDGAR
  15. Jul 2, 20266-K EDGAR
  16. Jun 30, 20266-K EDGAR
  17. Jun 29, 20266-K EDGAR
  18. Jun 26, 20266-K EDGAR
  19. Jun 4, 20266-K EDGAR
  20. Jun 3, 20266-K EDGAR

The 174 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Uber Technologies, Inc11,193,322$65.1M1.4%No change
China-UAE Investment Cooperation Fund, L.P.7,769,918$45.2M100.0%No change
Vanguard Capital Management LLC7,347,027$42.8M0.0%−420,684
UBS Group AG5,171,411$30.1M0.0%+752,059
Morgan Stanley5,155,081$30.0M0.0%+875,094
Robert Bosch GmbH4,114,784$23.9M14.5%No change
BlackRock, Inc.3,751,838$21.8M0.0%−910,840
ARK Investment Management LLC3,742,949$21.8M0.1%+93,618
Global Alpha Capital Management Ltd.2,812,760$16.4M1.0%+265,058
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,631,417$15.3M0.0%+101,377
Bank Of America Corp /de/2,600,128$15.1M0.0%−995,191
Greenwoods Asset Management Hong Kong Ltd.2,201,800$12.8M0.6%No change
Sumitomo Mitsui Trust Group, Inc.2,103,875$12.2M0.0%−202,122
Amova Asset Management Americas, Inc.2,103,875$12.2M0.2%−202,122
Norges Bank2,000,000$11.6M0.0%New
Vanguard Fiduciary Trust Co1,908,044$11.1M0.0%−107,177
Citadel Advisors LLC1,626,027$9.5M0.0%−937,241
Joho Capital LLC1,497,626$8.7M1.9%+709,990
State Street Corp1,344,819$7.8M0.0%+386,757
Point72 Asset Management, L.P.1,302,628$7.6M0.0%−569,989
Mercer Global Advisors Inc /adv1,240,624$7.2M0.0%−424,374
Fmr LLC670,986$3.9M0.0%−42,507
Waterloo Capital, L.P.523,953$3.0M0.2%New
Brighton Jones LLC444,723$2.6M0.0%No change
Empowered Funds, LLC405,067$2.4M0.0%+224,419

13F reports cover disclosed long positions in U.S. stocks only.