Valued at a market cap of $2.8 billion, WeRide (WRD) provides autonomous driving products and solutions for mobility, logistics, and sanitation industries. Its product categories include robotaxis, robobuses, robovans, and robosweepers. The China-based company also offers advanced driver-assistance system solutions, and the WeRide Go app, an online ride-hailing platform.
WeRide stock rose nearly 15% last week after the autonomous vehicle company delivered explosive third-quarter results, demonstrating its robotaxi business is gaining momentum.
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The company stated its robotaxi revenue rose 761% year-over-year, while total sales rose 144% to $24 million in Q3 of 2025. While it continues to invest heavily in technology and global expansion, its net loss narrowed by 71% year-over-year.
WeRide’s product revenue rose 428% as it sold more robotaxis and robobuses to partners. Service revenue climbed 67%, driven by data services and autonomous driving operations. Robotaxi revenue now accounts for 21% of total revenue, up from just a fraction a year ago. The company also achieved a gross profit margin of 33%, demonstrating it can build a profitable business model as it scales.
WeRide operates more than 1,600 autonomous vehicles across 11 countries and 30 cities. It recently secured the world’s first city-level fully driverless robotaxi permit outside the United States in Abu Dhabi, where it launched commercial service through Uber (UBER). WeRide now completes up to 20 trips per vehicle daily in the region and plans to extend service hours and boost utilization.
The company also announced its expansion into Switzerland with the country’s first driverless robotaxi license and to Saudi Arabia through Uber. WeRide also noted continued growth in China, where it operates 300 robotaxis in Guangzhou and over 100 in Beijing.
WeRide’s business model differs significantly between domestic and international markets. In China, it owns and operates vehicles through the WeRide Go app. However, in global markets, it has partnered with Uber and Grab (GRAB), keeping the model asset-light. This strategy allows WeRide to earn revenue by selling vehicles to partners, collecting annual licensing fees, and taking a commission on ride fares.
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