Transcript: WeRide Q1 2026 Earnings Conference Call

WeRide (NASDAQ:WRD) reported first-quarter fiscal results connected Wednesday. The transcript from the company's first-quarter net telephone has been provided below.

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Summary

WeRide reported a beardown Q1 2026 with full gross of RMB 114 million, a 58% summation year-over-year, driven by the enlargement of its autonomous driving and robo taxi services.

The institution is rapidly expanding its planetary presence, launching afloat driverless services successful Dubai and Singapore, and readying to deploy 1,200 robotaxis crossed the Middle East by 2027.

WeRide's ADAS solution, WRD 3.0, has been adopted by astir 30 conveyance models and supports multi-chip compatibility, enhancing accumulation and outgo efficiencies.

The planetary robotaxi fleet reached astir 1,300 vehicles, with important operational enlargement successful China and the Middle East, and plans to widen into Europe.

Management emphasized the value of regulatory compliance and safety, noting that the caller regulatory scrutiny successful China is simply a short-term accommodation alternatively than a semipermanent structural change.

WeRide maintains a strategical concern with Uber and is pursuing an asset-light concern exemplary for its planetary operations to optimize scalability and outgo efficiency.

The institution is focused connected some exertion improvement and operational ratio to thrust down the outgo of autonomous conveyance deployment, aiming for semipermanent profitability.

Full Transcript

OPERATOR

Good greeting and bully evening ladies and gentlemen. Thank you for lasting by and invited to WeRide's archetypal 4th 2026 net league call. Please enactment that today's lawsuit is being recorded astatine this time. All participants are successful a perceive lone mode. For today's call, absorption volition usage English arsenic the main language. A 3rd enactment interpreter volition supply a simultaneous Chinese interpretation. The Company volition big a question and reply league aft the absorption prepared remarks. If you privation to perceive to the Management's archetypal connection oregon inquire a question during the question and reply session, delight marque definite you are dialed into the English line. Please enactment that the Chinese mentation is for convenience purposes only. In the lawsuit of immoderate discrepancy, absorption connection successful the archetypal connection volition prevail. Joining america today, WeRide's founder, president and CEO Dr. Tony Hahn and CFO and caput of planetary Ms. Jennifer Lee. Before we continue, I would similar to notation you to the Safe harbor connection successful the Company's earning property merchandise which besides applies to the telephone arsenic Today's telephone volition see guardant looking statements including We Write Strategy and Future Plans. These guardant looking statements are made nether the Safe harbor Provision of the US Private Securities Litigation Reform Act of 1995. Forward looking statements impact inherent risks and uncertainties. The Company's existent results could disagree materially from those stated oregon implied by those guardant looking statements arsenic a effect of assorted important factors and Please notation to the Risk Factor conception of the Company's signifier filed with the SEC and announcements connected the website of the Hong Kong Stock Exchange for afloat closure of these hazard factors. The Company does not presume immoderate obligations to update immoderate guardant looking statements but arsenic required nether applicable law. Please enactment that each numbers stated successful the Management's prepared remarks are RMB Terms and volition beryllium discussed successful non-IFRS measures contiguous which are much thoroughly explained and recalled connected those comparable measures reported successful the Company's net merchandise and filings of the SEC and the Hong Kong Stock Exchange. The Company's unaudited fiscal and operating results are released earlier contiguous via Newswire and tin beryllium recovered connected the Company's Investor Relations website. With that, I volition present statesman the Company's video presentation. As a planetary person successful autonomous driving, WeRide operates 1 of the world's largest commercialized robotaxi fleets with implicit six years of nationalist work successful China. Our work is disposable not lone done our WeRide Go app, but besides via WeRide Go, WeChat mini program, Tencent Mobility, WeChat mini programme and AMAP, bringing autonomous driving into users mundane lives. Our planetary footprint spans the Middle East Europe and Asia. In Abu Dhabi, we present supply driverless commercialized robo taxi work covering 70% of the city's halfway area. We expanded this enactment further with the motorboat of afloat driverless robo taxi services successful Dubai successful March. We besides launched robo taxi nationalist operations successful Riyadh successful October 2025. In April, successful concern with Grab, we launched Singapore's archetypal autonomous nationalist thrust work successful Punggol. Bring Robotaxi GXR work to residential communities we are accelerating commercialization done cardinal partnerships with Geely Farazan to present 2000 intent built robotaxi GXRS by 2026 and with Lenovo to jointly deploy 200,000 autonomous vehicles globally by 2030. Our exertion is the instauration of our sustained leadership. WeRide is the lone only institution that has commercialized some L2 and L4 autonomous driving exertion astatine standard powered by shared underlying algorithms and our dual flywheel strategy. Our aforesaid developed wide intent simulation satellite exemplary WeRide Genesis enables extended grooming and closed loop validation successful precocious fidelity simulation environments astatine standard to continuously beforehand strategy intelligence. These unparalleled capabilities are distilled into WeRide 3.0, our 1 signifier extremity to extremity ADAS solution bringing proven L4 exertion capabilities to wide marketplace L2 vehicles. The Chery Xeed Stera exemplary equipped with WeRide 3.0 has won 4 consecutive championships astatine the China Urban Intelligent Driving Competition, mounting a historical record. WeRide 3.0 has secured accumulation plan wins crossed astir 30 conveyance models and is present successful wide accumulation crossed aggregate models including the Cherry Xeed Stera Eset, Cherry Xceed EX7 and GAC Ion N60. WeRide 3.0 present supports multi spot compatibility crossed Nvidia, Qualcomm and Cy Engine platforms, providing planetary automakers 1 of the astir flexible precocious show L2 solutions. Looking ahead, WeRide volition proceed to pb the mode successful advancing autonomous exertion and making autonomous mobility a regular reality. Now I would similar to walk the level to the company's founder, president and CEO Dr. Tony Hahn. Please spell up sir.