Chinese robotaxi companies Pony.ai and WeRide saw their stocks decline 11% and 7.8% in their Hong Kong IPOs; Pony.ai raised ~$863M and WeRide raised ~$309M
Bloomberg :
Pony.ai becomes the first company to receive a citywide robotaxi permit for Shenzhen, allowing self-driving taxis to operate beyond pilot zones
China's Silicon Valley, Shenzhen, is about to allow self-driving taxis to operate throughout the city, ending years of pilot zones and tight limits.
Automaker Stellantis and Pony.ai sign a non-binding agreement to develop robotaxis for deployment in Europe, with plans to start testing in the coming months
Rebecca Bellan / TechCrunch :
Sources: Uber is in talks with Travis Kalanick to help fund his acquisition of Pony.ai's US arm; Pony.ai has permits to operate robo taxis in the US and China
and Uber might help Natalie Lung / Bloomberg : Uber in Talks With Kalanick to Fund Pony.AI Bid, NYT Says Mike Isaac / The Straits Times : Uber in talks with founder to help buy US unit of China's self...
Uber and Chinese company Pony.ai partner to deploy Pony.ai's robotaxis on Uber's platform, starting with a launch in “a key market in the Middle East” in 2025
Rebecca Bellan / TechCrunch :
China's Pony.ai says it can now build its most advanced autonomous driving system for 70% less and plans to start mass production of its robotaxis in mid-2025
Jiahui Huang / Wall Street Journal :
Chinese self-driving company Pony.AI raised $413.4B in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap
- IPO priced at top of marketed range raised $260 million — Firm also agreed private placements worth $153.4 million
Chinese autonomous driving company Pony.ai aims to raise $195M in its US IPO, targeting a valuation of up to $4.48B
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies … Grace Priscilla Teo / Tech in Asia : Chinese robotaxi firm Pony.ai launches US IPO
Chinese robotaxi firm Pony.ai files for a Nasdaq IPO, says its H1 2024 revenue nearly doubled to $24.7M with a net loss of $51.3M, down from $69.4M in H1 2023
I'm Shocked The Stock Symbol Is Free Bloomberg : Self-Driving Startup Pony.ai Said to Plan to Publicly File for US IPO This Week Nickie Louise / Tech Startups : Toyota-backed Chinese self-driving star...
Chinese self-driving cars from WeRide, Apollo, AutoX, Pony.ai, and DiDi have driven 1.8M miles in California since 2017, collecting data with little scrutiny
like this one for Apollo's parent company Baidu (aka “Chinese Google"). [image] Rachyl Jones / @rachyljones : Meanwhile, China makes it extremely difficult for US robotaxi companies to test in the cou...