Singapore’s Temasek invests in WeRide, Pony.ai to boost China tech holdings

Singapore’s Temasek Holdings, one of the world’s largest sovereign wealth funds, opened positions in two of China’s leading autonomous driving companies in the third quarter of this year.

The state-owned company bought about 1.4 million shares of WeRide and 14,500 shares of Pony.ai in the September quarter, according to its 13F filings released on Friday. The total value of the shares was around US$13.7 million.

Temasek has a history of investing in autonomous driving companies. These included the Swedish transport firm Einride, a technology supplier for electric and self-driving trucks, and the Israeli artificial intelligence mobility start-up Autobrains.

Robotaxi operators WeRide and Pony.ai, both of which went public in the US in 2024, last week started trading their shares in Hong Kong.

Temasek’s latest deals reflect the 51-year-old investment giant’s focus on forward-looking technologies, while ensuring delivery of higher returns to shareholders.