自动驾驶“双雄”竞速港股IPO

Core Insights - The approval of the dual listing for autonomous driving companies WeRide and Pony.ai on the Hong Kong Stock Exchange marks a significant step in their "US + HK" listing strategy, reflecting a shift in the autonomous driving industry from "technology validation" to "scale implementation" [1][2] Company Summaries - WeRide plans to issue up to 102.4 million ordinary shares, while Pony.ai plans to issue up to 102.1 million ordinary shares on the Hong Kong Stock Exchange, following their previous listings on NASDAQ [2] - WeRide, established in 2017, operates in 30 cities across 11 countries, holding multiple autonomous driving licenses, while Pony.ai, founded in 2016, focuses on full-stack autonomous driving technology and has expanded its Robotaxi fleet to various countries [2][3] - Despite both companies currently operating at a loss, they have shown strong revenue growth, with WeRide achieving revenue of 127 million yuan in Q2 2025, a 60.8% year-on-year increase, and Robotaxi business revenue reaching 45.9 million yuan, up 836.7% [2][3] Industry Trends - The approval of the IPOs is accelerating the global expansion of WeRide and Pony.ai, with WeRide launching an autonomous ride-hailing service in Singapore and obtaining an L4 autonomous driving testing license in Belgium [4] - Pony.ai has received road testing permits in Dubai and plans to achieve fully autonomous commercial operations by 2026, with its global Robotaxi fleet expected to exceed 1,000 vehicles by the end of the year [4] - The Robotaxi industry is at a critical commercialization juncture, with increasing policy support and market demand, indicating significant growth potential in the Chinese Robotaxi market [5]