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WeRide just delivered the kind of quarterly numbers that make competitors check their mirrors. The Chinese autonomous driving company reported Q2 2026 total revenue of RMB231.7 million, roughly US$34.2 million, a figure that grew 82.2% year-over-year and more than doubled sequentially from the prior quarter.
The mechanics behind the growth
The company’s domestic robotaxi business in China is firing on all cylinders, but the more striking story is what’s happening internationally. Overseas revenue climbed 164.4% compared to the same period last year.
CEO Tony Han pointed to fleet efficiency as a core driver of the improvement. Average daily rides per vehicle crossed 21 trips, a 24% jump quarter-over-quarter. Ride-hailing revenue for the quarter grew approximately 140% compared to the previous quarter. Registered users expanded 35% sequentially. First-half 2026 revenue reached RMB345.9 million, up 73.3% versus the same period in 2025.
Gross margin reached 37.5% in Q2, up from 28.1% a year earlier.
CFO Jennifer Li credited the company’s asset-light operational model for much of that improvement. Rather than owning every vehicle outright, WeRide licenses its technology and partners with fleet operators, keeping capital expenditure lower while revenues scale.
Europe is becoming a real growth engine
As of July 31, 2026, the company operates across more than 60 cities in 13 countries, with a global Level 4 autonomous fleet of approximately 3,400 vehicles, including over 1,800 robotaxis.
WeRide has active commercial robotaxi pilots running with Uber in both Madrid and Zurich. A newer partnership with GreenMobility, a Danish electric vehicle sharing company, targets Level 4 autonomous mobility across Denmark, with a commercial launch planned for the first half of 2027.
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