(Reuters) -Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese autonomous driving firm moves ahead with its long-sought plan for a New York listing.

Pony.ai Inc. is looking to raise as much as $195 million from its US initial public offering as automotive-related companies lead a modest pickup in Chinese listings.

Pony AI is inching closer to its initial public offering in the U.S., but as it does so, it continues to drop its minimum target for what it hopes to raise in the transaction. Pony operates a fleet of 190 “robotrucks” in Beijing and Guangzhou and over 250 robotaxis in Beijing,

Chinese autonomous driving firm Pony AI said on Thursday it was targeting a valuation of up to $4.48 billion in its initial public offering in the United States. Pony, backed by Japanese automaker Toyota,

SAN FRANCISCO -- Chinese self-driving technology company Pony AI is seeking up to $224 million in IPO in the United States, according to the company's filing on Thursday. Pony AI said it operates a fleet of 190 "robotrucks" in Beijing and Guangzhou and more than 250 robotaxis in Beijing, Guangzhou, Shenzhen, and Shanghai.