Pony.AI and WeRide have received a key approval from Chinese securities regulators, clearing the way for autonomous vehicle technology companies to pursue secondary listings on the Stock Exchange of Hong Kong.
The Chinese companies, both based in Guangzhou, are already publicly traded on the Nasdaq exchange in the US. WeRide made its public debut in October 2024, and Pony.AI followed a month later.
Now, Pony.ai and WeRide are each aiming to sell shares on the Hong Kong exchange, following the trend of Chinese companies that have attempted secondary listings.
Pony.ai and WeRide said the China Securities Regulatory Commission had issued a notice approving their proposed listing. regulatory filing Reported to the US Securities and Exchange Commission. The CSRC has the final authority to determine whether a company can go public overseas.
Both companies appear ready to move ahead with their respective proposed global offerings and listings. Reuters, citing unnamed sources, reported that WeRide has hired Morgan Stanley and China International Capital Corp to work on a dual primary listing in Hong Kong. WeRide plans to complete the listing in December.
