WeRide to Raise $308M in Hong Kong Amid Global Expansion

Chinese autonomous driving pioneer WeRide is gearing up for a major milestone with its Hong Kong share sale, expected to raise HK$2.39 billion ($307.7 million). The Guangzhou-based company plans to price its shares at HK$27.10 each, according to a Bloomberg report on Tuesday.

The listing marks another bold move for WeRide, which was first listed on Nasdaq in October 2024. This Hong Kong debut strengthens its presence in both U.S. and Asian markets, as global investors show renewed interest in next-generation mobility and AI-driven transport solutions.

Founded in 2017, WeRide has built a strong name in autonomous-driving technology, operating robotaxi, robobus, and robovan services across multiple Chinese cities and select international markets. The company collaborates with automakers and urban mobility partners to deploy fully self-driving solutions for public use and logistics.

WeRide is offering 88.3 million shares, with a maximum price of HK$35 each, as shown in its October 27 prospectus. The final offer price is yet to be officially confirmed.

The move comes at a time when several U.S.-listed Chinese firms are pursuing dual or secondary listings in Hong Kong, amid growing concerns over potential U.S. delisting risks following heightened trade tensions between Beijing and Washington.

In a competitive field, WeRide stands alongside Pony AI, another autonomous tech rival that recently set its Hong Kong listing price at HK$139 per share. While Pony AI commands a higher valuation, analysts see WeRide’s more moderate pricing as a strategy to attract a wider pool of investors in a cautious market.

With this offering, WeRide aims not just to bolster its financial footing but to accelerate its vision of safer, smarter, and driverless transportation — a vision that continues to draw attention from global tech investors and the urban mobility sector alike.