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NASDAQ: WRD Investor Presentation Transforming Urban Living with Autonomous Driving NASDAQ: WRD
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 1 During today’s event, we will make statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the United States Securities and Exchange Commission (SEC). Any forward-looking statement made by us in this presentation speaks only as of the date of this presentation and represents our estimates and assumptions only as of the date of this presentation. We do not undertake any obligation to update any forward-looking statement made today, except as required under applicable law. This material also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. We will also discuss certain non-IFRS measures today, which are more thoroughly explained and reconciled to the most comparable measures reported in the Company's earnings releases and filings with the SEC. Please note that our communications today are for informational purposes only and are not intended to be relied upon as investment advice. The information presented does not constitute a recommendation to buy, sell, or hold any of the Company’s securities and does not take into account the investment objectives or financial situation of any particular investor. This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Disclaimer
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 2 WeRide - Global Leader in Autonomous Driving and Robotaxi Notes: 1. As of September 2025 2. As of October 2025 3. Regulatory discipline refers to license revocation and suspension 11 Countries 30+ Cities 7 Global Permits One of the Largest AV Fleets Globally Proven Safety One-stop Solution One-stop autonomous driving solutions addressing urban challenges Trials and commercial operations AVs licensed in seven countries: China, US, UAE, Saudi Arabia, Singapore, France, Belgium 700+ robotaxis (1) / 1,500+ vehicles(1) / approx. 55mm km L4 mileage(2) No regulatory discipline for autonomous driving system failure(3) This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever.
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 3 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. First Public Operation ~1k Robotaxis(2) 7 Cities(3) Mass Deployment on the Global Stage WeRide is Set for Rapid Scaling Founded 2019 2017 2025 2030 US$1.5 Trillion L4 and above global market size in 2030(1) Notes: 1. According to China Insights Industry Consultancy Limited (CIC) 2. Total volume produced 3. Beijing, Guangzhou and Abu Dhabi in public operation; Singapore, Zurich, Dubai and Riyadh in testing
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 4 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Market Potential is Massive – WeRide is Set to Capitalize 10% baseline blended penetration will give 1.4 million units in robotaxi fleet capacity Sources: CIC, broker reports Note: 1. Key regions include MENA, Europe, Southeast Asia, Oceania, China and the US. The CAGR assumptions for the # of ride haili ng cars and taxis in these regions are between 8% and 18% “Our Autonomous Vehicles (AVs) forecast implies that a global fleet of a few million commercial AVs used for rideshare could be on the road in 2030” ----- GS AD Industry Report, May 2025 “We forecast 4m robotaxis in China and 6m globally (ex the US) by the late 2030s” ----- UBS AD Industry Report, Aug 2025 4.4 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2024A 2025E 2026E 2027E 2028E 2029E 2030E # of ride hailing cars and taxis in key regions # of robotaxis in key regions Ride hailing TAM is large and still growing (1) (1) (000’ units) >1,400
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 5 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Robotaxi Can Deliver Sizable Revenue and Profit – Illustrative Build-up 1 30% blended margin % One-time Revenue Recurring Revenue ~ US$50,000 Vehicle ASP ~ US$50,000 / Vehicle Annual Recurring Ride Hailing Service Revenue ~ US$500mm Total Vehicle Sales ~ 10k Units Robotaxi Newly Sold ~ 20k Units Robotaxi in Existing Operation ~ US$1bn Annual Recurring Ride Hailing Service Revenue ~ US$1.5bn Revenue ~ US$450mm Net Profit 1. Indicative average global prices used for illustrative purposes
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 6 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Our Global Expansion Track Record Saudi Arabia Guangzhou Beijing Wuxi Shanghai • 5+ years of robotaxi operations in China • Provide robotaxi services through WeRide Go and soon WeChat • Multi-product commercialization across 20+ cities China France • Robobus pilot operation on public roads since 2021 Qatar • Robobus regular operation in Japan • Intent orders for thousands of robobuses in Japan Japan • 1st nation-wide AV permit in the world • Operate the largest robotaxi fleet outside China and US • Collaboration with Uber on robotaxi commercial operation • Started driverless testing in 2025 UAE • Robobus shuttle service during 2024 and 2025 French Open • Collaboration with Renault France • Robobus trials in downtown Barcelona Spain • Launched robotaxi, robobus and robosweeper trials • Robotaxi permit secured and operation expected in 2025 • Regional office • Driverless test permit in 2021 USA Saudi Arabia • L4 AV permit and Robobus launched in Leuven, Belgium Belgium • Launched 1st driverless regular robobus service in Southeast Asia to the public • Robotaxi testing launched in Singapore • Robosweeper operations on public roads Singapore Sources: CIC, public information, Company website • Robotaxi testing launched in Switzerland • Robobus regular operation at Zurich Airport Switzerland
