WeRide-W (00800) announced its unaudited financial results for the first quarter of 2026. Total revenue reached RMB 114.1 million, representing a year-on-year increase of 57.6%. Gross profit was RMB 39.6 million, up 55.9% year-on-year, resulting in a gross margin of 34.7%. Research and development expenses amounted to RMB 363.3 million, an increase of 11.5% compared to the same period last year.
The company stated that its flagship product, the autonomous taxi, serves as a powerful demonstration of its self-driving technology and plays a central role in its expansion and growth strategy. By April 30, 2026, the company's global autonomous taxi fleet reached a new milestone of approximately 1,300 vehicles.
In April 2026, the company's one-stage, end-to-end L2++ ADAS solution, WeRide Driving (WRD 3.0), became the first and only solution in the history of the China Smart Driving Competition to achieve four consecutive championships. This further validates WeRide Inc.'s leading technical capabilities in complex real-world urban driving environments. Leveraging WeRide Inc.'s GENESIS general simulation world model and extensive L4-level real-world driving data, WRD 3.0 demonstrates strong systematic scenario handling, self-optimizing learning capabilities, and mass-production-ready engineering performance across various configurations. This achievement further confirms the maturity, competitiveness, and scalability of WeRide Inc.'s technology platform, while highlighting the transferability of its L4 autonomous driving capabilities to mass-production intelligent driving solutions.
The company's diverse mobility applications continue to open up additional revenue streams, solidifying its business presence across 12 countries globally. As of April 30, 2026, WeRide Inc.'s global autonomous vehicle fleet, encompassing autonomous taxis, autonomous minibuses, autonomous cargo vans, and unmanned street sweepers, has expanded to approximately 2,800 vehicles.
Han Xu, Founder, Chairman, and CEO of WeRide Inc., stated, "In the first quarter of 2026, WeRide Inc. made substantial progress in autonomous driving technology and global expansion, with the core driver being WeRide GENESIS. Through closed-loop simulation, AI training, and end-to-end model capabilities, GENESIS has significantly enhanced system generalization and iteration efficiency, comprehensively supporting the large-scale deployment across diverse scenarios, driving the global operational expansion of Robotaxi and the commercialization of WRD 3.0. Currently, WeRide Inc.'s Robotaxi fleet in China numbers approximately 1,000 vehicles, with registered users in Q1 being about twice that of the same period last year. As we continue to strengthen our AI training infrastructure, WeRide Inc. is accelerating the development of a world-leading autonomous driving platform."
Li Xuan, Chief Financial Officer and Head of International at WeRide Inc., added, "In Q1 2026, the company's revenue reached $16.5 million, a 58% year-on-year increase. Benefiting from the expanded sales scale of L4 autonomous vehicles like Robotaxi, product revenue surged by 116%. With an efficient deployment strategy and a focus on high-value mobility markets, the company achieved a gross margin of 35%, continuing to lead the industry. Gross profit grew by 56% year-on-year. While maintaining significant investment in R&D, the company further narrowed its operating loss. With the launch of fully driverless Robotaxi commercial operations in Dubai and Abu Dhabi, the commencement of public Robotaxi operations in Singapore, and Slovakia becoming our fourth European market, WeRide Inc. has fully demonstrated its safe, reliable, and globally deployable capabilities across diverse regulatory environments."
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