WeRide Stock Slides Despite Record Q1 Revenue as Robotaxi Losses Loom

WeRide Inc. posted first-quarter revenue of RMB114.1 million, a record and up 57.6%, thanks to gains in robotaxi and Level 4 vehicle sales. Despite the jump, shares trading in the U.S. lost ground in premarket action, as investors focused on the company's ongoing heavy R&D spending. Level 4 vehicles are capable of operating autonomously within specific zones.