Autonomous vehicle technology companies Pony.ai and WeRide have secured approval from Chinese securities regulators, allowing them to pursue secondary listings on the Stock Exchange of Hong Kong.
Both companies are headquartered in Guangzhou and are already publicly traded on the Nasdaq in the United States. WeRide went public in October 2024, followed by Pony.ai in November 2024.
The approval from the China Securities Regulatory Commission clears the way for the companies to sell shares in Hong Kong, following a growing trend of Chinese firms seeking secondary listings abroad. The CSRC has the final authority to approve overseas public offerings.
Regulatory filings reported to the U.S. Securities and Exchange Commission confirm that both Pony.ai and WeRide have received the notice from the CSRC approving their proposed Hong Kong listings. This step signals that both companies are prepared to move forward with their respective global offerings.
WeRide has reportedly engaged Morgan Stanley and China International Capital Corp. to manage a dual primary listing in Hong Kong, with plans to complete the listing by December, according to anonymous sources cited by a news agency.
The move will allow both Pony.ai and WeRide to expand their investor base and raise additional capital while strengthening their presence in Asian markets. These secondary listings reflect the growing international interest in autonomous vehicle technology and the strategic value of dual-market listings for Chinese tech companies.
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