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Pony.ai, a robotaxi company backed by Toyota, is contemplating a secondary listing less than six months after its US IPO, amid concerns over potential delistings of Chinese firms by the Trump administration. CEO James Peng expressed the need for alternatives due to uncertainties affecting US-listed Chinese companies, especially following new laws on compliance with audits. Despite a valuation drop from over $8bn pre-IPO to $1.9bn, Pony.ai remains optimistic about international expansion, recently securing a testing permit in Luxembourg and planning to grow its fleet in China.
