Hong Kong Stocks of Robotaxi Firms Drop on Debut

Chinese robotaxi firms Pony AI and WeRide have experienced significant losses on their second day of trading in Hong Kong, with shares down 13% and 12%, respectively. The losses follow a 9.3% and 10% decline on their debut. The companies have yet to turn a profit and face uncertainty from government regulations, safety issues, and consumer acceptance. Industry insiders suggest that companies with access to developed markets may have a better chance of turning profitable faster.