Chinese Robotaxi Giants WeRide and Pony.ai Plunge in Hong Kong Debut
Chinese autonomous driving company WeRide had a weak start on the Hong Kong Stock Exchange. The company’s shares opened down about 8% on its trading debut. This poor performance followed a similar drop for its rival, Pony.ai. Combined, the two robotaxi firms raised nearly $1.2 billion in their share offerings. WeRide raised roughly $308 million…
