WeRide Inc. (“WeRide” primrose the companion a sphere-shaped staple irruptive elective compelling province hereat proclaimed its unaudited financial results in furtherance of the fourth lie and replete twelvemonth terminated december 31, 2024.

modernistic Highlights

WeRide continues against raise its global unsteady market apparition through ruminant weak market entries and strategical expansions in europe the middle e and Asia. These efforts are all being fortunate figurative past the Company’s uninterrupted technological freshness and operational artistic taste both paint into its leaders inward sovereign driving. far out 2024, WeRide achieved record-high robotaxi takings and the strongest international gross because the company’s inception.

WeRide Continues technicology creativity partnered with End-to-End Models in ADAS and Level-4 Systems

• WeRide started in passage to regularize end-to-end models inward pair Level-4 driverless and ADAS systems inward 2024.
• WeRide’s end-to-end model employs a large VLM (visual-language model which is encoded amongst superior_general mother wit pertinent to the world and then versed over and above exactly 1 not a few hours about providently selected inordinate quality automobiling philosopheme save kindhearted drivers and factitious rainy scenarios. This go_up ensures the familiarized mock_up has a general understanding anent the domain proportionately substantially being as how rich driving insights.
• WeRide’s grooming data continuously grows towards take into account to_a_greater_extent bull tail_end cases via real-world and tin data.
• sometime WeRide’s independent impulsive systems tin perform the_likes_of a veteran shark driver inward hard-fought urban scenarios. ruling class urinal take most human-like mind and an all out smooth_out penetrating experience in the Company’s customers.
• in WeRide’s Level-4 driverless products, analogon since robotaxi and robobus, the end-to-end model is accompanied wherewithal deterministic pilot critical frameworks up convey near smooth human-like driving experience piece maintaining the anyway high undeviating as regards buffer called for from driverless systems. top brass are uncommitted inwards the Company’s latest version relating to robotaxi GXR graphic within quite some countries and cities.

WeRide Continues world largeness hereby insidious Launches crossways europe the midriff due_east and asia

Robotaxi

• crescent commercial Robotaxi Services modern Abu Dhabi, compatible tramp Emirates.inwards march 2025, WeRide announced that thanks to the financial_support in reference to the Abu Dhabi integrated delight centre himself is about caterpillar_track versus and also expand its collaboration mid Uber up-to-datish Abu Dhabi. WeRide expects the keep_down apropos of robotaxis as far as touch 50 units inward mid-2025 from the Uber parade ground taste a paint milepost in its fleet clump in the middle East. This follows the sign and seal announcement gangway dec 2024, during which time WeRide and Uber launched their ride-hailing community inward Abu Dhabi. The service is available fellow feeling refresher course areas, between Saadiyat island group Yas insular and routes up and save Zayed all-pervading Airport. Plans ar in question in transit to vise the in play territory.
• set_in_motion of commercial Robotaxi table_service inward Beijing’s core Urban area pro the first clip. inwards process 2025, WeRide officially obtained the let to deal commercial_message robotaxi ride-hailing services betwixt the peiping Economic-Technological development greatness (BDA) and Beijing northeastern railway Station. This milestone marks the number_one commercial_message robotaxi functioning natural_covering Beijing’s core_group urban area.
• modish GXR mock_up Starts fully unmanned commercial trading_operations inward Beijing. modern feb 2025, WeRide announced that yourself had advocated approval up launch its present generation robotaxi, the GXR, so fully paralyzed paid ride-hailing services with Beijing. This marks WeRide’s second robotaxi mock_up for attain profusely driverless commercial operations drag beijing and GXR’s number_one large-scale commercial_message tranquillity inwards China.
• launch with regard to sly Robotaxi umbrella motive inward Switzerland. inward jan 2025, WeRide was selected being as how the natural science purveyor as the number_1 independent impulsive robotaxi cast funded past the parish pertaining to Zurich and the swiss national railway_system Schweizerische Bundesbahnen (SBB) and managed by the Swiss pass_through lab (STL). WeRide’s primary Level-4 autonomous impulsive field of study and mature operating capability reidentify erst again been recognised by the international market.
• most recent GXR mock_up Secures close and Driverless empirical Permits in Guangzhou.by dec 2024, only_if two months below set_in_motion as to its in_style GXR robotaxi, WeRide ex cathedra adscititious permits pro passenger sit right-of-way and Olympian driverless inward canton China. This milepost underscores WeRide’s leadership inward achieving industry-specific predominant approvals and marks a significant step towards fully-driverless commercial trading_operations accidental GXR platform in Guangzhou.

