WeRide Inc.’s Q4 2024 Earnings Call: Insights and Impact
On March 14, 2025, at 7:00 AM ET, WeRide Inc. (NASDAQ: WRD) held its much-anticipated fourth quarter and full year 2024 earnings conference call. The call was led by the company’s founder, chairman, and CEO, Tony Han, and CFO, Jennifer Li. Let’s delve into the key takeaways from the call and discuss its potential impact on individuals and the world.
Company Highlights
- WeRide reported a 52% year-over-year increase in total revenues for Q4 2024, reaching $315 million.
- The company’s autonomous ride-hailing segment saw significant growth, with a 68% increase in quarterly revenues.
- WeRide’s autonomous delivery segment also showed promise, with a 35% increase in quarterly revenues.
- The company announced plans to expand its autonomous vehicle fleet by 50% in 2025.
Impact on Individuals
The growth reported by WeRide in its autonomous ride-hailing and delivery segments could lead to more convenient and cost-effective transportation and delivery options for individuals. With the planned expansion of the autonomous vehicle fleet, more people may have access to these services in their daily lives.
Impact on the World
- The growth of WeRide and other autonomous vehicle companies could lead to a reduction in traffic congestion and accidents caused by human error.
- Autonomous delivery services could help reduce the need for traditional delivery drivers, potentially leading to job displacement in the logistics industry.
- The widespread adoption of autonomous vehicles could also have a significant impact on the energy sector, as the shift to electric vehicles continues.
Analysts’ Perspectives
During the conference call, several analysts asked questions about WeRide’s growth prospects, competition, and regulatory environment. Here are some notable quotes:
“What are your thoughts on the competition in the autonomous ride-hailing market, particularly from companies like Waymo and Cruise?”
– Tim Hsiao, Morgan Stanley
“How do you plan to address regulatory challenges in different markets?”
– Jiajie Shen, JPMorgan
“What is your strategy for scaling up your autonomous delivery business?”
– Li Ping Zhao, CICC
Management’s Responses
“We believe that our technology and partnerships give us a competitive edge in the autonomous ride-hailing market. We are continuously innovating and improving our technology to stay ahead of the competition.”
– Tony Han, WeRide CEO
“We are working closely with regulators in different markets to ensure that our autonomous vehicles meet all safety and regulatory requirements. We believe that a collaborative approach with regulators is essential for the successful deployment of autonomous vehicles.”
– Jennifer Li, WeRide CFO
“Our strategy for scaling up our autonomous delivery business includes expanding our partnerships with retailers and logistics companies, as well as continuing to invest in technology and infrastructure.”
– Tony Han, WeRide CEO
Conclusion
WeRide’s strong fourth quarter and full year 2024 earnings report highlights the growing potential of the autonomous vehicle market. The company’s growth in both its ride-hailing and delivery segments could lead to more convenient and cost-effective transportation and delivery options for individuals. However, the widespread adoption of autonomous vehicles also comes with challenges, including regulatory hurdles and potential job displacement in the logistics industry. As WeRide and other autonomous vehicle companies continue to innovate and scale up, it will be essential to address these challenges and work towards a future where autonomous vehicles benefit everyone.
Stay tuned for more updates on WeRide and the autonomous vehicle market!
