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Ponyai

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business6 months ago

Kalanick's Bid to Reclaim Pony.ai with Uber's Support

Uber is in early negotiations with its former CEO Travis Kalanick to fund his acquisition of Pony.ai, a Chinese autonomous vehicle company, as part of its strategy to compete with self-driving taxi services like Waymo. Kalanick, who left Uber in 2017, is interested in robotics and autonomous technology, and if the deal proceeds, he will lead Pony.ai while continuing his work with CloudKitchens. The move signals Uber's ongoing efforts to integrate autonomous vehicles into its network amid increasing competition from companies like Waymo and Tesla.

via The New York Times|
#autonomous-vehicles#business#ponyai
business1 year ago

Pony AI Soars 19% in Nasdaq Debut, Valued at $5.25 Billion

Pony AI Inc., a Chinese autonomous driving startup, saw its American depositary shares rise 19% on their US trading debut after raising $413.4 million through an IPO and private placements. The company, which develops self-driving vehicles, priced its shares at the top of the marketed range, giving it a market value of nearly $5.4 billion. The IPO is part of a modest revival of Chinese companies listing in the US, with Pony AI's offering contributing to the $1.2 billion raised by Chinese firms in US IPOs this year.

via Yahoo Finance|
#autonomousdriving#business#chinesecompanies
technology1 year ago

Pony AI's Nasdaq Debut: Volatile Trading and 7% Drop Post-IPO

Pony AI, a Chinese autonomous driving technology company, is set to debut on the Nasdaq with a $4.55 billion valuation, offering shares at $13 each. The IPO includes 20 million American depositary shares, potentially raising $260 million, with additional private placements and underwriter options possibly increasing total proceeds to $452.4 million. This move follows other Chinese tech firms entering the U.S. market amid competitive advancements in autonomous vehicle technology.

via TechCrunch|
#autonomousvehicles#chinesetech#ipo
technology2 years ago

Toyota and Pony.ai Collaborate to Mass Produce Robotaxis in China

Toyota and Pony.ai are partnering to mass produce robotaxis in China, with plans to establish a venture that will manufacture autonomous vehicles equipped with Pony.ai's self-driving technology and ride-hailing services. The companies, along with GAC-Toyota, will invest over 1 billion yuan ($140 million) in the project. This move reflects Toyota's commitment to the Chinese market and its collaboration with Pony.ai, while supporting the growth of the connected car industry. China has been a leader in self-driving car development, and Pony.ai has already launched robotaxi services in several Chinese cities.

via Reuters|
#autonomous-driving#china#ponyai