WeRide Inc.(US:WRD) Zheng Quan Shi Bao Wang·2025-10-14 12:43Core Viewpoint - The approval of listing applications for Pony AI Inc. and WeRide Inc. in Hong Kong marks a significant step for leading Robotaxi companies, indicating a dual listing strategy in both US and Hong Kong markets [1][2]. Company Summaries Pony AI Inc. (小马智行) - Founded in 2016, Pony AI focuses on providing safe and advanced full-stack autonomous driving technology, aiming to revolutionize future transportation methods [2]. - The company plans to issue up to 102 million ordinary shares for its listing on the Hong Kong Stock Exchange, having previously listed on NASDAQ in November 2024 [1]. - As of mid-August 2025, Pony AI has deployed over 500 Robotaxi vehicles in major Chinese cities and expanded operations to seven countries, including the US and UAE [2]. WeRide Inc. (文远知行) - Established in 2017, WeRide is a leading autonomous driving technology company operating in 30 cities across 11 countries, with over 2,200 days of operational experience [1]. - The company also plans to issue up to 102 million ordinary shares for its Hong Kong listing, having listed on NASDAQ in October 2024 [1]. - WeRide has developed a product matrix that includes Robotaxi, Robobus, Robovan, and autonomous sanitation vehicles, entering the commercial operation phase [1]. Industry Insights - The Robotaxi industry is categorized into two main types of players: pure L4 companies like Pony AI and WeRide, and automotive manufacturers with advanced driving capabilities [3]. - According to Frost & Sullivan, the global passenger mobility market is approximately $4.417 trillion, with a potential Robotaxi market size of around $63 billion if a 20% penetration rate is achieved [3]. - The Robotaxi service market is expected to reach $66.6 billion by 2030 and $352.6 billion by 2035, indicating significant growth potential in the autonomous driving sector [3].