Self-driving car companies Pony.ai and WeRide have received approval to list in Hong Kong

Pony.AI and WeRide have received key approval from Chinese securities regulators, paving the way for self-driving vehicle technology companies to pursue secondary listings on the Hong Kong Stock Exchange.

The two Chinese companies, which are based in Guangzhou, are already publicly traded in the United States on the Nasdaq exchange. WeRide made its public debut in October 2024, followed by Pony.AI a month later.

Now, both Pony.ai and WeRide are aiming to sell shares on the Hong Kong Stock Exchange, following a trend of Chinese companies seeking a secondary listing.

Pony.ai and WeRide said the China Securities Regulatory Commission had issued a notice approving their proposed listing, Reuters reported. Regulatory filings Reported to the US Securities and Exchange Commission. The CSRC has the final authority to determine whether a company can go public abroad.

Both companies appear ready to move forward with their respective bids and proposed global listings. WeRide has hired Morgan Stanley and China International Capital Corp to work on an initial dual listing in Hong Kong, Reuters reported, citing anonymous sources. WeRide plans to complete the list in December.