On April 23, the China Securities Regulatory Commission issued a notice regarding the overseas issuance and listing of Pony AInc. (Pony.ai Co., Ltd.). Pony.ai plans to issue no more than 98.1495 million ordinary shares and trade on the NASDAQ stock market in the United States. or the New York Stock Exchange, with a valuation of up to US$8.5 billion.
Pony.ai was established in Silicon Valley in the United States at the end of 2016. It has deployed autonomous driving technology in both China and the United States. Pony.ai’s co-founders Peng Jun, Lou Tiancheng, and Wang Haojun came from Baidu’s autonomous driving department. Pony.ai launched its self-driving taxi (Robotaxi) in Guangzhou in 2018, and a year later launched the service in California, USA. It has now expanded to many cities in China. The company received a US$400 million investment from Toyota Motor and a US$100 million investment from Saudi Arabia's New Future City.
It is understood that Pony.ai’s self-driving travel service PonyPilot+ has entered the testing and operation stage of fully unmanned vehicles, and now supports cities including Beijing, Shanghai, Guangzhou, and Shenzhen. In terms of driverless taxis, in January 2022, Pony.ai launched the sixth-generation L4 autonomous driving software and hardware system. The first batch was installed on Toyota Sienna Autono-MaaS vehicles. It will be put into domestic first-tier cities in 2023 to achieve greater scale. Fully unmanned Robotaxi layout. In addition, Pony.ai also deploys self-driving trucks and launches PonyTron self-driving truck system solutions for logistics and other fields.
Source: Jiwei.com
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