Autonomous-driving firms Pony AI Inc and WeRide Inc have received approval from the Chinese mainland securities regulator to list shares in the Hong Kong Special Administrative Region.
Both companies, which went public last year, received approval to list about 102 million shares each in the SAR, the China Securities Regulatory Commission said in separate statements dated Tuesday.
The two Guangzhou-based firms, already listed in the US, are part of a growing cohort of Chinese companies seeking second listings in Hong Kong, which is on track to record its highest initial public offering proceeds in four years.
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Pony AI’s American depositary receipts have gained 71 percent since their debut in November 2024, while WeRide’s have declined 31 percent since October 2024.
Hesai Group, which makes lidar sensors used in cars, in September became the first US-listed Chinese firm to debut in Hong Kong amid delisting risks.
Hotel operator Atour Lifestyle Holdings Ltd is also weighing a second float in Hong Kong, Bloomberg News reported in August.
