Quarterly ResultAug 12, 2026, 04:10 PM
WeRide H1 Revenue +73.3% to RMB345.9M; Gross Margin 36.6%
AI Summary
WeRide Inc. reported strong interim results for the six months ended June 30, 2026, with total revenue increasing by 73.3% year-over-year to RMB345.9 million. Gross margin improved to 36.6%, driven by higher-margin L2++/L3 business and overseas L4 operations. The company significantly expanded its global footprint, launching new robotaxi services in Europe and Southeast Asia, and growing its L4 fleet to approximately 3,400 vehicles. EBITDA also showed improvement, narrowing by 6.5% year-over-year.
Key Highlights
- Total revenue increased 73.3% YoY to RMB345.9 million for H1 2026.
- Gross margin improved to 36.6% from 30.6% in the same period of 2025.
- EBITDA was negative RMB667.0 million, narrowing by 6.5% YoY.
- Global L4 fleet comprised approximately 3,400 vehicles, including over 1,800 robotaxis.
- Overseas revenue increased by 154.4% YoY.
- Quarterly domestic ride-hailing revenue increased by approximately 140% QoQ.
- Delivered approximately 30,000 units of WRD 3.0 L2++/L3 solution in 2Q2026.
- Repurchased HK$542.98 million in Class A shares and US$30.02 million in ADSs.
Price Impact
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