谁将成为“Robotaxi港股第一股”？

Core Insights - Pony AI Inc. and WeRide Inc. have successfully passed the Hong Kong Stock Exchange hearing, marking a significant milestone in their IPO process [1] - Both companies are set to go public in the U.S. in 2024, with their dual listing in Hong Kong seen as a strategic move to broaden financing channels [1] - The China Securities Regulatory Commission issued a notice for both companies' overseas issuance and listing, with Pony AI planning to issue up to 102,146,500 shares and WeRide up to 102,428,200 shares [1] Company Comparisons - Both companies share similarities in their founding teams and technological focus, having been established just a year apart, with Pony AI founded in 2016 and WeRide in 2017 [2] - Pony AI focuses on Robotaxi services and has partnerships with major automotive companies, while WeRide has diversified into five product lines including Robotaxi, Robobus, and Robovan [3] - In terms of revenue, WeRide reported Q2 2025 revenue of 127 million yuan, a 60.8% year-on-year increase, while Pony AI's revenue for the first half of 2025 reached 35.43 million USD (approximately 251 million yuan), a 43.3% increase [3] Financial and Investment Insights - WeRide's Robotaxi business saw a remarkable revenue growth of 836.7% in Q2 2025, contributing 36.1% to its total revenue [3] - Pony AI's Robotaxi revenue surged by 178.8% in the first half of 2025, amounting to 3.256 million USD (approximately 23.1 million yuan) [3] - WeRide has secured significant investments from major players like Uber, which has committed to invest 100 million USD, and has also attracted investments from Nvidia, Bosch, Renault, and Nissan [5] Market Outlook - The dual IPOs are expected to enhance financing capabilities and attract more investors from the Asian market, while also providing a buffer against geopolitical risks [7] - The global Robotaxi service market is projected to reach 66.6 billion USD by 2030, with a compound annual growth rate of 195.6% from 2025 to 2030 [7] - As leaders in the commercialization of Robotaxi services, both companies are positioned to benefit from the industry's growth and market opportunities [7]