Summarize this content to 2000 words in 6 paragraphs in Arabic Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.Robotaxi company Pony.ai is considering a secondary listing less than six months after its US IPO, amid mounting concern that Donald Trump\u2019s administration will pursue delistings of Chinese companies.\u201cIt\u2019s nothing concrete yet, but definitely it\u2019s something we\u2019re contemplating,\u201d said James Peng, co-founder and chief executive, in an interview with the Financial Times at this week\u2019s Shanghai auto show. \u201cA lot of factors need to be considered.\u201dThe Toyota-backed company, which makes autonomous driving systems and hopes this year to expand its fleet to 1,000 vehicles, drew a $5.25bn valuation when it raised $260mn on the Nasdaq exchange in November.The CEO\u2019s comments reflect the uncertainty felt by hundreds of US-listed Chinese companies amid a full-blown trade war.\u00a0Treasury secretary Scott Bessent this month refused to rule out delistings when asked directly, reigniting an issue that was also a feature of Trump\u2019s first administration, when he forced a number of state-backed Chinese companies off the New York Stock Exchange.\u201cWe cannot operate based on some speculation, so for the potential delisting we have to deal with it,\u201d said Peng. \u201cAt least nothing concrete really has happened yet.\u201d\u00a0Pressure on American depositary receipts \u2014 the method by which Chinese companies such as Alibaba and JD.com have listed in the US \u2014 has increased in recent years as relations between the US and China soured.In 2020, Trump introduced a new law that could remove Chinese companies from US exchanges if they did not comply with audits by the US Public Company Accounting Oversight Board (PCAOB) for three years.Hong Kong\u2019s finance secretary Paul Chan this month said the territory, which has recently experienced a boom in listings by mainland companies, should be the \u201cfirst choice\u201d for returning Chinese groups.Peng did not specify any particular market for a possible secondary listing. \u201cProbably finding a good alternative is necessary,\u201d he said. Asked about Hong Kong, he said it was \u201calways possible\u201d, adding the company\u2019s main focus was its new platform and producing vehicles.Pony.ai shares soared 30 per cent in New York on Wednesday after it unveiled its latest autonomous driving system at the Shanghai Auto Show, China\u2019s biggest car event of the year. The company has international growth plans. \u201cWe have very strong welcoming signals from some of the markets,\u201d said Peng. \u201cOverall\u2009.\u2009.\u2009.\u2009we can see the temperature start changing.\u201dPeng mentioned possible expansion in Europe, where this month Pony.ai announced it had won a testing permit in Luxembourg, its first breakthrough in robotaxi trials on the continent.In China, its 300 vehicles are limited to certain parts of China\u2019s biggest cities, though it expects larger service areas to be allowed in the coming years.\u00a0Pony.ai\u2019s valuation has fallen from more than $8bn pre-IPO in 2022 to $1.9bn at Wednesday\u2019s Nasdaq close, on the back of pessimism over the self-driving sector, with valuations of its peers also declining.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.Robotaxi company Pony.ai is considering a secondary listing less than six months after its US IPO, amid mounting concern that Donald Trump\u2019s administration will pursue delistings<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-289153","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/289153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=289153"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/289153\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=289153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=289153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=289153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}