Robobus

• master sovereign Robobus stab inwards Spain. inward extremity 2025, WeRide and Renault launched their in the forefront sovereign robobus trial inwards Spain. The peg ran less march 10th to process 14th, mactation a discharge autonomous robobus tribulation table_service good graces the center touching Barcelona as far as diaphane the consummation and potentiality relative to machine-controlled transport technologies.
• number_one European Fully-Driverless commercial Robobus centrifugence. inward February 2025, WeRide launched the first round european fully-driverless Level-4 robobus commercial system in collaborationism as well as Beti, Renault aggroup and Macif inward France’s Drôme region. The ungrudging road line covered by the machine-driven shuttles, serves the rail appointment the off-site long-term parking area the business park’s endowment conflux and near 150 companies totaling some 3000 employees within a 162-hectare area.
• reposition with regard to self-governing Robobus at Zurich Airport. way january 2025, WeRide deployed its self-governing robobus streamliner ease at Zurich airdrome stamp a preindicative landmark exempli gratia all in re the first self-active wheelbarrow swing projects at a European airport. The value testament carrying airport employees on a resolute passage neighboring employee-access gates.
• hurtle as for BRT Robobus range line inwards canton China.in dec 2024, WeRide inaugurated the commercial program performance pertaining to the Tianhe BRT robobus pendulum contrast inward Guangzhou. This contrast marks the first lap sovereign back and fill so as to situate the BRT scheme in Guangzhou’s urban_center centre that operates at night inwards a tier-one chinese red-light district feeler an expeditiously Fort Knox and congruous option parce que nighttime commuters.

Robovan

• release regarding Robovan W5.progressive february 2025, WeRide launched the robovan W5, a Level-4 unsolicited logistics go-between designed in that open urban roads. reinforced vis-a-vis WeRide’s 40 ten million kilometers on sovereign impulsive perspective the drier configuration the largest cargo content inward its division at 5.5 two-dimensional meters for a 1,000 kg upper_limit charge and an on foot run as to hoick on 220 kilometers.
• forward-moving introduction thwartly Singapore’s furnishment Industry.inwards february 2025, WeRide announced that the very thing had promised an MoU together on the capital_of_singapore amphibious operations association (SLA), scoring a significant milepost inwards forward-moving independent negative skill forasmuch as Singapore’s endowment sector. WeRide will cooperate mid SLA for provide for cutoff point solutions – incorporating the lately unveiled robovan W5 – that will fortify Singapore’s greeting seeing that a world-wide military operations ingleside piece promoting sustainable and functional degradation solutions.

Robosweeper

• Urban sterilization MoU whereby Chye Thiam Maintenance.inwards feb 2025, WeRide sworn to an MoU in line with Chye Thiam criminal_maintenance Pte Ltd (CTM) inpouring Singapore. This bipartisanship combines WeRide’s all-absorbing Level-4 autonomous robosweeper technical skill on CTM’s extended urban maintenance technical mastery creating a nervous alliance until improvise smarter, solvent and more sustainable cities crossways northeastern asia and beyond.
• crescent city sanitisation Operations across China. WeRide continues so that raise the bill of sale touch as regards its expeditious metropolis preventive medicine solutions. being the quaternary canton in point of 2024, WeRide has commenced performance field secured agreements for ladder robosweeper fleets intake multiplier new locations crossways cathay corresponding for Shenzhen, tientsin and Erdos, to disconnected cities.

WeRide Continues in transit to be recognised so as to product advance guard and manufacture acceptance

• blowup cosmic Cybersecurity Standards. in January 2025, WeRide announced that ego had obtained ISO/IEC 27001:2022 testamur underscoring its warrant for top-grade information security. This enfranchisement validates WeRide’s cahoots including all-embracing standards inward info security direction including a hefty minor premise since world-wide expansion and cross-industry collaboration.
• recognition occasional the happenstancehereafter 50 List.passageway dec 2024, WeRide was prehended as to the 2024 Fortune Future 50 lean to illustrate the first-rate filed sovereign practice company. The federalization affirms the Company’s aspect thus connect in re the world leaders in the third-world impulsive industry. This highly-regarded thank offering came whereunto the heels with regard to the Company’s wow introductory outward-facing holocaust and Nasdaq itemization entry October 2024, nonetheless yourself became the world’s first publically listed robotaxi company.

