Core Viewpoint - Pony.ai and WeRide have received approval from China's securities regulator for secondary listings in Hong Kong, aiming to raise funds and expand globally [1][2] Group 1: Company Listings - Both Pony.ai and WeRide have filed to issue and list shares in Hong Kong, with each company able to issue approximately 102 million new shares [2] - WeRide has engaged Morgan Stanley and China International Capital Corporation for its listing efforts [3] - Pony.ai's CEO indicated that a Hong Kong listing would provide "close proximity" to the Chinese market, appealing to investors [3] Group 2: Market Context - The move for dual listings comes amid a resurgence in Hong Kong's IPO market, with more Chinese companies seeking secondary listings [4] - The autonomous vehicle sector is expanding into new regions, including the Middle East, Europe, and parts of Asia, although full operational approvals for robotaxis in these areas are still pending [5] Group 3: Operational Developments - In the U.S., both companies have partnered with Uber to deploy their robotaxis on the ride-hailing platform, pending approval [6] - In China, Pony.ai and WeRide have commenced operations of fully autonomous robotaxis in major cities, accessible via their apps [6] Group 4: Stock Performance - Pony.ai launched its IPO in November at $13 per share, with a stock price increase of over 60% since then [7] - WeRide debuted on the Nasdaq with an IPO price of $15.50 per share in October 2024, but its stock has decreased by over 30% [7]

来源：市场资讯 （来源：明见局） 作为研发密集型行业的代表，小马智行此次回港动作或与自身"营收高增但亏损扩大"的财务现状直接相 关——2025年二季度营收同比增75.9%，但净亏损同比扩大72.49%，也折射出2025年自动驾驶赛道融资 回暖背景下，头部企业对资本储备的迫切需求。 10月14日，中国证券监督管理委员会正式确认小马智行（Pony AI Inc.）境外发行上市备案信息，明确 其拟发行不超过102,146,500股普通股并登陆香港联合交易所。 这一进展距其2024年11月以"全球Robotaxi第一股"身份在纳斯达克挂牌上市尚不足一年，若顺利落地， 小马智行将成为自动驾驶领域少数实现"美+港"双重上市架构的企业。 备案落地，双重上市有了关键进展 10月14日，中国证监会发布的备案通知书传来明确信号：小马智行境外发行上市备案信息已获确认，这 意味着其回港上市计划跨过了核心监管门槛。 | | 中国证券监督管理委员会 CHINA SECURITIES REGULATORY COMMISSION | | | | | 第10人共保子 | | Q | | --- | --- | --- | --- | --- ...

Core Viewpoint - The Chinese Securities Regulatory Commission has issued notices for the overseas listing of Pony AI Inc. and WeRide Inc., indicating a significant step in the Robotaxi industry's growth potential in China [1] Group 1: Company Developments - Pony AI plans to issue up to 102,146,500 shares for listing on the Hong Kong Stock Exchange, while WeRide aims to issue 102,428,200 shares [1] - WeRide went public on NASDAQ in October 2024, with an initial offering price of $15.50 per share, raising $320 million through a private placement [1] - Pony AI followed suit by listing on NASDAQ in November 2024 [1] Group 2: Financial Performance - WeRide reported Q2 2025 revenue of 127 million yuan, a year-on-year increase of 60.8%, but a net loss of 301 million yuan, widening by 72.2% [2] - Pony AI's Q2 2025 revenue was 154 million yuan, up 75.9% year-on-year, with a net loss of 380 million yuan, also expanding by 72.5% [2] - Both companies have been included in the NASDAQ China Golden Dragon Index, reflecting market recognition despite ongoing losses [2] Group 3: Market Trends and Opportunities - The Robotaxi industry is experiencing a critical turning point, with significant market growth potential driven by supportive policies in China [1] - The commercial rollout of Robotaxi services is accelerating, with Pony AI and WeRide expanding their operations internationally, including in Dubai and Singapore [2][3] - Recent regulatory changes in Hong Kong have created a favorable environment for tech IPOs and the return of Chinese companies to the market [3]

Group 1 - The core point of the article is that Pony AI Inc. has made significant progress in its plan for a dual listing in Hong Kong and the U.S., with a filing for overseas issuance and listing submitted to the China Securities Regulatory Commission [1] - Pony AI plans to issue up to 102,146,500 shares for its listing on the Hong Kong Stock Exchange, following its successful listing on NASDAQ in November 2024, making it the world's first publicly traded Robotaxi company [1] - In Q2, Pony AI reported total revenue of 154 million RMB (21.5 million USD), representing a year-on-year increase of 75.9% and a quarter-on-quarter increase of 53.5% [1] Group 2 - The CEO of Pony AI, Peng Jun, expressed confidence in achieving a fleet size of 1,000 Robotaxi vehicles by the end of the year, with over 500 vehicles currently in operation and plans for expansion in major cities [2] - Notably, at least 14 top international institutions increased their holdings in Pony AI's stock in Q2, including Fidelity Investments and Wellington Management [2] - The ARKQ fund, managed by Cathie Wood, has made multiple investments in Pony AI, purchasing shares shortly after the Q2 earnings report and continuing to add to its position [2][3] Group 3 - Baillie Gifford has also recently chosen to increase its stake in Pony AI, indicating growing recognition of the Robotaxi's potential and the company's competitive advantages in technology and business model [3] - Over the past month, Pony AI's stock price has surged by more than 48%, reflecting positive market sentiment [4]

