WeRide Inc. reported another period of rapid scale-up, with second-quarter 2026 revenue climbing 82.20% year on year to RMB 231.70 million, helped by a 164.40% surge in overseas revenue and the first full quarter of contributions from its asset-light European expansion strategy. Quarter-on-quarter growth reached 103.10%.

Gross profit rose to RMB 86.90 million, lifting gross margin to 37.50% from 28.10% a year earlier, supported by higher-margin L2++/L3 advanced-driver-assistance sales and a larger proportion of international L4 robotaxi income.

Operating expenses increased 9.17% to RMB 532.50 million, led by R&D spending of RMB 434.30 million as the company expanded right-hand-drive product development and its in-house physical-AI foundation model “WeRide WITT”. Administrative costs fell sharply to RMB 69.00 million after a reduction in share-based payments.

The quarter closed with a net loss of RMB 400.70 million, slightly narrower than last year’s RMB 406.40 million, while negative EBITDA narrowed 8.10% to RMB 335.40 million.

Segment highlights • L4 operations generated RMB 125.20 million, up 47.30% year on year, thanks to new robotaxi deployments in Spain, Switzerland, Denmark and the Middle East. • L2++/L3 solutions delivered roughly 30,000 units and revenue expanded 2,593.80% year on year and 219.30% quarter on quarter as additional model design wins entered production.

Key operating metrics • Global Level-4 fleet reached about 3,400 vehicles by end-July, including more than 1,800 robotaxis. • Average daily rides per domestic robotaxi exceeded 21, up 24% sequentially, pushing domestic ride-hailing revenue 140% higher quarter on quarter. • The company’s autonomous driving footprint now covers over 60 cities in 13 countries.

First-half 2026 overview Revenue for the six months to June rose 73.30% to RMB 345.90 million, with gross margin improving to 36.60%. The first-half net loss was broadly flat at RMB 789.80 million, while negative EBITDA narrowed 6.50% to RMB 667.00 million.

Liquidity position Cash, cash equivalents, time deposits and restricted cash totalled RMB 5.40 billion as of 30 June 2026, providing funding for continued overseas scaling and product R&D.

Management outlook Management reiterated confidence in the replicability of its asset-light model overseas and identified the L2++/L3 business as a second high-growth revenue stream on the path toward cash-flow break-even.