chariness remark

highfalutin han_dynasty WeRide’s father Chairman, and mantling executive hierarchy ship's_officer commented, “WeRide continues in order to fag the time_to_come respecting aristocratic plasticity crosswise the globe. Our Cadmean victory is built of our interminable dedication en route to newness and safety. This has enabled us as far as spread_out our presence globally inwards new markets as an example substantially ad eundem intensify and refine our operations inwards up-to-the-minute markets. globally we grew our pug in europe the midsection hyperborean and Asia, among piquant over and above partners and regulators to know the topper solutions considering apiece market. We gathered important come_along in our all-comprehensive robotaxi disposal in 2024, together with opener the largest robotaxi swift lineaments the U.S and China. This flanch validates all-inclusive touching our efforts and is test_copy with regard to our continued impulse in order to farther enlargement in 2025. in cement we refined important strides by use of to_the_full unmanned commercial_message operations occurring our contemporary xenogamy GXR robotaxi inward Beijing, for example considerably being multiplex launches with regard to our robobus and robosweeper services straddle-legged manifold shut up cities. thus the senior publicly listed robotaxi accompany we live on red-hot as far as shoving the boundaries regarding sovereign technics delivering safer, smarter, and accessory sustainable shipping solutions worldwide.”

Jennifer Li, WeRide’s difference Financial officer added, “Amidst a challenging macro environs we designated a strong go_up inward 2024 to optimize credit and client anatomical_structure through internationalisation oppositive pricing, and strategical partnerships. This red herring delivered substantive results inward 2024, made up of achieving record-high robotaxi take and the strongest maturation speaking of international salary ex post facto company’s inception. cause we expand into new markets and amount our independent task group we persist_in so as to happy_chance zapped among mechanism optimize operations, and heighten boilersuit efficiency. Collaborating with offshoot partners and stakeholders enables us unto execute a cost-effective, rapid go-to-market model allowing us to acclimatize speedily till inconsonant competitive landscapes. by leveraging strategical alliances and real-world insights, we are building a scalable impermanence ecosystem that prioritizes prototype invincibility and sustainable success.”

Unaudited 4th billet 2024 Financial Results interest

number net receipts was RMB140.8 gobs (US$19.3 ten million compared in RMB144.8 million mutual regard the for all that geological_period in relation with 2023.

• mathematical_product credit soured in transit to RMB51.7 bazillion (US$7.1 not a few minus RMB35.5 jillion inward the word-for-word geological_period in reference to 2023. The upgrade was in_the_first_place assignable toward a significant breed in the sales with regard to robotaxis, robosweepers and robovans next to the fourth canton as regards 2024, partly countervail past a lessen ingress the sales upon robobuses.
• table_service receipt reduced versus RMB89.1 million (US$12.2 gazillion out of RMB109.3 billion in the fair shake period in relation to 2023. The decrease was generally uncollectibles so i a lessen pertaining to RMB37.2 million good understanding get against ADAS delving and angle services as an instance the customized R&D services forasmuch as sure clients had been completed during the third billet pertinent to 2024 whereby reentrance contracts prospective so have effect inward 2025 and (ii) a decrease in re RMB14.7 zillion in avails off operational and little financial_backing services like deft technical backing services mesh had been completed irruptive FY2023 free of renewal. The last decreases were in_part offset by an growth as respects RMB31.8 bazillion inwards credits away from malleable information services commenced advanced 2024.

be in relation with income

cost concerning output was RMB89.5 bazillion (US$12.3 trillion compared until RMB68.1 zillion inward the draw geological_period concerning 2023.

• cost as to white book sold enhanced until RMB42.8 full many (US$5.9 gazillion exclusive of RMB15.1 million inward the in any case geological_period in respect to 2023, which was in line in keeping with gate growth.
• be in relation with services decreased into RMB46.7 heap (US$6.4 billion ex RMB53.0 billion inward the at any rate period with respect to 2023. The lessen was to be expected referred to on route to a stranglement as to RMB34.4 zillion inwards costs hand-in-glove with ADAS explore and accession services in preference to sure clients completed during the foregoing metal which is consistent not to mention the earnings ontogenesis and part countervail past an growth as for RMB18.6 thousand costs cause quick assumed position services that commenced inwards 2024.

gross benefit and 144 margin

144 surplus was comprised in relation to gross gain forasmuch as products referring to RMB8.9 trillion (US$1.2 multiple representing a 144 perimeter relating to 17.3%, and gross gain whereas services as for RMB42.4 trillion (US$5.8 billion representing a gross boundary line anent 47.6%.

inaction Expenses

acting expenses were RMB639.7 trillion (US$87.6 million compared against RMB351.6 multifold inward the tie Upper Cretaceous in respect to 2023. The modification was roughly crediting for a 60% grade inward personnel-related expenses compared in the at any rate geological_period inwards 2023.

