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WeRide specializes in Level 4 autonomous driving technologies for the mobility and logistics market. Its products include Robotaxi, Mini Robobus, and Robovan, which are deployed across online ride-hailing, on-demand transport, and urban logistics services. The company works through strategic alliances with global automakers and service platforms to tailor a diverse product mix for car makers, mobility providers, and logistics operators. Revenue comes from commercial pilot operations and fully driverless testing, and WeRide launched China’s first public Robotaxi service in 2019. With R&D and operations centers in China and the United States, the company employs over 800 people. Its goal is to enable scalable, driverless mobility and logistics solutions in smart cities through broad partnerships and real-world deployments.
Industries
Robotics & Automation
Automotive & Transportation
Hardware
AI & Machine Learning
Company Size
501-1,000
Company Stage
Post IPO Equity
Headquarters
Guangzhou, China
Founded
2017
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Total Funding
$2.1B
Above
Industry Average
Funded Over
12 Rounds
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
WeRide reported Q2 revenue of RMB232 million, up 82% year-on-year and 103% sequentially. Gross margin improved to 37.5% from 28.1% in the prior-year period. Overseas markets contributed nearly 40% of revenue, with the company's international fleet roughly doubling to approximately 400 vehicles. WeRide now operates Level 4 autonomous services in 12 countries using an asset-light partner model. The company delivered around 30,000 L2+/L3 advanced driver-assistance units during the quarter, bringing cumulative deliveries to more than 30,000 by 30 June. Management expects installed vehicles to exceed 100,000 by year-end. Net loss narrowed 1% year-on-year to RMB401 million, whilst EBITDA loss decreased 8.1% to RMB335 million. Operating expenses rose 9.2% to RMB533 million, slower than revenue growth. WeRide targets quarterly positive cash flow by 2028 and full-year break-even in 2029.
WeRide expands to Denmark with first Nordic robotaxi partnership. Chinese autonomous driving company will partner with GreenMobility to launch Denmark's first commercial self-driving shared mobility service in 2027. Prefer on Google Chinese autonomous driving company WeRide has expanded into Denmark through a strategic partnership with Danish mobility operator GreenMobility, becoming the first Chinese robotaxi developer to enter the Nordic region. The collaboration aims to establish Denmark's first commercial autonomous shared mobility service, subject to regulatory approval, with public operations targeted for the first half of 2027. Discover more Automaker Stock Analysis Urban Transit First Nordic market entry. Under the agreement, WeRide and GreenMobility will introduce WeRide's latest-generation GXR robotaxi, an EU-compliant Level 4 autonomous vehicle designed for commercial ride-hailing services. Passengers will be able to book fully autonomous rides once the service receives approval from Danish regulators. The project marks WeRide's sixth European market after previously expanding into France, Belgium, Switzerland, Slovakia and Spain. Discover more Electrified Electric Motorcycle Parts Vehicle Conversion Kits Accelerating European expansion. Denmark represents another milestone in WeRide's rapid European growth strategy. The company entered Slovakia in March before announcing commercial robotaxi deployments in Madrid, Spain, and Zurich, Switzerland, in June, demonstrating an accelerating pace of international expansion. WeRide said the Denmark project follows its asset-light business model, partnering with established local mobility providers rather than operating vehicle fleets independently. Partnership with GreenMobility. GreenMobility operates the Nordic region's largest free-floating electric vehicle car-sharing network, with more than 1,500 battery-electric vehicles across its fleet. The Danish company will contribute its fleet management expertise, operational experience and customer platform, while WeRide provides the autonomous driving technology. The companies said they will work closely with the Danish Road Directorate (Vejdirektoratet) and the Danish Road Traffic Authority (Færdselsstyrelsen) to conduct testing and deployment in accordance with Danish and European Union regulations. Tony Han, Founder and Chief Executive Officer of WeRide, said the collaboration represents another important step in the company's international expansion strategy and supports its ambition to develop a scalable model for autonomous mobility services across global markets. GreenMobility Group CEO Kasper Gjedsted said the partnership will enable the company to build on its experience managing millions of shared mobility trips while expanding into autonomous transportation. WeRide currently operates autonomous driving services in more than 40 cities worldwide and manages a Level 4 autonomous fleet of over 3,000 vehicles. The company also holds autonomous driving permits across eight countries and works with mobility partners including Uber, Grab and several regional transport operators.
