AI Index / WeRide Inc.
WeRide Inc. (WRD)
Main revenue sources: (1) RoboTaxi services (autonomous ride-hailing): RMB16.1m in Q1, 22% of revenue; expanding via Uber across 15 cities. AI contributes directly (L4 autonomy). (2) Product sales: RoboTaxi vehicles, RoboSweepers, plus Robobus/Robovan platforms; strong growth, product GM ~50%. AI contributes directly. (3) Services: Intelligent Data Services and Operational & Technical Support tied to AV deployments; ADAS R&D services (declined post project). AI contributes directly/primarily. Overall, revenue is fundamentally driven by WeRide’s autonomy stack and AV operations.
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Our autonomous vehicles are quite cost competitive. For instance, the cost of our sensor suite has reduced by more than 70% over the past five years. And going forward with the more integrated design and increasing adoption of redundant drive-by-wire chassis, we anticipate another 20% to 30% have room for a future cost reduction for the next gen of RoboTaxi.
- Jennifer Li
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Quotes from weride Executives About Artificial Intelligence and Generative AI
Technology and safety are the cornerstones of our success. Our autonomous mobility product all operates atop what we call WeRide One, an autonomous driving technology platform designed to handle a broad spectrum of operational environments, from complex urban settings to full-day functionality and varying weather conditions.
- Tony Han
Our OEM partnership will help us keep optimizing every part of the supply chain. So in short, compared to the traditional taxi and road-hailing services, RoboTaxi is expected to be 50% or more cost-effective in developed markets.
- Jennifer Li
As part of this partnership, WeRide to [Indiscernible] the service. We'll be available through Uber's app, and Uber will be responsible for the big operation.
- Jennifer Li
In March, our Robobus was granted an operation permit by France, making it the first and to date the only autonomous driving company whose products have received operational approvals in five countries, including China, the UAE, Singapore, France, and the U.S.
- Tony Han
To date, we have been providing autonomous mobility service to the local citizens for more than 2,000 days. So I'm quite confident and quite proud for this achievement.
- Tony Han