WeRide (WRD) Soars 14.7% on Strong Q3

We recently published 10 Stocks Stealing Wall Street Spotlight. WeRide Inc. (NASDAQ:WRD) is one of the best-performing stocks on Monday.

WeRide saw its share prices grow by 14.72 percent on Monday to close at $8.26 apiece as investors cheered its strong performance in the third quarter of the year.

In an updated report, WeRide Inc. (NASDAQ:WRD) said it narrowed its net loss attributable to shareholders by 70 percent to 307 million yuan from 1.04 billion yuan in the same period last year.

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Revenues, on the other hand, increased by 144 percent to 170.98 million yuan from 70 million yuan in the same comparable period, primarily driven by its continued global fleet expansion and increasing service penetration.

Of the total, revenues from products and services soared by 428 percent and 66.9 percent, respectively.

As of the third quarter, WeRide Inc. (NASDAQ:WRD) now operates more than 1,600 vehicles, of which nearly 750 are robotaxis.

It was also able to expand into eight countries, the latest being Switzerland, after securing the latter’s driverless permit approval just this month, authorizing it to operate autonomously on public roads in the Furttal region in the Canton of Zurich.

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Disclosure: None. This article is originally published at Insider Monkey.