Pony.ai

Investors from the Middle East are doubling down on Chinese companies, especially those focused on autonomous driving solutions and new energy vehicles.

Robotaxi fares may be double that of existing taxi services.

China’s Venture Roundup Volume 9 covers China’s investment activity from 1 – 8 November 2020

The company is now valued above USD 5.3 billion.

The service will cover rides of about 2.5 kilometers.

Japanese car giant Toyota and Guangzhou-based Pony.ai announce deeper ties as global carmakers race toward a driverless future.

The pilot service will be operative on public roads.

The Chinese startup claims it has been testing its autonomous robotaxi service, PonyPilot, in Guangzhou since late last year.