Pony.ai, a self-driving startup based in Silicon Valley and Guangzhou, China, is deepening its ties to Toyota. The two companies announced a pilot program to test self-driving cars on public roads in two Chinese cities, Beijing and Shanghai. The Japanese auto giant plans to invest $400 million in Pony.ai, valuing the startup at $3 billion.
Pony.ai has been working with Toyota since 2019 on public autonomous vehicle testing. With this new investment, their relationship will become even closer, with the automaker and the startup “co-developing” mobility products like “mobility services.”
Pony.ai has been testing robot taxis in Beijing and Guangzhou since late 2018 as well as in Fremont and Irvine, California. The startup…tech, The Verge, The Verge - All Posts