两大自动驾驶龙头 同日获港股IPO备案
Shang Hai Zheng Quan Bao·2025-10-14 13:54

Core Insights - WeRide Inc. and Pony AI Inc. have received approval from the China Securities Regulatory Commission (CSRC) for their overseas listings in Hong Kong, indicating a growing trend of Chinese autonomous driving companies seeking international capital markets [1][6]. WeRide Inc. (文远知行) - WeRide plans to issue up to 102,428,200 shares for its listing on the Hong Kong Stock Exchange [1]. - The company reported a revenue of 127 million yuan (approximately 17.5 million USD) in Q2 2025, marking a year-on-year increase of 60.8% [3]. - The revenue from its autonomous taxi business reached 45.9 million yuan (approximately 6.3 million USD), a significant increase of 836.7% year-on-year, setting a new quarterly record since its establishment [3]. - WeRide has expanded its global presence, having obtained autonomous driving licenses in seven countries and operating in over 30 cities across 11 countries [2][3]. Pony AI Inc. (小马智行) - Pony AI plans to issue up to 102,146,500 shares for its listing on the Hong Kong Stock Exchange [1]. - The company reported total revenue of 154 million yuan (approximately 21.5 million USD) in Q2 2025, reflecting a year-on-year growth of 75.9% and a quarter-on-quarter increase of 53.5% [8]. - Pony AI's Robotaxi business generated revenue of 10.9 million yuan (approximately 1.5 million USD) in Q2 2025, with a year-on-year growth of 157.8%, driven by increased user demand and expansion of its operational fleet [8]. - The company has established operations in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, covering over 2,000 square kilometers [8]. Industry Trends - The autonomous driving industry is experiencing rapid growth, with significant policy support from various cities in China, including the issuance of new operational licenses and standards [11][12]. - The global autonomous driving market is projected to reach approximately 273.8 billion USD by 2025, growing from about 158.3 billion USD in 2023, indicating a compound annual growth rate of nearly 30% [13].