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WeRide is expanding its robotaxi operations into Australia, South Korea, Japan, and Southeast Asia, the company announced following second-quarter results that showed overseas revenue jumping 164% year-on-year. The Chinese autonomous driving firm now operates in more than 60 cities across 13 countries. International sales reached nearly 40% of group revenue in Q2, whilst total revenue grew 82%. The company's ADAS business revenue surged roughly 2,600% year-on-year, with cumulative deliveries exceeding 30,000 units. Gross margin reached a record 37.5%. WeRide posted a net loss of RMB401 million in Q2, virtually unchanged from the prior year. R&D spending rose 36% to RMB434 million as the company continues investing in AI development.

China's WeRide eyes Australia, Southeast Asia among potential new markets after strong 2Q. 13 Aug 2026, 05:32 pm BEIJING (Aug 13): Chinese autonomous driving firm WeRide is considering Australia, South Korea, Japan, and Southeast Asia as potential new markets for expansion, its chief executive said on Thursday. The expansion push comes as leading Chinese robotaxi firms race to establish overseas footholds, seeking new growth markets and diversified revenue streams as autonomous driving technology moves closer to commercial deployment globally. "In Australia, we are talking with the regulatory authorities about the possibility," WeRide chief executive officer Tony Han told Reuters. Other potential markets include Southeast Asia, South Korea and Japan, he said, adding that the company was also in talks with European countries. The Guangzhou-based firm entered Denmark earlier in August, extending its European footprint to a sixth country. WeRide's autonomous vehicles now span more than 60 cities across 13 countries. Commercial deployments of its right-hand-drive robotaxi service are also set to begin in Singapore and Hong Kong. "We want to hire locally and we want to work closely with the local government officials and the authorities and try to use as many local collaborators as possible," Han said. Overseas expansion has become an increasingly important growth driver for WeRide. The company's second-quarter overseas revenue grew 164% from a year earlier, outpacing an 82% increase in total quarterly revenue, according to its disclosure on Wednesday. The company's Ebitda loss narrowed 8.1% year-on-year in the second quarter. It targets achieving positive cash flow in a single quarter by 2028, with a full-year break-even anticipated in 2029. "Currently we don't have a very immediate need for capital raising," Han said, adding that the company would keep the possibility open if terms were "good". WeRide's global robotaxi fleet exceeded 1,800 vehicles as of the end of July, part of a level 4 autonomous fleet of about 3,400 vehicles that also includes robobuses and robosweepers. Han said the company was confident of reaching its target of deploying 5,000 vehicles of high automation level 4 by the end of this year, including 2,600 robotaxis. Beyond its jointly developed purpose-built robotaxi with Geely Farizon, WeRide is also co-developing another robotaxi model with GAC that is expected to deliver further hardware cost reductions, he said. The company's longer-term goal is to deploy robotaxis in the tens of thousands by 2030 before expanding to one million vehicles by 2035. Robotaxis aside, Han said WeRide was seeing strong demand from both Chinese and international automakers for its advanced driver-assistance systems, which he expects to become "a very profitable business" for the company. Uploaded by Tham Yek Lee

WeRide's loss widens as AV licensor model is put to test. Charging partners fees instead of owning fleets lets WeRide grow without operating costs, but is it enough to outweigh R&D spend? By Stewart Burnett * August 13, 2026 On 13 August, WeRide shares fell as much as 9.9% in Hong Kong trading before stabilising around 6% after the company reported a CN¥400.7m (US$59.5m) loss, wider than the CN¥300m analysts were expecting. The miss came despite revenue surging 82% year-on-year, underscoring that the pressure sits on WeRide's cost side rather than its top line. Citigroup analysts led by Jeff Chung attributed the shortfall specifically to core service margins outside WeRide's AI infrastructure and SAE Level 3 driving system, which faced seasonal pressure and costs tied to investing in domestic robotaxi deployment. In other words, the loss widened in spite of WeRide's fast-growing international business, which continued outperforming through the quarter. Indeed, WeRide's overseas business is increasingly doing the heavy lifting for its bottom line. International markets now account for nearly 40% of company revenue, up 164% YoY, and WeRide's overseas fleet roughly doubled during the quarter to around 400 vehicles across a dozen countries. Much of this is concentrated in the MENA region, where it plans to deploy 1,200 robotaxis in partnership with Uber through 2027. WeRide also disclosed its overseas monetisation model for the first time, charging local partners technology-service and per-mile fees rather than owning and operating vehicles itself. This is an arrangement that management expects to generate more than US$50,000 in annualised revenue per vehicle once operations normalise. That asset-light structure is doing real work for WeRide's balance sheet. Letting partners such as Avomo in Spain and Rydera in Switzerland handle vehicle purchase, depreciation and daily operations means WeRide's overseas expansion does not require the capital-intensive fleet ownership constraining more vertically-integrated robotaxi rivals. The company's cash position fell to roughly CN¥5.4bn by the end of June, down significantly from the CN¥6.97bn it held at the end of 2025. WeRide's ADAS business is scaling at an appreciably faster rate than its core robotaxi operations. Albeit from a low starting point, revenue from its Level 2+/Level 3 systems grew roughly 26-fold year-on-year, against robotaxi revenue growth of 50%. The company shipped approximately 30,000 units of its one-stage, end-to-end WRD 3.0 solution during the quarter and secured production commitments across more than 30 vehicle models. Management now expects installed vehicles to exceed 100,000 by the year's end, and cumulative deliveries to surpass 500,000 by 2027. However, the scale of that ambition may not make a comfortable match with WeRide's current spending. Quarterly research and development expenses of CN¥434m (US$64.4m) ran at nearly twice quarterly revenue. The company's gross profit of just CN¥87m (US$12.9m) fell well short of covering research spending alone, meaning WeRide's own target of positive cash flow in a single quarter by 2028 depends on both overseas fleet density and ADAS installation volumes scaling considerably faster than they have managed so far. WeRide's China business does offer the company one potential offset. Beijing resumed issuing robotaxi permits in July after a lengthy suspension, giving WeRide a second domestic growth lever alongside its overseas expansion. Guangzhou operating metrics have already improved, with an average of 21 daily rides per vehicle, up 24% quarter-on-quarter. However, China's robotaxi market is already more crowded than other regions, and WeRide faces substantial competition from players including Baidu's Apollo Go - responsible for the permit freeze - as well as Momenta, Pony.ai, AutoX and Didi. Pony.ai's robotaxi fleet surpassed 1,700 vehicles, and Momenta expanded its own robovan operations into Suzhou in July. Ultimately WeRide's path to profitability runs through the partner model primarily being propagated by Uber. The company is positioning itself as a technology licensor to local operators rather than a robotaxi operator in its own right; whether this translates into a more consistent and reliable source of profits than the go-it-alone approach of Waymo and others will become clear in the next two years.