Chinese robotaxi firm Pony AI files for US IPO

Quick Summary:

Pony AI, in which Toyota owns a 13.4 per cent stake, revealed that its revenue nearly doubled to US$24.7 million in the first half of 2024.

It also secured US$100 million from Saudi Arabia’s NEOM last year.

The company was valued at US$8.5 billion when it raised funds in 2022.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Reuters

Category: Technology

Markets: Hong KongChinaJapanSaudi Arabia

Topics: Stake Doubled Revenue Company Million Pony Us$24 Toyota Cent Revealed Owns

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 10:53:33 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 212 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23113537

View Article Analysis

About SCMP

Main Topics: Technology

Official Website: scmp.com

Update Frequency: 6 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #41

Publisher Details

Frequently Asked Questions