WeRide Stock Rises Despite Q4 Revenue Dip, Product Revenue Jumps

WeRide Inc. (NASDAQ:WRD) shares are trading higher on Friday. Total revenue for the fourth quarter was RMB140.8 million ($19.3 million), down from RMB144.8 million in the same period of 2023.

The company’s fourth-quarter product revenue jumped to RMB51.7M million ($7.1 million), driven by strong sales of robotaxis, robosweepers, and robovans. Service revenue declined to RMB89.1 million ($12.2 million) due to lower revenue from ADAS research and development services.

Non-IFRS adjusted net loss was RMB245.5 million ($33.6 million), compared to RMB115.7 million in the year-ago quarter.

As of Dec 31, 2024, ...