Beijing time on November 27 (Eastern time on November 27), Chinese autonomous driving company PONY Wisdom was officially listed on the Nasdaq, stock code "Pony", becoming the first share of Robotaxi. The amount raised could reach $299 million, which is the largest IPO in the U.S. autonomous driving field so far this year. Combined with the simultaneous private placement of about $153.4 million worth of common stock, Pony Wisdom can raise about $452 million (about 3.29 billion yuan) in the IPO.

Pony Zhixing launched China's first Robotaxi service in 2018, and its driverless technology and operation scale are at the leading level in the world, and it is the first autonomous driving company in China to obtain the license for driverless travel service in Beijing, Shanghai, Guangzhou and Shenzhen. Its successful listing marks the official birth of the "first share of the global Robotaxi" and will also accelerate the commercial landing of Pony Wisdom self-driving.

Click to see the source of the image

Co-founder and CTO Lou Tiancheng said: "The Nasdaq listing is just the beginning of how driverless technology will change the world, and our journey is far from over. The road to driverless breakthroughs is like climbing Mount Everest, and we have chosen persistence, patience and long-termism to achieve a qualitative change in technology beyond human drivers. "From today, the belief that AI will not only provide safer and more efficient services, but also bring unprecedented experiences that will completely change the way we think about driving."

The company continues to generate revenue in the areas of autonomous travel business (Robotaxi), autonomous freight service (Robotruck), technology licensing and application services, and is a global leader in the commercialization of the autonomous driving industry. Its core technology is to create a "virtual driver" suitable for different models and scenarios, through a large number of road test data and AI large model repeated training, can deal with a variety of both difficult and high commercial value scenarios. Up to now, the global self-driving road test mileage of Pony Wisdom has accumulated nearly 40 million kilometers, including nearly 4 million kilometers of unmanned miles.

In terms of autonomous driving, Pony Wisdom has put more than 250 Robotaxi vehicles in the country, and opened fully unmanned Robotaxi commercial charges in Beijing, Guangzhou and Shenzhen, and expects the Robotaxi business to achieve a negative bicycle operation margin by 2025. In terms of autonomous trucks, Pony Wisdom is operating a fleet of more than 190 autonomous trucks, including vehicles operated by itself and in partnership with Sinotrans, China's largest freight logistics company. The fleet has accumulated about 5 million kilometers of autonomous driving. In the course of its commercial operation, it has transported more than 767 million tons kilometers. At the same time, Pony Wisdom is also cooperating with Sany Group to jointly develop L4 self-driving trucks.

With the maturity of the industrial chain, the breakthrough of unmanned technology and policy innovation, Pony Wisdom Xing and partners together to force the commercialization process. The cooperation model of "car enterprise + autonomous driving enterprise + travel platform" is regarded by the industry as the key to promote the landing of Robotaxi. In this model, the vehicle enterprise is responsible for the mass production of the vehicle, the travel service platform provides service scenarios and customer acquisition channels, and the autonomous driving enterprise provides autonomous driving technology and operational solutions.

The analysis pointed out that the successful listing of Pony Wisdom will strongly enhance its financial strength, and provide confidence for the commercialization of Robotaxi, the research and development and innovation of autonomous driving technology, and the construction of the industrial chain ecology. With the landing of autonomous driving companies such as Pony Wisdom in the capital market, China's automotive industry has ushered in a historic moment and truly entered the era of unmanned driving.

According to public data, in 2024, China's intelligent driving listed enterprises also include Sagitta Juchuang, Longitudinal Vision technology, Momenta, such as Qi travel, black sesame only, Wen Yuan Zhixing, Horizon, Youdrive innovation and other Chinese enterprises.