China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures.
Chinese tech giant Baidu's robotaxis have grabbed about 10% of the ride-hailing market in a Beijing suburb, the company said Tuesday, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures.
Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss attributable to the company was $51.3 million in the same period, compared with $69.4 million last year. The company was valued at $8.5 billion when it raised funds in 2022. It also secured $100 million from Saudi Arabia's NEOM last year.
Technology Breaking News: Technology Toyota Motor Corp Toyota Motor Corp Transportation Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo Metro's IPO could drive momentum in the Japanese market as Chinese listings dry up'We think they're offering very, very good value,' Mio Kato, founder of LightStream Research, told CNBC.
Read more »
Chinese Chorizo Festival celebrates Tucson's rich Chinese historyBri Pacelli is KGUN 9's Eastside reporter. Send your story ideas to Bri at bri.pacellikgun9.com.
Read more »
Welcome Global Talents to West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalWest China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in China.
Read more »
Postdoctoral Fellowships at West China Hospital/West China School of Medicine of Sichuan University - Chengdu, Sichuan, China job with West China School of Medicine/West China HospitalAbout West China Hospital/West China School of Medicine of Sichuan University West China Hospital/West China School of Medicine of Sichuan University (WCH/WCSM, SCU) was founded in 1892 and recognized as a national general hospital and a diagnosis and treatment center for complex and critical illnesses, as well as a renowned medical school in...
Read more »
China's auto stocks rise unfazed by U.S. proposal to ban Chinese car partsShares of Chinese automakers climbed in spite of news that the U.S. government is mulling a new proposal to ban Chinese and Russian car parts.
Read more »
Countering China with Chinese UAVs backfires, US military faces drone shortageThe US military faces a drone shortage as the ban on Chinese-made components, driven by security concerns, disrupts supply chains.
Read more »