Core Viewpoint - The China Securities Regulatory Commission has confirmed the overseas listing registration information for Pony.ai, indicating significant regulatory progress for the company's plan to list in Hong Kong [1] Group 1: Company Developments - Pony.ai plans to issue no more than 102,146,500 ordinary shares for overseas listing and aims to list on the Hong Kong Stock Exchange [1] - The company completed its listing on NASDAQ in November 2024 under the ticker "PONY," becoming the world's first publicly traded Robotaxi company [1] - If the Hong Kong listing proceeds smoothly, Pony.ai will establish a dual listing structure in both the U.S. and Hong Kong [1]

10月14日，南方财经记者获悉，中国证券监督管理委员会14日发布的文件显示，Pony.ai（小马智行）境外发行上市备案信息得到确 认。公司拟发行不超过102,146,500股境外上市普通股，并在香港联合交易所上市。 该公司已于2024年11月以"PONY"为代码在纳斯达克完成上市，成为全球Robotaxi第一股。此次备案标志其回港上市计划已获关键 监管进展。若此次港股上市顺利落地，总部位于广州南沙的小马智行将形成"美+港"双重上市架构。 图/IC 记者丨朱治宣 编辑丨蒋韵 SFC 出品丨21财经客户端 21世纪经济报道 编辑丨黎雨桐 2 1君荐读 大量iPhone17无法激活，苹果服务器罕见崩溃，回应来了 43岁也能考公了，35岁上限被打破，背后信号很大 亚太股市集体跳水，恒生科技指数跌超3%，虚拟货币20万人爆仓 ...

Core Viewpoint - The China Securities Regulatory Commission has confirmed the overseas listing registration information for Pony.ai, marking a significant regulatory advancement for the company's plan to list in Hong Kong [1] Group 1: Company Developments - Pony.ai plans to issue no more than 102,146,500 ordinary shares for overseas listing and aims to list on the Hong Kong Stock Exchange [1] - The company has already completed its listing on NASDAQ under the ticker "PONY" in November 2024, becoming the world's first publicly traded Robotaxi company [1] - If the Hong Kong listing proceeds smoothly, Pony.ai will establish a dual listing structure in both the US and Hong Kong [1]

若此次港股上市顺利落地，小马智行将形成"美+港"双重上市架构。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，中国证监会国际合作司于10月14日披露《关于Pony AI Inc.（小马智行股份有 限公司）境外发行上市备案通知书》。 本次备案标志其回港上市计划已获关键监管进展。若此次港股上市顺利落地，小马智行将形成"美 +港"双重上市架构——根据公告，小马智行拟发行不超过102,146,500股境外上市普通股，并在香 港联合交易所上市。2024年11月，小马智行以"PONY"为代码在纳斯达克完成上市，成为全球 Robotaxi第一股。 同时， 柏基资本（Baillie Gifford）亦于不久前选择加仓小马智行。 某种程度上而言，随着Robotaxi的愈发被认可，兼具技术壁垒和商业模型优势的小马智行正成为全 球资本配置未来出行乃至整个科技产业的重要标的。 反映在股价 上， 过去一个月，小马智行的股价上涨超48% 。 本文由公众号IPO早知道（ID：ipozaozhidao）原创撰写，如需转载请联系C叔↓↓↓ 根据小马智行稍早些时候发布的二季度财报， ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 中国证券监督管理委员会10月14日发布的文件显示，Pony.ai(小马智行)境外发行上市备案信息得到确 认。公司拟发行不超过102,146,500股境外上市普通股，并在香港联合交易所上市。该公司已于2024年11 月以"PONY"为代码在纳斯达克完成上市，成为全球Robotaxi第一股。此次备案标志其回港上市计划已 获关键监管进展。若此次港股上市顺利落地，小马智行将形成"美+港"双重上市架构。 (责任编辑：宋政 HN002) ...

中国证券监督管理委员会10月14日发布的文件显示，小马智行(PONY.US)境外发行上市备案信息得到确认。公司拟发行不超过102,146,500股境外上市普通 股，并在香港联合交易所上市。该公司已于2024年11月以"PONY"为代码在纳斯达克完成上市，成为全球Robotaxi第一股。此次备案标志其回港上市计划已 获关键监管进展。若此次港股上市顺利落地，小马智行将形成"美+港"双重上市架构。 ...