WeRide (0800.HK) and Pony.ai (2026.HK) sink on Hong Kong debut as IPO wave tests robotaxi stocks
Chinese robotaxi developers WeRide and Pony.ai stumbled out of the gate in Hong Kong on Thursday, with both stocks sliding around 10% in early dealings despite raising a combined ~HK$9.1 billion in fresh capital. The weak start comes amid a rush of new listings and lingering doubts about the near‑term profitability of autonomous‑driving businesses. Reuters
