Transportation

Pony AI, WeRide May Fall in HK After Dueling Robotaxi Listings

A Pony AI autonomous vehicle in Shanghai.

Photographer: Qilai Shen/Bloomberg

Pony AI Inc. and WeRide Inc. may fall when they begin trading in Hong Kong after the pair of Chinese robotaxi firms battled for investors for their public offerings, which raised more than $1.1 billion.

Both stocks droppedBloomberg Terminal in Hong Kong’s gray market on Wednesday ahead of the official debut. That’s after Pony AI and WeRide’s American depositary receipts declined since news emerged about the pricing of their Hong Kong shares.