WeRide Intelligent Driving Business

WeRide cooperates with Bosch to develop ADAS system, mainly providing L2+ and future L3 autonomous driving technology. The company makes profits through software licensing model, with a unit price of 12,000 yuan, which only includes software technology solutions, excluding hardware costs, and is expected to drop to 8,000 yuan next year. The company plans to achieve revenue growth through L2+ products, and ADAS system is expected to increase by at least 70-80% next year. It has cooperated with Chery for mass production, and plans to cooperate with European car manufacturers such as Mercedes-Benz and Volkswagen.