Chinese autonomous driving technology company WeRide has confidentially filed for a listing on the Hong Kong Stock Exchange, becoming the latest firm to do so after the city updated its rules to allow such filings, local media outlet Jiemian reported Monday, citing unnamed sources.
Founded in 2017, WeRide is among China’s earliest developers of advanced smart driving solutions. The company listed on the Nasdaq in October 2024 and has since been expanding its global operations, conducting autonomous driving testing and services in 30 cities across 10 countries.
The move to seek a Hong Kong listing comes as the city’s financial authorities begin implementing reforms intended to attract more tech companies. On May 6, the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange jointly announced that certain companies—such as those in technology and biotech—would now be allowed to submit applications confidentially, similar to the U.S. system. Previously, such disclosures had to be made public from the outset.
WeRide generated RMB 72.44 million ($10.08 million) in revenue in the first quarter of 2025, nearly unchanged from the same period a year earlier. Its robotaxi division brought in RMB 16.10 million, or 22.3% of the total.
WeRide is following in the footsteps of Hesai Group, the world’s leading LiDAR sensor maker, which Bloomberg reported in May had also submitted a confidential listing application in Hong Kong. Hesai is working with banks and is expected to sell shares later this year.