WeRide and GreenMobility to Launch Denmark's First Robotaxi Service in 2027. Chinese autonomous driving technology company WeRide has announced its entry into Denmark through a strategic partnership with GreenMobility, paving the way for the country's first commercial autonomous shared mobility service. Pending regulatory approvals, the companies plan to begin public operations during the first half of 2027, marking WeRide's expansion into the Nordic region while further strengthening its rapidly growing European presence. The partnership combines WeRide's Level 4 autonomous driving technology with GreenMobility's extensive experience operating one of Europe's largest electric car-sharing fleets. Denmark to receive Level 4 robotaxi service. When the service launches, customers will be able to request rides using WeRide's GXR, the company's latest-generation fully autonomous vehicle designed to meet European Union regulations. The deployment is expected to become Denmark's first commercial autonomous mobility project, offering fully electric, self-driving transportation designed for urban environments. Denmark's strong EV adoption, advanced digital infrastructure, and supportive regulatory environment make it one of Europe's most attractive markets for autonomous transportation. The companies say the initiative will support the country's broader smart mobility goals while providing safer, cleaner, and more accessible transportation options. WeRide continues rapid European expansion. Denmark becomes WeRide's sixth European market, highlighting the company's accelerating growth across the continent. Over the past few months, WeRide has expanded into several new European countries, including: France, Belgium, Switzerland, Slovakia, Spain and Denmark. Commercial launches are already planned or underway in cities including Madrid, Zurich, and locations in Slovakia, demonstrating the company's increasing commercialization momentum across Europe. Rather than building its own local operations from scratch, WeRide continues to pursue an asset-light expansion strategy, partnering with established mobility operators that already possess fleet management expertise, customer bases, and local market knowledge. GreenMobility brings proven EV fleet experience. GreenMobility operates the largest free-floating car-sharing network in the Nordic region, with a fleet of more than 1,500 electric vehicles and experience gained from millions of completed shared car trips. That operational expertise will play a key role in deploying autonomous mobility services throughout Denmark. "WeRide's technology is among the most advanced in the industry," said Kasper Gjedsted, Group CEO of GreenMobility. He added that the partnership represents the company's next phase of growth as it extends its experience in shared mobility into autonomous transportation. WeRide Founder and CEO Tony Han described the collaboration as another important milestone in the company's European expansion strategy, saying the partnership establishes a scalable model for introducing autonomous mobility into additional international markets. Testing will follow Danish and EU regulations. Before commercial service begins, the project will be developed in cooperation with Danish authorities, including the Danish Road Directorate and the Danish Road Traffic Authority. All testing and deployment activities will comply with applicable Danish and European Union regulations, with public-sector involvement throughout the rollout process. Autonomous mobility has largely been limited to pilot projects and select commercial deployments in a handful of global cities. Denmark's planned robotaxi service represents another important step toward bringing self-driving transportation into everyday public use across Europe. For WeRide, the partnership demonstrates growing confidence in its technology from established European mobility operators. For Denmark, it positions the country among the early adopters of commercial Level 4 autonomous transportation while building on its already strong electric vehicle ecosystem.
