Weyn Zhixing’s 2026 Q2 financial report clearly outlines the strategic landscape in which L4, L2, and three major overseas growth engines work in tandem. Driven by these three forces together, the company’s revenue has surged strongly. Most striking is the overseas business: overseas revenue jumped 164% year over year and grew 169% quarter over quarter. Not only has it become the core engine with the fastest growth, it also formally signals that the “asset-light going global” strategy has entered a new phase of large-scale commercial realization.

As a cornerstone engine, L4-level autonomous driving continues to expand operational advantages. At present, in multiple key domestic cities, Robotaxis and Robobuses have been providing fully driverless, free-of-charge ride services as a routine offering. The operating footprint and fleet size are steadily growing, and the vast amount of data generated from complex real-world scenarios continually strengthens the company’s technical moat and its ability to monetize commercially.

The L2-assisted driving engine will accelerate into a breakthrough surge. As a high-end assisted driving solution targeting the front-installed mass-production market, it has already secured production designations from multiple leading automakers. Within the year, it will be officially launched on multiple models, opening up an imaginative second growth curve. Benefiting from efficient reuse and synergy with the L4 technology stack, this business is expected to significantly enhance the marginal efficiency of R&D investment and enable large-scale deliveries.

As the third engine, the overseas business demonstrates strong momentum and sustainability. To date, WeRide has expanded its operations to 13 countries and more than 60 cities worldwide, covering three high-value markets: Europe, the Middle East, and Asia. In Europe, the Robotaxi projects have been rolled out and put into operation one after another, accumulating extensive experience in urban road conditions. In the Middle East, pure fully driverless autonomous driving operations have continued to expand, achieving regular, fee-based services and earning regulatory and user approval. The company also plans to deploy right-hand-drive Robotaxi services first in Singapore and Hong Kong, further unlocking the premium mobility market in Asia-Pacific. These overseas projects feature high gross margins, asset-light characteristics, and significant marginal economic benefits. They not only contribute substantial incremental revenue but are also expected to grow into a stable cash flow and core profit center.

More importantly, the overseas revenue growth is not driven by one-time deliveries, but by multi-location, ongoing commercial operations. It is sustainable and replicable. By exporting end-to-end autonomous driving technology solutions and a mature operations management system, the company can rapidly tap into the global market with relatively light capital input, continuously validating the advantages of the asset-light model and its cross-regional replication capabilities.

With all three engines—L4, L2, and overseas—working in tandem, the overseas revenue share is rising rapidly, creating a positive feedback loop with the company’s overall gross margin optimization. As L2 front-installed mass production moves into a fast lane, more overseas cities will enter official operations, making Waymo? sorry—W e i? (文远知行)’s global commercialization network increasingly dense. The combined force of the three growth engines is driving the company to accelerate toward its goal of becoming a leading global autonomous driving player.