Weride Inc ADR WRD

$4.31 +0.03 (0.70%)

Valuation

Market cap
1,329,732,000
Revenue TTM
$95,230,000
Net income TTM
$-230,200,000
P/E (trailing)
0.00
P/E (forward)
—
Profit margin
-241.73%
Debt to equity
0.08

Trading

Volume
1,758,700
Avg volume
2,644,058
Day's range
$4.26 – $4.34
Shares out
310,685,000
Stochastic %K
54%
Beta
2.02
Analysts
Moderate Buy
Price target
$11.90

Price

Company profile

WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China and Europe. Its product categories include robotaxis, robobus, robovan, and robosweeper. The company also offers advanced driver-assistance system solutions; intelligent data services; and WeRide Go app, an online ride-hailing platform. It...

Show more

WeRide Inc., an investment holding company, provides autonomous driving products and solutions for mobility, logistics, and sanitation industries in the People's Republic of China and Europe. Its product categories include robotaxis, robobus, robovan, and robosweeper. The company also offers advanced driver-assistance system solutions; intelligent data services; and WeRide Go app, an online ride-hailing platform. It has a strategic alliance with ELEVATE Slovakia to launch autonomous driving programs in Slovekia. WeRide Inc. was incorporated in 2017 and is headquartered in Guangzhou, the People's Republic of China.

Industry
Software - Application
Sector
Technology
Phone
86 20 2909 3388
Website
https://www.weride.ai
Address
Tower A, Guanzhou Life Science Innovation Center, 21st Floor No. 51, Luoxuan Road Guangzhou International Biotech Island, Guangzhou, China

Latest news

Stocktwits

LubberJML Nov 3, 8:03 PM
$WRD this only covers the 3 days and sows something unusual for WRD - outperforming the broader market by a lot. Doesn't mean anything other than the last 3 days. If the markets crash harder WRD should come in. For now, we'll ltake anything that;s not the next all time low.
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LubberJML Nov 3, 7:29 PM
$WRD breaking.... Mutua Madrileña has formalized the insurance for the 20 cars that make up the first pilot program of autonomous vehicles that Uber and WeRide have launched in Spain, in coordination with the Comunidad de Madrid, according to the insurer in an informational note. These vehicles began to circulate in the capital's streets in the testing phase last October, always with the presence and supervision of a safety operator inside.
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LubberJML Nov 3, 3:10 PM
$WRD I've had this one on watch since late October (3rd week). Maybe?
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Djmorri Nov 3, 11:26 AM
$WRD.. show me ! Quit telling me ! Overhyped since IPO and still down 75%. 2030? 2035? 2040 ? Any ones guess as to how long before real revenue and profits. All the AV business This year adds up to 1 Day of Uber travel at best lol.
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LubberJML Nov 3, 11:17 AM
$WRD some eye opening comments from this conference on AV demand that exceeds the capacity to supply vehicles and services. Per Han markets across the Middle East and Europe are becoming key battlegrounds for commercial autonomous driving, while interest from Australia and New Zealand is already running ahead of available resources. For WeRide London is also on deck and international demand remains far greater than current deployment capacity. “Lots of operators in Australia, in New Zealand, and even today in Hong Kong” are waiting for robotaxi services, Han said, noting that WeRide often has to postpone expansion plans because scaling fleets and operating infrastructure remains a complex undertaking." Han predicted that AV could eventually prompt regulators to reconsider whether human drivers should remain on public roads at all. https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.startupbusiness.it/en/chinese-robotaxis-are-stepping-up-the-pace-in-the-race-for-global-markets/213510/&ved=2ahUKEwjyur-q1OuXAxWVxQIHHXoFClwQvOMEKAB6BAgaEAE&usg=AOvVaw2q2rspIuUCVjIpVeua0aBt
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LubberJML Nov 3, 10:58 AM
$WRD Here's a side-by-sdie view of the key financial data and the employee headcount differential between $PONY and WeRide. They have different structures, diff strategies, but similar share performances on two factors: Net Losses and Scales Operations (slower than everyone expected). At some point they will diverge over operations, scaling and size of net losses. WeRide has a better gross margin, a larger global footprint and stronger partners IMO. WeRide rate of change on many other metrics favors WeRide IMO nut institutions favor PONY. Who ends up on top gets decided by early 2027. There's more to measure or compare but that's not important now. WeRide outsized net loss vs PONY is entirely from its large headcount. This headcount will need to start showing up in generating better revenues. We don't have other AV companies to compare these to bcs WAYMO, BAIDU and TESLA do not report their AV as standalone businesses with all their costs, R&D expenses or net losses.
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LubberJML Nov 3, 10:02 AM
$WRD Two points that stood out for me on the AV aspect of GRAB Q3 earn call: 1. CEO Tan mentioned they only partner with the best (WeRide is the primary partner today). Tan said"we are partnered for years and will continue to do so." IMO WeRide will be serving up AV for gRAB for awhile. 2. Alex said GRAB intent is to scale to massive asset deployments of 100's of billions of dollars to trillions of dollars in the long run and mentioned a decade time frame. GRAB is partnering with other OEM/AV providers. That's not a problem for WeRide. If GRAB and UBER are both looking at scale of trillions of dollars they'll need more partners and WeRide will have a good chunk of it. WeRide is one of only a few providers who can provide the AV today. Regulators need to start opening the doors.
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NLZ Nov 3, 8:24 AM
$WRD Grab earnings call: - The call reinforced the existing commitment rather than introducing another order. It also does not explicitly provide the supplier allocation for all 40 additions, but other sources already confirmed WeRide. - Grab management expects commercial autonomous ride-hailing through the Grab app “in the coming months.” - Grab gives a clear warning against assuming rapid regional adoption. Management expects human drivers and AVs to operate together for perhaps a decade across much of Southeast Asia. It suggests that adoption will vary sharply by market and operating environment. Grab’s September ambition was 1000’s of AVs across Southeast Asia by 2030. That is a useful indication of its intended scale, but it is a regional, multi-partner ambition rather than a WeRide order book. Grab explicitly wants to preserve control of the customer relationship. It also names both WeRide and Momenta as investments supporting its AV strategy.
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