Self-Driving Startup Pony.ai Seeks Up to $195 Million in US IPO
1 month, 1 week ago

Self-Driving Startup Pony.ai Seeks Up to $195 Million in US IPO

Live Mint  

-- Pony.ai Inc. is looking to raise as much as $195 million from its US initial public offering as automotive-related companies lead a modest pickup in Chinese listings. Investment Global Co., a wholly owned subsidiary of Beijing Automotive Group Co., and ComfortDelGro Ventures Pte Ltd. indicated an interest in purchasing up to roughly $75 million worth of the offering. Guangzhou Automobile Group, a top Chinese automaker and backer of another self-driving car company, WeRide Inc., is among the investors that struck a deal to buy about $153 million worth of shares from the company in a concurrent deal, the filing shows. Pony.ai’s backers include Toyota Motor Corp. and Saudi Arabia’s Neom Co. China’s securities regulator approved the New York IPO in April as Beijing loosened its clampdown on domestic tech companies trying to list overseas.

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History of this topic

Chinese autonomous driving startup Pony AI seeks IPO in US
1 month, 1 week ago

Chinese autonomous driving startup Pony AI seeks IPO in US

China Daily  

SAN FRANCISCO -- Chinese self-driving technology company Pony AI is seeking up to $224 million in IPO in the United States, according to the company's filing on Thursday. Chinese electric vehicle startup Zeekr debuted on the New York Stock Exchange in May with $441 million in gross proceeds. WeRide, another Chinese autonomous vehicle startup, debuted on the Nasdaq in October, …

Self-driving tech fueled by innovation
3 months, 3 weeks ago

Self-driving tech fueled by innovation

China Daily  

An engineer monitors a self-driving vehicle's performance via a laptop in Beijing in June. JU HUANZONG/XINHUA As China strives for technological innovation represented by intelligent connected vehicles and autonomous driving, it has created a distinctive Chinese innovation model, with government departments, enterprises and research institutions collaborating closely and policies being drafted to support the nation's technological growth, said experts, entrepreneurs …

Self-driving tech fueled by innovation
3 months, 3 weeks ago

Self-driving tech fueled by innovation

China Daily  

An engineer monitors a self-driving vehicle's performance via a laptop in Beijing in June. JU HUANZONG/XINHUA As China strives for technological innovation represented by intelligent connected vehicles and autonomous driving, it has created a distinctive Chinese innovation model, with government departments, enterprises and research institutions collaborating closely and policies being drafted to support the nation's technological growth, said experts, entrepreneurs …

Pony.ai's JV with Toyota to spur robotaxi development
7 months, 3 weeks ago

Pony.ai's JV with Toyota to spur robotaxi development

China Daily  

A Level-4 concept vehicle codeveloped by Pony.ai and Toyota is shown at the Beijing auto show that runs from April 25 to May 4, 2024. Autonomous driving firm Pony.ai has set up a partnership with Japanese carmaker Toyota and its Chinese joint venture GAC Toyota, which is expected to speed up the commercial operations of robotaxis in China. They did …

Pony.ai secures historic permit for self-driving trucks
10 months, 4 weeks ago

Pony.ai secures historic permit for self-driving trucks

China Daily  

Driverless cars of Pony.ai are displayed at an expo in Shanghai on July 10, 2021. The autonomous driving startup Pony.ai obtained a cross-provincial demonstration application permit on Thursday from three government bodies, including the Tianjin Municipal Transportation Commission, marking the first time a permit of this type has been granted to self-driving heavy-duty trucks. Pony.ai will collaborate with logistics company …

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