Shares of WeRide Inc. (NASDAQ:WRD) surged 8% on Monday after the autonomous driving company delivered a blowout third-quarter update, showcasing explosive growth across its product portfolio and a sharp improvement in profitability metrics.
For Q3 2025, WeRide posted total revenue of RMB171.0 million (US$24.0 million), a 144.3% year-over-year increase, marking one of its strongest quarterly performances to date. The standout was robotaxi revenue, which skyrocketed 761.0% YoY to RMB35.3 million (US$5.0 million). Robotaxi now accounts for 20.7% of the business—up from just 5.8% in the same period a year ago—as commercial deployments expand globally.
Gross profit also saw dramatic improvement, rising 1,123.9% YoY to RMB56.3 million (US$7.9 million), while gross margin widened to 32.9%, compared with 6.5% in Q3 2024.
The positive results pushed the company’s shares higher as investors welcomed WeRide’s narrowing losses and broad-based revenue momentum. Product revenue surged 428.0% YoY to RMB79.2 million (US$11.1 million), and service revenue climbed 66.9% YoY to RMB91.8 million (US$12.9 million).
CEO Tony Han emphasized the company’s global progress, stating:
“In 3Q 2025, WeRide’s regulatory and commercial achievements spanning eight countries demonstrated the convergence of advanced technology and global execution capabilities.”
He added, “We’ve achieved a number of significant milestones, most notably securing the fully driverless commercial robotaxi permit in Abu Dhabi, with our operations there soon reaching unit economics breakeven.”
Regulatory wins played a major role in the quarter. WeRide secured Abu Dhabi’s first city-level fully driverless commercial robotaxi permit and launched public robotaxi operations in Saudi Arabia and Belgium. The company’s autonomous fleet now exceeds 1,600 vehicles, including nearly 750 robotaxis operating across eight countries.
WeRide also finished the quarter with a strong liquidity position—RMB5.4 billion (US$764.1 million) in cash, cash equivalents, time deposits, restricted cash, and wealth-management investments—as of September 30, 2025.