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 7 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Unit China UAE UK US Revenue Revenue per year USD 41,063 91,250 256,641 256,641 # Rides per day # 25 25 25 25 Average kilometer per order km/order 10 10 10 10 Kilometer per day km/day 250 250 250 250 Kilometer per year km/year 91,250 91,250 91,250 91,250 Price per kilometer USD/km 0.5 1.0 2.8 2.8 Cost Lifecyle of EV(1) km 600,000 600,000 600,000 600,000 Total kilometer per year(2) km 130,357 130,357 130,357 130,357 Vehicle cost USD 40,000 50,000 80,000 100,000 Depreciation per year(2) USD 8,690 10,863 17,381 21,726 Depreciation per km USD 0.07 0.08 0.13 0.17 Energy cost per year(2) USD 3,576 10,258 26,071 8,343 Energy cost per km USD 0.03 0.08 0.20 0.06 Labor cost per year USD 2,857 1,967 11,250 15,000 Remote safety officer - vehicle ratio(3)# 1:10 1:10 1:10 1:10 Insurance cost USD 1,429 2,857 9,240 9,240 Other operating costs(4) USD 6,806 10,207 19,025 20,430 Profit Profit before financing cost per year USD 17,705 55,098 173,673 181,902 Financing cost (to vehicle owner) USD 4,000 5,000 8,000 10,000 ％ of vehicle cost 10.0% 10.0% 10.0% 10.0% Profit USD 13,705 50,098 165,673 171,902 Profit margin % 33.4% 54.9% 64.6% 67.0% Compelling Robotaxi Unit Economics Enables Profitable Scaling Source: CIC, public info Robotaxi allows for the 60-70% of the labor cost of traditional mobility to be converted to Robotaxi platform profit Key cost items include vehicle depreciation, remote safety driver costs, energy costs and other operating costs Utilization of the vehicles and deployment area are key in determining return Illustrative Robotaxi UE Model in China, the UAE, Europe, and the US Based on current traditional taxi / ride-hailing parameters Notes: 1. Mandatory scrapping mileage 2. Total kilometer per year = total charged kilometer / 70% utilization rate; depreciation and energy cost per year = depreciation and energy cost from charged mileage / 70% utilization rate 3. It’s estimated mid-term supervisor – vehicle ratio can further expand to 1:30 4. Other operation cost includes license, parking, maintenance and grid operation costs
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 8 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. WeRide One: Universal Technology Platform Powers all of WeRide’s autonomous mobility solutions, from L2+ passenger cars to fully driverless L4 vehicles Robotaxi Robovan Robosweeper L2+ solutions Robobus Software Hardware Cloud Infrastructure W e R i d e O n e Accelerates algorithm self- iteration Enables powerful close- loop data feedback between L2+ and L4 systems, as well as scalable deployment Unlocks stronger synergy across product portfolio ✓ ✓ ✓ 把ADAS改成了”L2 solutions”
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 9 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Robust R&D Capabilities: Innovation Fortress Propelled by World-class Talent and Patents Key Employee Stats (1) 534 With advanced degrees 797 AI scientists & engineers 1,023 Employees(1) 2,905 Tech Employees *Supported by a dedicated team of 2,565 AI annotators and data engineers 564 issued patents, 500+ patent applications and pending patents globally (2) Dr. Tony Han Founder & CEO Dr. Yan Li Co-founder & CTO Dr. Hua Zhong SVP of Engineering Notes: 1. As of June 2025 2. As of August 2025 Dr. Qingxiong Yang VP & Head of Research Jennifer Li CFO & Head of International 797 AI Scientists and Engineers 18% Product 15% Infra67% Algorithm
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 10 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. (124) (111) (58) (57) Recent Financials Updates Revenue(1) Net Loss(1) 33% 61% (587%) (397%) (523%) (320%) Net Loss Margin YoY Growth (USD MM) (USD MM) 60.8% total revenue YoY growth Robotaxi contributed 36.1% of total revenue(2) (The highest quarterly robotaxi revenue concentration since 2021) 2Q2025 financial highlights Industry-leading 28.1% gross profit margin 836.7% YoY growth of robotaxi revenue 3 10 2 8 18 18 9 10 1H2024 1H2025 2Q2024 2Q2025 Product Service 21 28 11 18 1H2024 1H2025 2Q2024 2Q2025 Notes: 1. Reporting currency is RMB. USD to RMB exchange rate of 7.1 is applied. 2. The rest of revenue came from robobus, L2+ solutions, robosweeper and robovan.
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 11 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. THANK YOU Website：www.weride.ai Website：www.weride.ai 文远知行.WeRide Contact：ir@weride.ai YouTube：www.youtube.com/@WeRideAI YouTube：www.youtube.com/@WeRideAI
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 12 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Vision & Mission Appendix Technology Development
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 13 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. Fleet Operation Full-stack Self-Developed Platform: a Data-driven, Closed-loop R&D Ecosystem Data WeRide GENESIS Smart annotation Intelligent data mining Model training Algorithm iteration Verification Release & Deployment Feedback Built in-house Cloud native Fast iterationHigh performance Deployable
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 14 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. WeRide GENESIS – Generative Engineered Neural Environment for Simulated Intelligence in Self-driving Smart Scenario Digital Twin World Generation Engine Dynamic 3D Reconstruction Engine Generative AI Smart Simulation Engine: Smart Agent Smart Simulation Smart Simulation Evaluation Engine Smart Simulation Diagnosis System Data Augmentation Validation Training WeRide GENESIS
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NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE NOTES START FROM HERE AND GROW UP 0 223 218 0 200 200 206 235 255 158 214 255 109 194 255 12 153 255 15 This document or the information contained herein is not intended to and does not constitute any offer or invitation, solicitation, commitment or advertisement of any offer for subscription, purchase or sale of any securities, nor shall any part of this document form the basis of or be relied on in connection with any contract or commitment whatsoever. HPC 3.0 Release – Powering Scalable Robotaxi Service End game Robotaxi - GXR 15 Features 2,000 TOPS NVIDIA Thor x 2 AI Compute 50% Cost Reduction Compared to last generation AD kit 100% Automotive Grade From components to vehicle Full Redundancy SoC, MCU, sensors, communication, power system Reliability ✓ AEC-Q100 ✓ ISO 26262 ✓ IATF 16949 Qualifications Commercial Value Durability -40°C to 85°C operating temperature Failure rate under 50 FIT(1) Note: 1. 50 FIT represents less than 50 failures per billion hours World’s first mass-produced robotaxi building on NVIDIA Thor