WeRide

WeRide

Develops Level 4 autonomous driving technologies

About WeRide

Simplify's Rating
Why WeRide is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$1.1B

Headquarters

Guangzhou, China

Founded

2017

Overview

WeRide develops Level 4 autonomous driving technologies for the autonomous vehicle market. Their products include Robotaxi, Mini Robobus, and Robovan, which are designed for services like ride-hailing, on-demand transport, and urban logistics. These vehicles operate without a human driver in specific conditions, allowing for fully autonomous transportation. WeRide stands out from competitors by forming strategic partnerships with major global automakers and service platforms, which helps them offer a diverse range of products. The company's goal is to enhance urban mobility and logistics through their autonomous solutions, having already launched China's first public Robotaxi service in 2019.

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Simplify's Take

What believers are saying

  • Integration of AI with 5G enhances real-time data processing for WeRide's vehicles.
  • Expansion of autonomous vehicle regulations in Europe supports WeRide's market entry.
  • Advancements in sensor technology reduce costs and improve WeRide's system accuracy.

What critics are saying

  • Increased competition from companies like Waymo and Cruise in the autonomous sector.
  • Potential regulatory challenges in Europe could impact WeRide's expansion plans.
  • Dependence on strategic partnerships poses risks if partners develop competing technologies.

What makes WeRide unique

  • WeRide offers a diverse product mix including Robotaxi, Robobus, and Robovan.
  • The company has strategic partnerships with global OEMs like Renault-Nissan-Mitsubishi Alliance.
  • WeRide operates in over 25 cities, showcasing extensive global reach and experience.

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Funding

Total Funding

$1098.5M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Employee Stock Plan

Competitive Compensation Package

100% Company Paid Premium Medical Plan

Team Building Activities

Paid Vacation And Time-off

Free Hot Breakfast, Lunch And Dinner

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

2%
GlobeNewswire
Mar 25th, 2025
Weride Inc. Files Its 2024 Annual Report On Form 20-F

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. (Nasdaq: WRD) (“WeRide” or the “Company”), a global leader in autonomous driving technology, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (“SEC”) on March 25, 2025. The annual report in electronic format is accessible on the Company’s investor relations website at https://ir.weride.ai as well as on the SEC’s website. For those who prefer hard copies, the Company will provide the annual report, containing audited consolidated financial statements, free of charge to shareholders and ADS holders upon request. Requests should be directed to the IR department of the Company at 21st Floor, Tower A, Guangzhou Life Science Innovation Center, No. 51, Luoxuan Road, Guangzhou International Biotech Island, Guangzhou 510005, People’s Republic of China

Interesting Engineering
Mar 16th, 2025
Driverless electric bus with L4 autonomy runs on Barcelona streets filled with cars

Renault Group is working with WeRide to develop automated public transport solutions in Europe with an L4 autonomy level.

GlobeNewswire
Mar 14th, 2025
Pioneering Autonomous Technology Drives Global Expansion And Commercial Market Growth

NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. (Nasdaq: WRD) (“WeRide” or the “Company”), a global leader in autonomous driving technology, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.Recent HighlightsWeRide continues to enhance its global market presence through thoughtful market entries and strategic expansions in Europe, the Middle East and Asia. These efforts are all made possible by the Company’s continuous technological innovation and operational expertise, both key to its leadership in autonomous driving. In 2024, WeRide achieved record-high robotaxi revenue and the strongest international revenue since the company’s inception.WeRide Continues Technology Innovation with End-to-End Models in ADAS and Level-4 SystemsWeRide started to deploy end-to-end models in both Level-4 driverless and ADAS systems in 2024.WeRide’s end-to-end model employs a large VLM (visual-language model) which is encoded with general knowledge of the world and then trained with nearly 1 million hours of carefully selected high quality driving data from human drivers and simulated driving scenarios. This approach ensures the trained model has a general understanding of the world as well as deep driving insights.WeRide’s training data continuously grows to cover more long tail cases via real-world and simulated data.Eventually, WeRide’s autonomous driving systems can perform like a seasoned professional driver in complex urban scenarios. They can bring about human-like judgment and an extremely smooth driving experience to the Company’s customers.In WeRide’s Level-4 driverless products, such as robotaxi and robobus, the end-to-end model is accompanied with deterministic safety critical frameworks to bring about smooth, human-like driving experience while maintaining the same high level of safety required by driverless systems

Bitauto
Mar 12th, 2025
WeRide Launches Spain's First Public Road Autonomous Driving Trial Service

WeRide launches Spain's first public road autonomous driving trial service.

Phtune
Mar 12th, 2025
WeRide and Renault Group Pilot Autonomous Robobus in Spain

In January, WeRide announced its first commercial autonomous shuttle project in Europe at Zurich Airport and was selected as the technology provider for an autonomous driving pilot project by Swiss national railway Schweizerische Bundesbahnen (SBB).

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