baidu Baidu and Pony AI Win First Chinese Licences for Paid Robotaxis Chinese tech firms Baidu and Pony AI become the first companies authorized to charge passengers for autonomous taxi rides in a 60-square-kilometer area of Beijing.
pony ai Pony AI Debuts on Nasdaq With $5.25 Billion Valuation Chinese autonomous driving company Pony AI starts trading on the Nasdaq, raising significant capital despite ongoing tensions between the U.S. and China.
trump Trump Taps Former Rep. Duffy for Transportation Secretary as Pony AI Boosts IPO Target President-elect Trump selects former Wisconsin Rep. Sean Duffy as transportation secretary, bringing an unpredictable approach to autonomous vehicle regulations. Meanwhile, Pony AI increases its US IPO fundraising goal to $260 million.
pony ai Pony AI Slashes Valuation Target Amid U.S. IPO Filing Toyota-backed Pony AI files for a U.S. IPO, revealing a lowered minimum valuation of $4 billion and a modest fleet size. The autonomous vehicle startup shows growing revenue but continues to face significant financial losses.
baidu Beijing Issues First Fully Driverless Robotaxi Permits to Baidu and Pony AI Beijing grants the first fully driverless robotaxi permits in China to Baidu and Pony AI, allowing the companies to charge passengers in a designated 60-square-kilometer area.