Momenta says it is first Chinese company with Germany-wide L4 testing permit. Mobility Author: EqualOcean News Updated 2 hours ago (GMT+8) Momenta Global Limited(Momenta,初速度科技)said on July 29 that it had received authorization from Germany's Federal Motor Transport Authority, or KBA, to test Level 4 autonomous-driving systems on urban roads across the country. The Hong Kong-listed company said it was the first Chinese enterprise to obtain a German L4 testing permit with nationwide urban-road coverage. The authorization gives Momenta a broader regulatory basis for conducting public-road trials in Germany. Instead of seeking a new federal testing authorization whenever it expands into another city, the company can test within the geographic and operating limits specified by the permit. Individual trials may still be subject to the permit's technical conditions, road restrictions and coordination with the relevant local authorities. The distinction between testing and commercial operation is important. Under German law, experimental vehicles equipped with automated or autonomous functions require a KBA testing permit before operating on public roads. Regular driverless operation beyond testing follows a separate approval process covering the vehicle, its defined operating area and the responsible technical supervision arrangements. Momenta's permit therefore does not constitute general type approval, authorization for unrestricted driverless operation or a commercial passenger-service license. Nor does it automatically apply elsewhere in the European Union. Its significance lies instead in allowing the company to validate its system across a wider range of German urban environments under a single federal testing framework. The approval supports Momenta's planned European collaboration with Uber. The companies announced in September 2025 that Munich would be the starting point for testing their Level 4 robotaxi program in Germany in 2026, with the longer-term goal of expanding to other European cities. Their original agreement said the first European deployment would use onboard safety operators, underscoring that the project remains in the testing and validation stage. Founded and led by Cao Xudong, Momenta develops both mass-production assisted-driving systems and Level 4 autonomous-driving technology. The company describes its longer-term strategy as building a unified "world-model" platform capable of supporting passenger vehicles, robotaxis, autonomous vans and trucks, with possible extensions into embodied intelligence. These remain company-stated development objectives rather than products operating at the same stage of commercialization. Momenta has also developed relationships with international automakers including Mercedes-Benz and BMW, as well as China-based vehicle programs involving Audi and Volkswagen-related joint ventures. Much of that cooperation has focused on assisted-driving systems for vehicles sold in China, so it should not be treated as evidence that Momenta already supplies autonomous-driving systems across those companies' global fleets. The company began trading in Hong Kong on July 8 under stock code 6880. Its shares were offered at HK$295.60, implying an initial equity value of about HK$69.6 billion before any exercise of the over-allotment option. Descriptions of Momenta as Hong Kong's "first physical-AI stock" are promotional market labels rather than a formal exchange classification. Momenta says its robotaxi technology is undergoing testing or pilot deployment in Shanghai, Suzhou, Wuxi and Shenzhen, as well as Munich and Abu Dhabi. These projects should not all be described as commercial operations: their regulatory permissions, use of safety personnel and availability to paying passengers differ substantially by city. Other Chinese autonomous-driving developers are pursuing overseas validation through different regulatory routes. Baidu said in May that Apollo Go expected to begin London testing with Uber and Lyft, but had not yet described that program as active. WeRide, meanwhile, said its Bosch-developed L2++ assisted-driving solution had entered road testing and localization validation in Germany, France and Japan. Those projects illustrate the wider international push, although neither is directly equivalent to Momenta's reported Germany-wide L4 authorization. For Chinese autonomous-driving companies, the German permit is a meaningful regulatory milestone, but its importance should not be overstated. It lowers one barrier to conducting multi-city testing and gives Momenta an opportunity to generate European road data, demonstrate compliance and prepare for later operating-area applications. Commercial robotaxi services will still require further approvals, local operating partners, technical supervision and evidence that the system can perform safely under European traffic conditions. The broader test is whether Chinese autonomous-driving companies can convert overseas permits into repeatable commercial deployments. Momenta has now secured a stronger platform for that process in Germany. What follows - rather than the testing permit alone - will determine whether the company can move from international validation to a durable European mobility business.
