Reported 18 days ago
Chinese robotaxi companies Pony.ai and WeRide are moving towards public offerings on the Hong Kong stock exchange after receiving approval from the regulator. Both firms, listed on Nasdaq, plan to issue a total of 1.02 million shares, potentially raising up to $3.4 billion combined. As they seek to expand into foreign markets like the Middle East and Europe, these companies aim to capitalize on rising global interest in autonomous driving and electric vehicles, with a significant expected growth in the number of robotaxis operating in China by 2030.
Source: YAHOO