China-Listed Firms Make Beeline for Reinvigorated Hong Kong
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Yahoo
18 minutes ago
- Yahoo
WeRide Records Another Strong Quarter in Q2 2025: Revenue Hits US$17.8 Million, Robotaxi Revenue Increases 836.7% YoY to US$6.4 Million
BEIJING, July 31, 2025 /PRNewswire/ -- WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, announced its financial results for Q2 2025 on July 31, 2025. The company reported a quarterly revenue of US$17.8 million, up 60.8% year-on-year (YoY), demonstrating accelerating commercial momentum. Robotaxi revenue grew 836.7% YoY to US$6.4 million — the highest-ever since Company inception — and contributed to 36.1% of total revenue, marking the highest Robotaxi concentration since 2021. Gross profit also rose 40.6% YoY, reflecting steady growth. In Abu Dhabi, WeRide's Robotaxi fleet size has tripled since December 2024, accelerating regional commercialization and maintaining the largest Robotaxi fleet outside of the US and China. The company has now achieved over 2,200 days of safe Robotaxi operations, setting an industry benchmark for safety. （1）Financial Performance: Q2 2025 total revenue: US$17.8 million, ↑60.8% YoY Q2 2025 Robotaxi revenue: US$6.4 million, ↑836.7% YoY — highest-ever since Company inception Contributed to 36.1% of total Q2 revenue — highest Robotaxi concentration since 2021 Gross Profit: ↑40.6% YoY Note: This material contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.1636 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2025. (2) Commercialization Progress: Accelerating global Robotaxi commercialization Abu Dhabi, UAE WeRide-Uber Robotaxi fleet size has tripled since December 2024 Service expanded to Al Reem and Al Maryah Islands, covering about half of Abu Dhabi's core areas; ride volume expected to double Plans to grow fleet to hundreds of Robotaxis, and extend operations into Khalifa City, Masdar City, and more downtown Abu Dhabi areas in 2025 Started fully driverless testing — first of its kind in the Middle East Dubai, UAE Signed MoU with Uber and Roads and Transport Authority to commence pilot Robotaxi operation in 2025 in Dubai Commercial rollout of driverless services expected in 2026 Riyadh, Saudi Arabia WeRide's Robotaxi received Saudi Arabia's first autonomous driving permit Became the only technology company with products holding autonomous driving permits in six countries Launched Saudi Arabia's first pilot operations in Riyadh with Uber and Ai Driver Shanghai, China Deployed the new Robotaxi CER for the first time in partnership with Chery Group Allowed to conduct regulation-compliant, L4 Robotaxi ride-hailing services on public roads in Pudong New Area, partnering with Chery Group and Jinjiang Taxi Provided pre-installed L4 Robotaxi shuttle service at WAIC 2025 Driving Continued Global Expansion Beyond Robotaxis Robobus Singapore Launched Southeast Asia's first fully driverless Robobus operations at Resorts World Sentosa Saudi Arabia Deployed Robobus in areas including King Fahad Medical City in Riyadh, AlUla, and more Paris, France Partnered with Renault Group to provide Robobus shuttle service at Roland-Garros tennis tournament for two consecutive years, with new night service added this year Robovan Guangzhou, China Secured inaugural road testing permit for Robovan W5 in Huangpu District Robosweeper Riyadh, Saudi Arabia Deployed Robosweeper S1 at King Fahad Medical City, marking the first monetized autonomous sanitation project in the Middle East (3) Technology Breakthroughs: Launched HPC 3.0 high-performance computing platform, jointly developed with Lenovo and powered by NVIDIA's DRIVE AGX Thor chips WeRide's Robotaxi GXR became the world's first mass-produced Level 4 AV built on NVIDIA DRIVE AGX Thor chips 100% automotive-grade HPC 3.0 platform reduces autonomous driving suite cost by 50% Dual NVIDIA DRIVE AGX Thor chips deliver 2,000 TOPS of AI compute (4) Management Commentary: Tony Han, WeRide's Founder, Chairman, and Chief Executive Officer, commented, "Our second-quarter performance marks a pivotal moment in WeRide's global journey. The rapid growth of our Robotaxi business demonstrates that our strategic vision — grounded in expansion and strong partnerships both at home and abroad — is delivering real-world results. Our commercial success also reflects the strength of our advanced technology, with the latest NVIDIA DRIVE AGX Thor Chips-powered HPC 3.0 platform deployed on our GXR Robotaxi — setting new benchmarks for scalable, high-performance autonomous driving. As we continue to break new ground, including recent regulatory wins in the Middle East, our focus remains on expanding access to safe, autonomous transportation and leading the evolution of mobility worldwide." Jennifer Li, WeRide's Chief Financial Officer and Head of International, added, "This quarter's strong topline performance reflects the sound execution of our growth strategy and the continued scaling of our operations. A major driver of our momentum is the increasing contribution from our Robotaxi business, which now plays a central role in our revenue mix and overall financial strength. As our international footprint grows — particularly in regions like Abu Dhabi — we are seeing clear signs of improved unit economics and growing commercial viability. With the support of our global strategic partners, we are at an inflection point where effectively operating a Robotaxi fleet with sustainable unit economics is becoming a reality." View original content: SOURCE WeRide Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
21 minutes ago
- Bloomberg
Tencent, Hillhouse Among Dozen PE and Tech Firms on Shortlist for Starbucks China Investment
Starbucks Corp. has shortlisted about a dozen parties including private equity firms and technology companies into the second round of a process to invest in its China business, people familiar with the situation said. Boyu Capital, Carlyle Group Inc., EQT AB, FountainVest Partners, KKR & Co., Hillhouse Investment and Primavera Capital are among the private equity firms invited to participate, along with tech giants Inc. and Tencent Holdings Ltd., the people said, asking not to be identified discussing private information.
Bloomberg
21 minutes ago
- Bloomberg
Chinese Builder Fantasia Plans to Unveil New Restructuring Plan
By , Jackie Cai, and Trista Xinyi Luo Save Chinese developer Fantasia Holdings Group Co. plans to release a new restructuring plan in the coming weeks after previous attempts fizzled, people familiar with the matter said, underscoring the years-long struggle of builders to move past an unprecedented property crisis. The company has been working on the latest plan, which would enable it to deleverage further, with a key group of creditors, according to the people, who asked not to be identified discussing private matters. Details are still being finalized, they added.
