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WeRide (WRD) is trading sharply higher after reporting its Q3 results this morning. The autonomous driving company significantly narrowed its loss to RMB (1.02) from RMB (14.79) in the year ago period, while revenue surged a record 144% yr/yr to RMB 171 mln.

• Growth was supported by continued fleet expansion and increasing service penetration. Product revenue and service revenue increased 428% and 66.9% yr/yr to RMB 79.2 mln and RMB 91.8 mln, respectively.
• The standout was robotaxi, with revenue increasing 761% yr/yr to RMB 35.3 mln, reaching 20.7% of total revenue from 5.8% in the prior year period.
• Gross profit surged 1,123% yr/yr to RMB 56.3 mln, supported by a sharp expansion in gross margin to 32.9% from 6.5% a year ago, benefiting from stronger mix, improved fleet efficiency, better ADAS R&D service projects, and no inventory write-downs.
• Operationally, WeRide secured several major regulatory wins, including a landmark fully driverless commercial permit in Abu Dhabi and Switzerland's first driverless robotaxi authorization.

Briefing.com Analyst Insight

This was a strong quarter for WeRide, and reflects a powerful combination of accelerating commercialization, major regulatory validation, and improving financials. The standout was robotaxi, with growing momentum on the Uber (UBER) platform in Abu Dhabi and Riyadh helping increase usage and visibility. These regulatory wins meaningfully reduce uncertainty and support a clearer path toward profitability, underscored by operations in Abu Dhabi reaching unit-economics breakeven following the latest driverless permit. With a fleet now exceeding 1,600 vehicles and broader deployments across China, the Middle East, and Europe, the Q3 update offers a glimpse into what scaled autonomous mobility could look like.