Chinese autonomous driving company Pony.ai passed the listing hearing at HKEX and will be listed in Hong Kong under a dual-class share structure, with Goldman Sachs, BofA Securities, Deutsche Bank, and Huatai International acting as joint sponsors.

As of October 2025, Pony.ai is the only L4 autonomous driving technology company in China that obtained all available and required regulatory permits to provide autonomous driving services to the public in the four major T1 cities, the PHIP showed.

For the interim period ending June 2025, Pony.ai recorded revenue of approximately USD35.434 million, a YoY rise 43.3%, with a net loss attributable of USD96.086 million, expanding from USD51.317 million in the same period last year. The adjusted net loss under non-GAAP for 1H25 was USD74.423 million, also up from the loss of USD55.932 million in 1H24.

Pony.ai plans to apply the funds raised from the Hong Kong listing for large-scale commercialization of L4 autonomous driving technology in the market and for R&D of L4 autonomous driving technology and solutions.