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WeRide Inc. (WRD) stock traded over 8% higher on Monday’s premarket as the company’s third-quarter revenue surged 144% year-over-year, powered by rapid fleet growth and service adoption.
The company reported a Q3 revenue of RMB 171.0 million ($24.06 million). On Stocktwits, retail sentiment around WeRide stock jumped to ‘bullish’ from ‘neutral’ territory the previous day. Message volume improved to ‘normal’ from ‘low’ levels in 24 hours.
WeRide reported a Q3 loss per American depository share of RMB 1.02 ($0.15).
The company’s product sales leapt 428% YoY to RMB 79.2 million, while service revenue climbed 67% YoY to RMB 91.8 million. Notably, its robotaxi business saw an astounding 761% YoY growth, generating RMB 35.3 million.
As a result, robotaxi income now accounts for over 20% of WeRide’s total revenue, up from just 5.8% in Q3 2024.
Meanwhile, WeRide’s gross profit jumped over 1,100% to RMB 56.3 million, with its margin expanding to a strong 32.9% from just 6.5% a year ago.
As of September 30, 2025, WeRide held RMB 5.4 billion ($764 million) in cash, time deposits, restricted cash, and other liquid investments.
Regulatory Breakthroughs
WeRide secured a city-level commercial permit for fully driverless robotaxi operations in Abu Dhabi in October, marking a major milestone in its regulatory push. It also launched public operations or pilot tests in Saudi Arabia, Belgium, Switzerland, Dubai, and Singapore, bringing its autonomous vehicles (AV) license coverage to eight countries by the end of October 2025.
By Oct 31, 2025, WeRide operated more than 1,600 AVs globally, including nearly 750 robotaxis.
WRD stock has lost over 49% in 2025 and over 60% in the past 12 months.
(Exchange Rate: 1RMB=0.14USD)
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