---
title: "Why is the stock price of WeRide, which reported strong Q2 results, not picking up?"
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/32569884.md"
description: "The leader in the Robotaxi sector $WeRide(WRD.US) recently disclosed its Q2 2025 earnings report. During the reporting period, the rapidly growing Robotaxi business drove its total revenue to a new level. However, WeRide failed to gain favor in the capital market. After the earnings release, its stock price continued to decline. As of the close on August 1, its stock price had fallen nearly 25% from the high of $11.50 on July 28..."
datetime: "2025-08-04T08:07:36.000Z"
locales:
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  - [zh-CN](https://longbridge.com/zh-CN/topics/32569884.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/32569884.md)
author: "[财华社](https://longbridge.com/zh-CN/profiles/11651030.md)"
---

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# Why is the stock price of WeRide, which reported strong Q2 results, not picking up?

The leader in the Robotaxi sector $WeRide(WRD.US) recently disclosed its Q2 2025 financial report. During the reporting period, the rapidly growing Robotaxi business drove its total revenue to a new level.

However, WeRide did not receive a warm welcome from the capital market. After the earnings release, its stock price continued to decline. As of the close on August 1, its stock price had fallen nearly 25% from its peak on July 28 ($11.50).

Another leading company in the Robotaxi field, $Pony AI(PONY.US), has not yet released its Q2 2025 financial data. Possibly affected by WeRide's stock performance, Pony.ai's stock price has also performed poorly in recent trading sessions.

**Revenue Soars, Robotaxi Business Booms**

WeRide's founder and CEO, Han Xu, could not hide his joy in the Q2 report. He stated, "The strong performance in Q2 marks a critical moment in WeRide's global journey."

The company's CFO and head of International Business, Li Xuan, claimed that with the support of global strategic partners, the company is approaching a turning point—efficiently operating a Robotaxi fleet with a sustainable per-vehicle model is becoming a reality.

As WeRide's Robotaxi services rapidly expand in multiple regions, the business has become a powerful engine for revenue growth. In Q2, Robotaxi revenue surged 836.7% YoY to RMB 45.9 million, driving total revenue up 60.8% YoY to RMB 127 million.

During the reporting period, Robotaxi revenue accounted for 36.1% of total revenue.

Notably, WeRide experienced consecutive YoY revenue declines in Q3 and Q4 2024, only turning positive in Q1 2025. The explosive growth of the Robotaxi business in Q2 marks the company's entry into the fast lane of commercialization.

To seek technological breakthroughs and enhance market competitiveness, WeRide continues to heavily invest in R&D. In Q2, R&D expenses reached approximately RMB 319 million (up 33% YoY), far exceeding total revenue. This has led to significant losses, with a net loss of RMB 406 million, slightly narrowing YoY.

WeRide adopts a "technology export + ecosystem partnership" approach to advance commercialization domestically and internationally. Its flexible business model has enabled rapid global expansion, driving revenue growth.

In Abu Dhabi, UAE, its Robotaxi fleet, developed in partnership with Uber, has tripled in size since December 2024. The operational scope is expected to expand to Khalifa City, Masdar City, and more cities this year. In June, WeRide signed an agreement with Uber and the Dubai Roads and Transport Authority to deploy commercial Robotaxi services in Dubai, with trial operations expected to begin this year.

Additionally, WeRide's Robotaxi recently obtained Saudi Arabia's first autonomous driving license, making it the only tech company with permits in six countries: Saudi Arabia, China, the UAE, Singapore, France, and the U.S.

WeRide's Robobus (autonomous minibus) has also achieved significant progress in commercialization in Singapore, Paris, and Riyadh.

It is foreseeable that as WeRide accelerates its overseas commercialization, revenue is expected to maintain high growth, with Robotaxi soon becoming the company's main revenue driver.

**Why Is the Capital Market Cautious?**

Despite the impressive revenue growth in the Robotaxi industry, most players are still in the "investment phase," with profitability remaining a key challenge.

The R&D and operational costs of autonomous vehicles are high. To cover costs and achieve profitability, large-scale commercialization is required. Although WeRide's losses narrowed slightly YoY in Q2, they still far exceeded revenue, indicating the company remains in a "burning cash for market share" phase with limited scale and no stable profit model.

Ruqi Mobility (09680.HK) CEO Jiang Hua recently stated that the Robotaxi sector has entered a phase where execution capability is key: "The ability to achieve large-scale commercialization determines whether players can stay in the game."

In this rapidly evolving sector, companies must continuously invest heavily—like a marathon with no finish line, where any misstep could leave them behind. Last year, Jiyue Auto CEO Xia Yiping, backed by Baidu, revealed that Baidu had invested over RMB 150 billion in AI and autonomous driving R&D over a decade.

Yet, after ten years, Baidu's autonomous driving division has yet to turn a profit.

Thus, WeRide must continue to sustain operations and expansion before achieving breakeven.

Moreover, the market is highly competitive. Despite the vast potential, WeRide must survive and outpace rivals. The autonomous driving space is crowded with traditional automakers, tech giants, and startups. While WeRide has advantages, it faces challenges from competitors like Pony.ai, raising investor concerns about its ability to maintain leadership and future revenue growth.

For WeRide, while its expansion story is compelling, the key to long-term success lies in proving its business model amid fierce competition. In this fast-changing field, today's leader may not be tomorrow's winner—only time will tell.

Author: Yuan Yao

### 相关股票

- [WeRide (WRD.US)](https://longbridge.com/zh-CN/quote/WRD.US.md)
- [Pony AI (PONY.US)](https://longbridge.com/zh-CN/quote/PONY.US.md)

## 评论 (1)

- **与光同尘啦 · 2025-08-04T08:42:13.000Z**: Grab the sofa
