Pony.ai goes public on HKEX

Shanghai (Gasgoo)- On November 6, Pony.ai made its debut on the main board of the Stock Exchange of Hong Kong Limited (a part of HKEX) under the ticker 2026, marking a major step in its global expansion.

The company issued approximately 48.25 million shares in its Hong Kong IPO, fully exercising its allocation adjustment option. If the overallotment option (the "green shoe") is exercised in full, the fundraising could reach HK$7.7 billion, making it the largest IPO in the global autonomous driving industry so far this year and the biggest AI-related listing in Hong Kong this year.

Pony.ai first went public on the Nasdaq in November 2024 under the ticker "PONY," becoming the world's first listed Robotaxi company. Less than a year later, its Hong Kong listing establishes a dual-primary structure across the U.S. and Hong Kong markets, reinforcing the company's global capital strategy.

Founded in 2016, Pony.ai develops autonomous driving technologies and solutions for global mobility and logistics markets. Its operations span three main segments: Robotaxi services, autonomous trucking (Robotruck), and technology licensing and applications. As a pioneer in large-scale commercialization of autonomous mobility, Pony.ai remains the only company licensed to provide public-facing Robotaxi services across all four of China's tier-one cities.

In April 2025, Pony.ai unveiled three seventh-generation Robotaxi models co-developed with Toyota, BAIC Group, and GAC Group. The new lineup delivers major efficiency gains, cutting the bill of materials (BOM) for the autonomous driving suite by 70% compared to the previous generation. Costs for the autonomous driving computer (ADC) dropped by 80%, and solid-state LiDAR units by 68%, paving the way for scaled commercial deployment.

The company is also accelerating its international expansion, targeting key growth regions such as Europe, East Asia, and the Middle East. By partnering with local governments, industry leaders, and technology innovators, Pony.ai aims to foster localized ecosystems for the development, deployment, and commercialization of Level 4 autonomous driving technologies.

The dual-primary listing marks a new chapter for Pony.ai, underscoring both a key milestone in its capital strategy and a firm commitment to long-term growth. Leveraging its technological edge and extensive experience in fully driverless operations, the company aims to accelerate the mass commercialization of autonomous driving and chart a clear, sustainable path to profitability for the industry.