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
Chinese netizens and industry insiders closely followed Tesla’s much-anticipated “We, Robot” event on Thursday night US time, with mixed feedback given that China is already offering robotaxi services ahead of Elon Musk’s plans. Tesla live-streamed the event across almost every major Chinese social media platform, including WeChat Channels, Douyin, Kuaishou, Xiaohongshu, Weibo, and Bilibili. It … Read more
WeRide, a Chinese autonomous vehicle company, has been authorised to test its driverless vehicles with passengers in California. This development occurs ahead of WeRide’s initial public offering (IPO) on the US stock market, aiming for a valuation of nearly $5 billion. Simultaneously, reports indicate the Commerce Department is considering banning Chinese-connected vehicles, including autonomous vehicles, … Read more
WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries in mainland China – did not provide the amount of money it aims to raise from the Nasdaq listing, according to its filing with the US Securities and Exchange Commission on Friday. The company, which … 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
