Pony AI's listing may show how US investors approach China-based companies under Donald Trump's administration, especially as the two biggest economies in the world vie for dominance in high-stakes industries such as autonomous driving.

Pony AI is targeting a valuation of up to $4.55 billion in its upsized U.S. initial public offering, it said on Wednesday, indicating strong demand for the Chinese robotaxi firm's long-sought New York listing.

Pony AI Inc. raised $260 million after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signaling strong investor interest for autonomous-driving technology and Chinese listings in New York.