Pony.ai Lists on HKEX, Ushering in a New Era of Scaled Commercialization in Autonomous Driving

Core Insights - Pony.ai has officially listed on the Main Board of the Hong Kong Stock Exchange, marking the largest IPO in the autonomous driving sector for 2025, with expected total proceeds of HK$7.7 billion [1] - The company has established a dual-primary listing structure with its previous NASDAQ listing under the ticker "PONY" [2] - The CEO emphasized the significance of this listing as a step towards large-scale commercialization of autonomous driving technologies [3] Company Overview - Founded in 2016, Pony.ai focuses on delivering autonomous driving technologies and solutions for global mobility and logistics markets [3] - The company holds fully driverless Level 4 commercial robotaxi service permits in all four Tier-one cities in China: Beijing, Shanghai, Guangzhou, and Shenzhen [3] - Pony.ai has accumulated over 55 million kilometers of autonomous driving mileage across various geographies [3] Technological Advancements - In April 2025, Pony.ai introduced three Gen-7 Robotaxi models, achieving over 70% reduction in bill-of-materials (BOM) costs compared to previous generations, with computing unit costs down by 80% and solid-state LiDAR costs reduced by 68% [4] - The advancements in technology lay a solid foundation for large-scale production and commercial deployment [4] Global Expansion Strategy - Pony.ai is actively expanding its presence in key international markets, including Europe, East Asia, and the Middle East [5] - The company is building a localized ecosystem by partnering with local governments, industry leaders, and technology innovators to advance Level 4 autonomous driving technologies [5] Future Outlook - The dual-primary listing is seen as a pivotal step in Pony.ai's capital strategy and long-term development commitment [6] - The company aims to leverage its technological capabilities and experience in fully driverless operations to accelerate the commercialization of autonomous driving and establish a sustainable path to profitability for the industry [6]