WeRide to pilot autonomous vehicles with RTA and Uber

GUANGZHOU, China – WeRide Inc. (Market cap: $2.23 billion), a company specializing in computer-integrated systems design, has announced a strategic move into autonomous vehicle operations. In a recent SEC filing, the company disclosed a memorandum of understanding (MoU) with the Road and Transport Authority (RTA) and ride-sharing giant Uber to initiate pilot operations of self-driving vehicles. According to InvestingPro data, WeRide’s stock has seen significant volatility, currently trading near its 52-week low of $6.03.

The Form 6-K report, filed today, indicates that this initiative is part of WeRide’s broader strategy to expand its autonomous driving technology into new markets. With last twelve months revenue of $49.92 million and an ambitious revenue growth forecast of 133% for FY2025, the collaboration with RTA and Uber is set to begin with a pilot program, although specific details regarding the scope and duration of the pilot were not provided in the filing.

WeRide’s filing also included a forward-looking statement, emphasizing that the company’s expectations for the future are subject to a variety of risks and uncertainties. The statement is a standard disclaimer underscoring that actual results may differ from those projected in any forward-looking statements.

The document further states that the information provided in the filing is current as of today’s date and that WeRide has no obligation to update any forward-looking statement unless required by applicable law.

This partnership represents a significant step for WeRide as it seeks to establish itself in the field of autonomous transportation. The company’s engagement with RTA and Uber could potentially pave the way for broader implementation of autonomous driving solutions in urban environments.

The SEC filing was signed by Jennifer Li, Chief Financial Officer of WeRide, who is duly authorized to act on behalf of the company. It is also noted that the report will be incorporated by reference into WeRide’s registration statement on Form S-8 (File No. 333-286106).

This announcement is based on the press release statement included in WeRide’s SEC filing. As the company moves forward with its plans, investors and industry observers will be watching closely to see how the pilot program unfolds and what it could mean for the future of autonomous vehicle technology. InvestingPro analysis reveals the company’s overall Financial Health Score as WEAK, with significant cash burn reflected in its negative EBITDA of $300.44 million. For deeper insights into WeRide’s financial health and growth prospects, including exclusive ProTips and comprehensive analysis, check out the Pro Research Report available on InvestingPro.

In other recent news, WeRide reported a 1.8% increase in total revenue, reaching $72.4 million for the first quarter of 2025. The company saw a notable 46.7% rise in product revenue, amounting to $9.5 million, while also reducing its net loss by 17.7% to $385.1 million. WeWrite’s strategic global expansion, particularly in the robotaxi market, continues with plans to deploy services in 15 new cities in collaboration with Uber. Meanwhile, WeRide and Renault (EPA:RENA) have extended their partnership to offer Level-4 autonomous minibus services at the 2025 Roland-Garros tournament. This collaboration highlights the successful integration of autonomous mobility solutions in Europe, demonstrating the readiness and acceptance of such technologies. In March, WeRide launched Europe’s first fully driverless commercial Robobus deployment in France’s Drôme region. Analyst feedback from firms like Morgan Stanley (NYSE:MS) and Nomura reflects a positive outlook on WeWrite’s growth trajectory, emphasizing the company’s advancements in autonomous mobility and strategic partnerships.

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