May. 7 at 11:16 AM
$WRD is a money printer if these things happen per existing press releases from WeRide and its partners. Assumptions are
$35K per AV for an avg cost.
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$7B from Lenovo for 200K AV over 5 years plus the service revenues this generates.
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$350MM from WePilot on 1MM units per year f(
$350 avg cost per ADAS) for 30 models plus the service revenue this generates.
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$70MM from Geely for 2,000 taxis in 2026 plus service revenues.
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$3.5MM for 100 robosweeps in 2026 plus service revues (
$11MM on entire 3 year contract)
-Whatever else GRAB, UBER and other bring in.
The above are stated commitments from WeRide and its partners.
Are they believable?
Those partners plus every OEM and large institutional backers of WeRide are very credible companies that have a financial stake in this. Tony never misled us on the progress or the calendar that I know of. Progress is slower than we want but that's not on Tony.
My rev numbers are big even if you cut them in half.
Revenues look good. Our partners are world class.
