<div id="readability-page-1">WeRide Inc. (NASDAQ:WRD) shares were up slightly on Wednesday after the company reported first-quarter 2026 results. <h2>Details</h2> Total revenue rose significantly by 57.6% year over year (Y/Y) at 114.1 million Chinese yuan. Gross profit surged 55.9% Y/Y to 39.6 million yuan ($5.7 million), with gross margin contracting to 34.7% from 35.0% in the prior year quarter. As of March 31, 2026, WeRide ( WRD ) held 6.18 billion yuan ($895.6 million) in cash, cash equivalents, and time deposits. <h2>Segment Performance</h2> WeRide ( WRD ) reported product revenue of 20.5 million yuan ($3.0 million) in the quarter, up 115.8% Y/Y, mainly driven by higher sales of robotaxis and other Level 4 autonomous vehicles. Service revenue rose 49% Y/Y to 93.7 million yuan ($13.6 million), supported by growth in intelligent data solutions and ADAS-related services. <h2>Key Development</h2> The company's robotaxi fleet grew to roughly 1,300 vehicles by April 2026, positioning it among the world's largest commercial robotaxi operators. Its broader Level 4 autonomous fleet (including robobuses and robovans) reached around 2,800 vehicles deployed or tested across 12 countries and 40+ cities. In China, WeRide's ( WRD ) robotaxi fleet expanded to approximately 1,000 vehicles, while the Guangzhou operating area nearly doubled from year-end 2025 levels. Average daily rides per robotaxi reached 17 trips in the quarter, with peak utilization climbing to 28 trips. International expansion accelerated with fully driverless robotaxi services launched in Dubai and autonomous ride-hailing operations introduced in Singapore through a partnership with Grab. The company also expanded into Riyadh and entered Slovakia as its fourth European market. <h2>Outlook</h2> Management reiterated its goal of deploying 2,600 robotaxis globally by the end of 2026 and emphasized an asset-light international expansion strategy built around partnerships and operational efficiency. Together with Uber, WeRide ( WRD ) plans to deploy at least 1,200 robotaxis across Abu Dhabi, Dubai, and Riyadh by 2027. The company also highlighted strategic collaborations with Lenovo and Geely Farizon, targeting 200,000 autonomous vehicle deployments globally by 2030 and delivery of 2,000 purpose-built GXR robotaxis by 2026. Its WRD 3.0 ADAS platform has secured production programs across nearly 30 vehicle models and supports multiple chip architectures including Nvidia and Qualcomm systems, improving scalability and manufacturing flexibility. WRD Price Action: WeRide shares were up 0.32% at $7.73 at the time of publication on Wednesday, according to Benzinga Pro data. Photo via Shutterstock</div>

WeRide Inc. (NASDAQ:WRD) reported a 57.6% year-over-year revenue increase to 114.1 million yuan in Q1 2026, with gross profit rising 55.9% to 39.6 million yuan. The company expanded its robotaxi fleet to 1,300 vehicles and plans to deploy 2,600 globally by the end of 2026. WeRide launched fully driverless services in Dubai and partnered with Grab for operations in Singapore. Shares rose 0.32% to $7.73 following the announcement.

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WeRide Q1 Revenue Jumps 58% As Global Robotaxi Fleet Hits 1,300