#China #Hong Kong #Autonomous Driving #HKEX #Pony.ai

Pony.ai Achieves Significant HKEX Listing

In a groundbreaking moment for the autonomous driving sector, Pony.ai (2026.HK) has officially been listed on the Main Board of the Hong Kong Stock Exchange (HKEX). This move not only highlights the company's progress but also marks a pivotal moment in the commercialization of self-driving technologies. Pony.ai executed a Hong Kong IPO that allowed it to issue approximately 48.25 million shares. By fully exercising the offer size adjustment option, Pony.ai anticipates raising around HK$7.7 billion, potentially setting the stage for it to lead the world in 2025's autonomous driving IPOs.

This dual-primary listing follows Pony.ai’s successful NASDAQ debut in November 2024, where it traded under the ticker symbol 'PONY.' The development presents a significant advancement for the company, as it establishes a solid footing in both the U.S. and Hong Kong capital markets.

Reflections on a Journey

Dr. James Peng, the Founder and CEO of Pony.ai, remarked on this achievement, stating, "After nearly nine years of relentless innovation and exploration, Pony.ai stands on the brink of large-scale commercialization in autonomous driving. Our Hong Kong listing is not just a major milestone in our capital strategy, but it also connects us with global markets and resources. We are incredibly grateful to our partners, employees, and everyone who has supported us throughout this journey."

Pony.ai's Co-founder and CTO, Tiancheng Lou, also shared insights, emphasizing the significance of this moment as a transition from technological exploration to full-scale commercial operations. According to Lou, the company aims to revolutionize mobility services through innovative autonomous driving technologies, laying the groundwork for efficiency and safety in transportation.

Industry Leadership and Innovations

Founded in 2016, Pony.ai has emerged as a leader in the commercialization of autonomous driving, holding the distinction of being the only company with fully driverless Level 4 commercial robotaxi permits across China's major cities: Beijing, Shanghai, Guangzhou, and Shenzhen. In total, Pony.ai has amassed over 55 million kilometers in autonomous driving mileage, showcasing its capability in real-world applications.

In April 2025, Pony.ai introduced three Gen-7 Robotaxi models, developed in collaboration with industry giants Toyota, BAIC, and GAC. This endeavor represented a significant leap in cost efficiency, with the bill-of-materials costs for the Gen-7 platform dropping by over 70%. These advancements reflect Pony.ai's commitment to making autonomous vehicles both effective and economically viable for large-scale production and deployment.

Expansion and Future Prospects

As the company looks towards the future, it is actively expanding its global footprint by targeting key international markets in Europe, East Asia, and the Middle East. By forging partnerships with local governments and industry trailblazers, Pony.ai is building a robust localized ecosystem that promotes the development and deployment of Level 4 autonomous driving technologies.

Pony.ai’s dual-primary listing not only solidifies its position in the market but also reiterates its dedication to long-term growth and sustainability. Leveraging its ground-breaking technology and extensive experience in driverless operations, the company is forging a clear path towards the commercialization of autonomous driving while laying the foundation for a profitable future for the industry as a whole.

Pony.ai's successful IPO is more than just a financial achievement; it symbolizes a revolution in the transportation landscape and a commitment to advancing safe, reliable, and efficient mobility solutions across the globe. As the company embarks on this new chapter, the journey ahead promises considerable innovation and development in the autonomous driving space.