Pony.ai and WeRide have received a key approval from Chinese securities regulators that clears the way for a secondary listing on Hong Kong’s stock exchange for autonomous vehicle technology companies.
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 a trend of Chinese companies that have pursued a secondary listing.
Pony.ai and WeRide said the China Securities Regulatory Commission (CSRC) issued a notice approving their proposed listing. Regulatory filings US Securities and Exchange Commission report. The CSRC has the final authority to decide whether a company can go public overseas.
Both the companies seem ready to move forward with their respective proposed global offerings and listings. Wired has hired Morgan Stanley and China International Capital Corp to work on a dual initial listing in Hong Kong, Reuters reported, citing unnamed sources. WeRide plans to roll out the list in December.