Driverless Tech Firm Pony AI Raises $863 Million in HK Listing
Update: 2025-11-03
Description
Pony AI, a Chinese autonomous driving startup, successfully raised $863 million in its Hong Kong stock offering, pricing shares at $139 each. The company plans to use the funds for expanding its Level four autonomous driving services and R&D, aiming for profitability by 2028 or 2029. This listing comes as a rival, WeRide, also prepares for a Hong Kong IPO, highlighting China's ambition to lead in self-driving vehicles by 2035.
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