WeRide named among China's Top 10 AI case studies for UAE autonomous driving deployment, the only autonomous driving company recognized. July 17, 2026 22:18 ET | Source: WeRide Inc. SHANGHAI, July 17, 2026 (GLOBE NEWSWIRE) - WeRide (NASDAQ: WRD; HKEX: 0800), a global leader in autonomous driving technology, today announced that its autonomous driving deployment in the United Arab Emirates (UAE) has been selected as one of the Top 10 examples of international cooperation in Chinese AI technologies and products in AI From China Benefits the World (2026), in a national case collection released at the 2026 World Artificial Intelligence Conference (WAIC). WeRide was the only autonomous driving company included on the list, with its UAE operations recognized as a benchmark for the international deployment of Chinese AI innovation. This underscores the growing global impact of autonomous mobility and demonstrates how Chinese autonomous driving technologies can be successfully deployed, regulated and commercialized in international markets. Officials release AI From China Benefits the World (2026) during the main forum of WAIC 2026 in Shanghai The recognition was announced at the main forum of WAIC 2026, where China's National Development and Reform Commission (NDRC) released AI From China Benefits the World (2026). Since 2024, the initiative has highlighted impactful AI cooperation projects that demonstrate how Chinese technologies deliver meaningful social and economic value globally. Today, WeRide's fully driverless Robotaxi services have become part of daily transportation in the UAE. The company operates commercial Robotaxi services in both Abu Dhabi and Dubai, with riders able to access the service through the Uber platform. WeRide is currently the only company outside the United States providing fully driverless Robotaxi services on Uber. The company's achievements in the UAE are the result of years of continuous deployment and collaboration with local stakeholders. WeRide began public Robotaxi operations in Abu Dhabi in 2021, becoming one of the first autonomous driving companies to establish services in the country and establishing a four-year first-mover advantage in the market. Since then, the company has continued to achieve key regulatory and commercial milestones with its extensive operational track record and proven technology. In 2023, WeRide became the first company to receive the UAE's national license for self-driving vehicles, authorizing autonomous vehicle testing and operation on public roads nationwide, subject to local approvals. In December 2024, WeRide and Uber launched the largest commercial Robotaxi service outside the United States and China in Abu Dhabi. Operations continued to expand in October 2025, as WeRide expanded its Robotaxi services to Ras Al Khaimah, bringing its operations to a third emirate in the UAE. One month later, WeRide became the first company to launch fully driverless commercial Robotaxi services in Abu Dhabi, enabled by the world's first city-level L4 autonomous driving commercial permit issued outside the United States. Today, WeRide's Robotaxi network covers approximately 70% of Abu Dhabi's core urban areas, with operations spanning Abu Dhabi, Dubai and Ras Al Khaimah. WeRide's progress in commercial deployment aligns closely with the UAE's long-term transportation strategy. As Dubai works towards 25% of all transportation journeys to be autonomous by 2030, and Abu Dhabi advances plans to significantly increase the share of autonomous mobility in the coming decades, the regular operation of WeRide's Robotaxi services provide practical support for the UAE in improving transportation efficiency and advancing its smart mobility transformation. With its UAE deployment serving as a benchmark, WeRide has developed a comprehensive global operating model spanning technology adaptation, regulatory engagement and commercial operations, to enable the integration of autonomous driving into urban transportation systems across diverse markets. Beyond the UAE, WeRide has launched public Robotaxi services in Riyadh and Singapore, while expanding into additional international markets including Madrid and Zurich, further strengthening its global presence across multiple regions, vehicle platforms and deployment scenarios. Today, WeRide's autonomous driving products have a presence in more than 40 cities across 12 countries. The company holds autonomous driving permits in eight countries and operates a global Level 4 autonomous driving fleet of over 3,000 vehicles. From the UAE to an expanding number of markets globally, WeRide continues to demonstrate how autonomous driving can be safely deployed, commercially operated and integrated into urban transportation systems worldwide. The company remains committed to advancing the global adoption of autonomous mobility and creating long-term value for cities, passengers and industry partners. About WeRide WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded Robotaxi company. Its autonomous vehicles have been tested or operated in over 40 cities across 12 countries. Dixon Mitchell Investment Counsel Inc. is also the first and only technology company whose products have received autonomous driving permits in eight markets: China, the UAE, Singapore, France, Switzerland, Saudi Arabia, Belgium, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named to Fortune's 2025 Change the World and 2025 Future 50 lists. Media Contacts [email protected] Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about WeRide's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide's filings with the U.S. Securities and Exchange Commission and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release. WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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Industries
Robotics & Automation
Automotive & Transportation
Hardware
AI & Machine Learning
Company Size
501-1,000
Company Stage
Post IPO Equity
Headquarters
Guangzhou, China
Founded
2017
Find jobs on Simplify and start your career today