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WeRide Surges 14% on Strong Q3 Results
25 Nov
Summary
- WeRide's share price increased by 14.72% to $8.26.
- Third-quarter revenue rose 144% to 170.98 million yuan.
- The company now operates over 1,600 vehicles, including 750 robotaxis.
WeRide Inc. has captured Wall Street's attention, with its stock price jumping 14.72% to $8.26 per share. This surge was fueled by impressive third-quarter financial results, where the company significantly improved its performance compared to the previous year. The positive investor reaction highlights growing confidence in WeRide's business model and expansion strategies.
The company's financial report revealed a substantial 144% increase in revenue, reaching 170.98 million yuan. Simultaneously, WeRide managed to narrow its net loss attributable to shareholders by 70%, from 1.04 billion yuan to 307 million yuan. These improvements were primarily driven by aggressive global fleet expansion and increased service penetration.
Further demonstrating its growth, WeRide now operates over 1,600 vehicles, including nearly 750 robotaxis. The company has also expanded its reach into eight countries, recently securing a driverless permit in Switzerland. This expansion into new markets signals a commitment to becoming a global leader in autonomous driving technology.