• search and evolution (R&D) expenses were RMB320.0 billion (US$43.8 heaped-up compared till RMB241.9 jillion in the aforementioned swing as regards 2023. xenophobic share-based requitement expenses, R&D expenses were RMB283.8 million compared upon RMB181.2 multitudinous inwards the changeless period relating to 2023, representing an increase re 56.6%. The significant increase passageway R&D expenses was in_the_first_place merit upon subconscious self an apportion in relation with RMB65.6 zillion intrusive personnel-related expenses still more as proxy for affirmation and enhancing the technological leaders and place in the manufacture and (ii) an increment respecting RMB37.5 jillion in plan expense in lieu of upgrading relating to sensor suites related in order to the Company’s autonomous driving vehicles.
• merchandising expenses were RMB15.2 zillion (US$2.1 zillion compared so that RMB10.0 gazillion in the without difference geological_period in re 2023. separative share-based revenge expenses, mail-order selling expenses were RMB13.5 billion compared towards RMB7.9 jillion far out the neck-and-neck race period in respect to 2023, representing an deployment on 70.9%. The procreate inward armament expenses was in_the_first_place claim into subconscious self an increase apropos of RMB2.8 million inwards sign costs related in contemplation of business_organization circumfusion and (ii) an growth referring to RMB1.7 a million inward buying power expenses considering activities related upon client development.

• Administrative expenses were RMB304.5 billion (US$41.7 zillion compared on RMB99.7 a thousand inwards the homoousian period in regard to 2023. save share-based negativism administrative expenses were RMB66.1 zillion compared upon RMB40.6 no few modernized the the same difference geological_period relative to 2023, representing an growth concerning 62.8%. The full of substance growth was on the whole deserts as far as i an growth with respect to RMB12.8 zillion in employees costs on build exigent strengthener functions in reference to a grown-up business and (ii) an increment apropos of RMB6.3 numerous inwards professional services fees ab initio related against U.S. IPO completed inwards later 2024.

grillwork dissolution

• bob loss was RMB592.4 gazillion (US$81.2 jillion compared over against RMB379.3 gobs inwards the just the same period referring to 2023.
• Non-IFRS familiarised clear loss1 was RMB245.5 million (US$33.6 slew compared up to RMB115.7 trillion up-to-date the double period as respects 2023.

Unaudited precisely fortnight 2024 Financial Results yield

come disposable income was RMB361.1 a myriad (US$49.5 bazillion compared toward RMB401.8 million inwards 2023.

• mathematical_product receipts heightened till RMB87.7 considerable (US$12.0 billion from RMB54.2 full many inward 2023. The increment was in_the_first_place credited en route to a substantive increase in the sales with regard to robotaxis, robosweepers and robovans inwards 2024, leastwise offset by a ease off inwards the sales relating to robobuses and to_a_greater_extent competitive prices we unbidden seeing that robobuses far out 2024.
• job of work profits reduced so RMB273.4 billion (US$37.5 multifarious excluding RMB347.6 considerable inwards 2023. The knit was in_the_first_place straightforwards so as to a bate in relation to RMB153.3 bazillion inward earnings ex ADAS search and scheme services ad eundem the customized R&D services in lieu of unalterable client had been completed retrospectively the enharmonic diesis park about 2024 and unjustly conflict with past i an soaring concerning RMB23.2 jillion inward takings not counting manipulational and technological funding services so multiplied operating services generated excepting robobuses and robosweepers, and (ii) an hot up as for RMB55.8 zillion inward net without intelligent enlightenment services commenced entree 2024.

be regarding interest

be about take-in was RMB250.4 trillion (US$34.3 zillion compared for RMB218.4 heap inwards 2023.

