- Pony.ai and WeRide approved for secondary listings in Hong Kong.
- Dual listings support global expansion and investor access.
- Pony.ai shares up 60%, WeRide down 30%; new listing may stabilize growth.
Chinese autonomous driving firms Pony.ai and WeRide are set to expand their reach with secondary listings in Hong Kong, signaling growing investor interest in robotaxi technology.
Hong Kong Listings Approved
China’s securities regulator, the China Securities Regulatory Commission (CSRC), has approved filings from Pony.ai and WeRide for secondary listings in Hong Kong. The move allows both companies to issue roughly 102 million new shares each. This step positions them to raise fresh capital and attract investors closer to their home market.
Pony.ai CEO James Peng emphasized that Hong Kong offers “close proximity” to China, making it an appealing destination for both the company and potential shareholders. WeRide has engaged Morgan Stanley and China International Capital Corporation to support its listing process.
Dual Listings and Global Expansion
Both firms are already listed in the U.S., but Hong Kong offers an additional platform to bolster capital and visibility. This strategy aligns with their broader goal of global expansion, including ambitions in the Middle East, Europe, and Southeast Asia, particularly Singapore.
In the U.S., Pony.ai and WeRide are partnering with Uber to deploy robotaxis once regulatory approvals are obtained. In China, they operate fully autonomous robotaxis in major cities, accessible via their apps. Despite their progress, their fleets remain smaller than industry leaders such as Baidu’s Apollo Go and Alphabet’s Waymo.
Market Performance and Outlook
Pony.ai’s IPO in November saw shares priced at $13 each, with stock climbing more than 60% since its debut. By contrast, WeRide’s October 2024 Nasdaq IPO opened at $15.50, but shares have dropped over 30%. The Hong Kong listings may provide both firms with a fresh opportunity to stabilize and boost investor confidence.
Also Read: Chinese EV Makers Disrupt Europe’s Auto Giants at IAA Mobility 2025
Pony.ai and WeRide’s secondary Hong Kong listings reflect a broader trend of Chinese tech companies seeking dual-market access to fund growth. As autonomous driving technology expands globally, these listings could be key to scaling operations and increasing market influence.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
