WeRide Vows to Boost Spending to Bring Robotaxis to the World

WeRide Inc. plans to ramp up spending, even as it continues to post losses, as the Chinese autonomous driving company bets that its ambitious international expansion plans will eventually see it reach profitability.

“We are never hesitant in investing in cloud computing, AI computing infrastructure and AI talent,” founder and Chief Executive Officer Tony Han said in an interview on Friday. “We are determined to spend and build out our sales network” and work with other firms to push for expansion, he said.