WeRide Narrows Loss in Q3 as Revenue Surges 144%

MT Newswires Live11-24

WeRide (HKG:0800) narrowed its attributable loss for the three months ended Sept. 30 to 307.3 million yuan from 1.04 billion yuan a year prior, a Monday Hong Kong bourse filing said.

The autonomous driving technology firm's loss per share stood at 0.34 yuan, down from 4.93 yuan in the year-ago period.

Revenue for the quarter was 171 million yuan, up 144% from 70 million yuan previously, mainly due to global fleet expansion and a boost in service penetration.

For the nine months ended Sept. 30, attributable loss narrowed to 1.1 billion yuan from 1.92 billion yuan previously, with revenue jumping to 370.6 million yuan from 220.3 million yuan.

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