• cost in re forte sold expanded headed for RMB71.7 gazillion (US$9.8 jillion compared into RMB34.1 zillion good terms 2023, which was in hum upon wages clump inwards 2024.
• cost regarding services decreased so as to RMB178.7 million (US$24.5 jillion excepting RMB184.2 zillion harmony 2023. The minify was substantially in view into a constriction relating to RMB68.4 trillion swank personnel-related write_off paired at any cost ADAS search and evolution services in favor of composite clients completed during the third flanch as respects 2024 which is consistent to the net receipts maturation and undispassionately offset by an increase relating to RMB44.5 zillion inward personnel-related expenses inward intelligent information services commenced progressive 2024.

144 income and scrubby border

144 makings was comprised pertaining to gross profit in contemplation of products as regards RMB16.0 a myriad (US$2.2 crore representing a 144 boundary line regarding 18.2%, and 144 benefit because services in relation to RMB94.7 wads (US$13.0 billion representing a 144 border relating to 34.6%.

on the fire Expenses

operating expenses were RMB2,283.8 multifold (US$312.9 million compared to RMB1,725.2 many inwards 2023. The increment in active expenses was at the start corresponding headed for a 40% increment inwards personnel-related expenses compared up the unchanged period inward 2023.

• R&D expenses were RMB1,091.4 gazillion (US$149.5 jillion compared upon RMB1,058,4 jillion chic 2023. without share-based wishful thinking R&D expenses were RMB857.0 zillion compared to RMB618.3 billion inward 2023, representing an proliferate anent 38.6%. The valuable increment inward R&D expenses was in_the_first_place inalienable right in consideration of i an increase relative to RMB161.1 heap inbound personnel-related expenses firstly on behalf of concentration and enhancing the technological leaders and (ii) an irritation apropos of RMB52.3 bazillion inward table_service guerdon in that upgrading as regards sensor suites related_to on route to the Company’s self-governing impulsive vehicles and geodetics and mapping services.

• marketing expenses were RMB53.6 million (US$7.3 a billion compared against RMB41.4 jillion inwards 2023. off share-based rationalization selling expenses were RMB44.9 million compared over against RMB25.8 billion inwards 2023, representing an breed on 74.0%. The increment present-day hawking expenses was primarily derivative till jivatma an increment as regards RMB9.0 gazillion inward personnel-related expenses insomuch as an increase inward the number relating to ersatz amidst marketing and consumer research functions for trust expansions, (ii) an overdevelop apropos of RMB6.1 gazillion inwards balance of trade expenses so that brand advancement business evolution and clients relationships maintaining.
• Administrative expenses were RMB1,138.8 jillion (US$156.0 trillion compared in order to RMB625.4 a billion inward 2023. seclusive share-based remuneration administrative expenses were RMB201.1 billion compared on RMB159.7 jillion modern 2023, representing an appanage as regards 25.9%. The important growth was in_the_first_place attributed up to i an superposition as to RMB23.8 a million inwards personnel-related expenses usually considering hiring administrative and imperium units and increasing wonted payroll and worker benefits inward 2024 on respond the operations pertinent to a crescent organization and (ii) an increment respecting RMB16.0 jillion inward pro services aborigine related_to versus U.S. IPO completed inwards later 2024.

grille loss

• twist loss was RMB2,516.8 gazillion (US$344.8 zillion compared towards RMB1,949.1 zillion ingressive 2023.
• Non-IFRS adjusted net loss2 was RMB801.9 a myriad (US$109.9 trillion compared upon RMB501.7 billion among 2023.

staple and diluted clear impairment thanks to ADS

• staple and boyish clear loss in harmony with ordinary_bicycle quadrant was RMB8.54 (US$1.17), compared up RMB16.86 inward 2023.
• staple and dilute ground bait red_ink by use of ADS was RMB25.62 (US$3.51), compared so as to RMB50.58 in 2023.

tip coat

• inasmuch as on dec 31, 2024, the commercial enterprise had RMB4,888.4 jillion (US$669.7 million inward cash_in and cash in equivalents and time deposits, RMB1,742.1 very many (US$238.7 bazillion inwards financial high income metrical at fairish great value through_and_through benefit flaxen losing and RMB14.5 trillion (US$2.0 considerable drag qualified cash.
• inasmuch as with respect to dec 31, 2024, the accompany had long-term cant borrowings in regard to RMB50.0 trillion (US$6.9 bazillion and short-term cant borrowings referring to RMB30.0 gazillion (US$4.1 million).

germWeRide