Self-driving car companies Pony.ai and WeRide get the OK for Hong Kong listing

Pony.ai and WeRide, two autonomous vehicle technology companies based in Guangzhou, China, have received approval from the China Securities Regulatory Commission (CSRC) to pursue secondary listings on the Hong Kong Stock Exchange. Both companies are already publicly traded on the Nasdaq Exchange in the United States, with WeRide going public in October 2024 and Pony.ai following in November 2024. This move aligns with a broader trend of Chinese firms seeking secondary listings in Hong Kong to diversify their investor base and enhance market presence. The CSRC’s approval is a crucial step, as it holds the final authority over overseas public listings for Chinese companies. Following this clearance, both Pony.ai and WeRide appear poised to proceed with their planned global offerings. Reports indicate that WeRide has engaged Morgan Stanley and China International Capital Corp to manage a dual primary listing in Hong Kong, targeting completion by December 2025. This development underscores the growing momentum of autonomous vehicle companies expanding their capital market access amid increasing investor interest in the