Category: Fund Raising

Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia

Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.

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Nio announces plan to issue $1 billion convertible notes, shares down after-hours

Nio plans to use a portion of the net proceeds to repurchase certain existing debt securities, with the remainder to be used primarily to further strengthen its balance sheet position and for general corporate purposes.

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