WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States.
Prosecutors say Trevor Milton, former chief executive of Nikola, lured retail investors with lies about the electric truck company’s technology.
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.
The move would raise money at a time when automaker is investing heavily in electric cars and batteries.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.
The company, backed by Amazon and Ford, has delivered only 156 trucks so far, but its market worth approaches that of Ford.
The company updated registration documents with the Securities and Exchange Commission on Monday.