By Jiahui Huang
Shares of Chinese autonomous driving company WeRide rose in Hong Kong after it reported strong fourth-quarter revenue.
Its shares rose 1.4% to 17.66 Hong Kong dollars, equivalent to US$2.25, in early trade on Tuesday.
The gains came after the Chinese robotaxi company reported revenue for the fourth quarter more than doubled from the same period a year earlier to 314.0 million yuan, equivalent to US$45.6 million. This included revenue from its robotaxi business, which rose 66% on year to 50.6 million yuan.
The company said its fourth-quarter net loss was 556.1 million yuan, narrowing from the 592.4 million yuan loss in the same period a year earlier.
Citi analysts in a note said that the company's fourth-quarter revenue beat market consensus partly driven by improved revenue.
WeRide, one of China's three major robotaxi providers, has been scaling up its robotaxi fleet and expanding aggressively overseas. The company's management said that they will focus on Beijing and Guangzhou and enter another new top-tier city this year. For the global market, the Middle East and Europe will be core growth engines, it said.
For the full year, revenue rose 90% to 684.6 million yuan in 2025. Its net loss narrowed to 1.65 billion yuan, compared with its 2.52 billion yuan loss in 2024.
The company said last week that it has entered Slovakia, its fourth European market after France, Belgium and Switzerland. The company collaborated with ELEVATE Slovakia to launch the country's first autonomous driving program.
WeRide's ADRs closed 9.0% higher at US$6.92 in the U.S. on Monday.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
March 23, 2026 23:12 ET (03:12 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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