Pony.ai moves toward dual listing with Hong Kong IPO filing

Shanghai (Gasgoo)- Pony.ai is preparing for a secondary listing in Hong Kong, marking another major step in its global expansion. On October 14, China's securities regulator confirmed the filing for Pony.ai's planned issuance of up to 102 million ordinary shares on the Hong Kong Stock Exchange.

The autonomous driving technology company was listed on the Nasdaq in November 2024. If its Hong Kong debut proceeds smoothly, Pony.ai will establish a dual listing structure spanning both the U.S. and Hong Kong markets—a move aimed at broadening its investor base and strengthening capital access.

Reports earlier this year revealed that Pony.ai had already filed its Hong Kong listing application confidentially, seeking additional funds to accelerate its R&D and commercialization efforts. While the company has yet to disclose the fundraising target, industry observers expect the proceeds to support global expansion and next-generation autonomous driving systems.

As a frontrunner in China's autonomous driving industry, Pony.ai is best known for developing a "virtual driver" platform for Robotaxi and Robotruck applications. Since launching its Robotaxi service in 2018, the company has obtained all necessary regulatory approvals to operate in Beijing, Shanghai, Guangzhou, and Shenzhen.

Its global footprint has also grown rapidly. Pony.ai has expanded into Dubai, South Korea, Singapore, Luxembourg, and Qatar, establishing partnerships to advance pilot operations.

This May, it teamed up with Uber to roll out autonomous driving services in the Middle East, laying the groundwork for future commercial deployment. In July, it signed a strategic agreement with Dubai's Roads and Transport Authority to begin Robotaxi testing in 2025 and achieve fully driverless commercial operations by 2026. September saw the launch of Robotaxi trials in Doha through a collaboration with Qatar's national transport company, while in June, the firm kicked off testing in Luxembourg with plans for wider European coverage.

Financially, Pony.ai continues to gain momentum. Its second-quarter 2025 revenue reached 154 million yuan, up 75.9% year-on-year, with Robotaxi operations contributing 10.9 million yuan—a 157.8% surge.

The company's autonomous taxi fleet surpassed 500 units by the end of Q2 and is expected to exceed 1,000 by the end of the year. Production of its seventh-generation Robotaxi ramped up rapidly, with more than 200 units rolling off the line within two months after kicking off volume production and road tests.