global expansion
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WeRide Reports Robust Q1 Financial Performance and Approves $100 Million Stock Repurchase Program
In Q1 2025, WeRide reported RMB72.44 million ($10.1M) revenue and a 35% gross margin, with Robotaxi revenue surging 22.3% to RMB16.1M. The company expanded its Uber partnership, securing a $100M strategic investment and launching a $100M share buyback. Milestones included France’s first fully driverless permit, licenses across five countries, and an autonomous minibus pilot in Spain with Renault. Domestically, it tested Robovan W5 in Guangzhou’s smart city hub and launched a 24/7 autonomous ride-hailing network. The CFO emphasized scalable tech and global growth, as analysts highlighted WeRide’s dual regulatory-commercial strategy targeting a projected $2 trillion autonomous mobility market by 2040.
