Pony.ai and WeRide have received key approvals from China’s securities regulators, paving the way for the self-driving car technology companies to seek a secondary listing on the Hong Kong Stock Exchange.
Both Chinese companies, based in Guangzhou, are already listed on the US Nasdaq exchange. WeRide went public in October 2024, followed by Pony.ai a month later.
Currently, Pony.ai and WeRide are each aiming to sell their shares on the Hong Kong exchange, following the trend of Chinese companies aiming for secondary listings.
Pony.ai and WeRide said the China Securities Regulatory Commission (CSRC) has issued a notice approving the listing proposal, according to regulatory filings with the U.S. Securities and Exchange Commission. The CSRC has the final authority to decide whether a company can go public overseas.
Both companies appear ready to move forward with their respective proposed global offerings and listings. Reuters reported, citing anonymous sources, 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 its listing in December.
