Pony.AI and WeRide have received a key approval from Chinese securities regulators. This clearance allows the autonomous vehicle technology companies to pursue secondary listings on the Stock Exchange of Hong Kong.
Both companies are based in Guangzhou and are already publicly traded in the United States on the Nasdaq Exchange. WeRide made its public debut in October 2024, and Pony.AI followed one month later.
Now, Pony.AI and WeRide are each aiming to sell shares in Hong Kong. This move follows a trend of Chinese companies pursuing a secondary listing.
The companies stated that the China Securities Regulatory Commission issued a notice approving their proposed listing. The CSRC holds the final authority to determine whether a company can go public overseas.
Both companies appear ready to proceed with their respective proposed global offering and listing. According to reports, 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.