WeRide CEO Tony Han Leads Dual Listing Push

WeRide CEO Tony Han leads the global expansion by dual listing on Nasdaq and the Hong Kong Stock Exchange.

WeRide, an international pioneer of autonomous vehicles, has become the first company to obtain a dual primary listing on the Nasdaq and the Stock Exchange of Hong Kong Stock Exchange, which is strategically the next stage of investor access for the company. CEO Tony Han said the move allows mainland Chinese investors to purchase the company's stock through Hong Kong's Southbound Stock Connect scheme.

The CEO said that this decision would boost WeRide's funding capabilities and global reach. Han said that the Hong Kong listing would put the company in a better position to raise funds for R&D and deployment and that the IPO would make their stock more accessible to investors worldwide.

WeRide was founded by the CEO in 2017 and countrywide it is a significant player in the worldwide robotaxi market, operating in China, Singapore, France, and the UAE. Despite a 12% dip on its first day as a public company trading in Hong Kong, WeRide was able to raise $308 million in its IPO.

The CEO also reiterated his long-term perception of making self-driving technology a social good by reducing the traffic accidents and congestion in the world. WeRide's dual listing shows the growing dominance of China's autonomous mobility industry and its rising appeal to international investors.