WeRide Inc. (WRD) shares surged 5.19% in pre-market trading on Monday, following reports that the autonomous driving technology firm has secretly submitted an application for a Hong Kong stock exchange listing. The news has sparked investor interest in the company, driving the stock price upward.

According to sources cited by Chinese financial outlet Jiemian News, WeRide has confidentially filed its application for a Hong Kong initial public offering (IPO). The move, if confirmed, would mark a significant step for the company in its efforts to expand its capital base and increase its visibility in the Asian financial markets.

This development could potentially provide WeRide with additional funding to accelerate its autonomous driving technology research and development. It may also enhance the company's competitive position in the rapidly evolving autonomous vehicle industry. Investors appear to be reacting positively to the prospect of WeRide tapping into the Hong Kong market, which could offer new growth opportunities and increased liquidity for the stock.