Uber Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next week after being upsized by the autonomous driving firm, people familiar with the matter said. San Francisco-based Uber is seeking to buy more than US$10 million of shares in Pony AI’s IPO, the people said, … Read more
China-based autonomous driving firm Pony AI, backed by carmaker Toyota, filed for an initial public offering in the US on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the US Federal Reserve kicking off … Read more
Chinese electric vehicle (EV) start-up Xpeng said its partnership with Nvidia has not been affected by tighter US trade sanctions, but it will keep its options open with local suppliers. “We’re very happy with our collaboration with Nvidia and other silicon partners,” Brian Gu Hong-di, vice-chairman and president of Xpeng Motors, said during a press … Read more
From Big Tech firms to start-ups, China’s autonomous-driving system developers are struggling to make noticeable gains in turning their vision of a future full of self-driving cars into steady profits. Banma Network Technologies, an intelligent vehicle start-up that develops technology for autonomous-driving systems, this week replaced its CEO Zhang Chunhui, who had served in the … Read more
