Overview
- Pony.ai raised HK$6.71 billion and WeRide secured HK$2.39 billion in Hong Kong listings that provide fresh funding for autonomous driving expansion.
- Pony.ai shares fell about 11–12% to HK$124, while WeRide slipped 7.8% to HK$24.98 in early trading on the Hong Kong Stock Exchange.
- Both companies say proceeds will support scaling toward Level 4 autonomy, with WeRide’s CEO citing investments in AI capabilities and data center capacity.
- Pony.ai allocated 48.25 million shares, with 8.7% sold to retail investors, a public tranche about 15.9 times subscribed, and backing from cornerstone institutions.
- Analysts view the dual listings as risk management to tap Asia-based capital given U.S. scrutiny and unresolved Western approvals, as the firms pursue pilots in the Middle East, Europe and Singapore under tight rules on Chinese tech in connected vehicles.