Overview
- China’s securities regulator accepted registration filings from Pony.ai and WeRide, clearing them to issue new shares in Hong Kong within 12 months.
- CSRC disclosures indicate each company can offer about 102 million new shares for their Hong Kong listings.
- Based on recent U.S. share prices, Pony.ai could raise up to roughly $2.3 billion and WeRide about $1.1 billion, according to reporting on the filings.
- Both companies already run level‑4 robotaxis in parts of China and are pursuing overseas pilots, with broader approvals outside China still pending.
- WeRide has engaged Morgan Stanley and China International Capital Corporation for the listing process, and both firms have partnerships with Uber contingent on regulatory clearance.