Self-driving car startups Pony.ai and WeRide ready to go public: reports

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China- and US-based self-driving car startups Pony.ai and WeRide are ready for initial public offerings in the US, multiple media outlets have reported. A group of 14 self-driving tech companies have seen their combined valuation decline more than 80% since their public debuts, according to an analysis by Crunchbase in 2022. WeRide is planning to sell its shares publicly in the US by the end of August, according to IFR, a Reuters publication. Pony.ai and WeRide declined to comment when contacted by TechNode on Thursday. Context: Pony.ai reportedly suspended a public listing plan in New York at a target valuation of $12 billion in mid-2021 due to regulatory uncertainties.