Pony.ai and WeRide, two of China’s leading autonomous driving companies, have filed prospectuses for initial public offerings (IPOs) in Hong Kong, marking a milestone for the nation’s driverless technology sector, as it seeks capital market validation amid intensifying global competition. Pony.ai, based in Guangzhou and incorporated in the Cayman Islands, plans to sell 41.96 million…
As global competition in autonomous driving intensifies, Europe has emerged as the latest frontier for China’s rapidly advancing self-driving technology. Start-ups such as Pony.ai, WeRide, AutoX, DeepRoute.ai, Momenta and Baidu’s Apollo Go are expanding their trials and partnerships across European cities, transforming Europe into the next stage of technological rivalry. What began as a domestic…
China is likely to see 300,000 driverless cabs operate in its four top-tier cities as early as 2030, buoyed by advancements in artificial intelligence (AI) and its highly competitive electric vehicle (EV) sector, UBS said on Thursday. The number of robotaxis on the mainland was expected to jump to 4 million by the late 2030s,…
“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said at a media event in the city on Tuesday. He said Pony.ai needed to work with local authorities and partners to explore the best way forward. On working with the city’s Transport Department, Wang said…
“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said at a media event in the city on Tuesday. He said Pony.ai needed to work with local authorities and partners to explore the best way forward. On working with the city’s Transport Department, Wang said…
China has released ethical guidelines for autonomous driving technology, highlighting the need for user safety and technology transparency. Publishing the guidelines on Wednesday, the Ministry of Science and Technology said automated driving systems “must demonstrate a high degree of respect for human life and actively seek effective strategies to minimise harm”. Algorithms, models and other…
Apollo Go, which operates one of the world’s largest networks of robotaxis, has expanded the testing of its autonomous taxis across more locations in Hong Kong, moving closer to launching its services in the city. Currently, a fleet of 10 vehicles is operating on streets in Cheong Hing Road, Second Sky Street, Airport Expo Boulevard,…
With dual headquarters in Shanghai and Shenzhen, Dalton Venture will apply for an asset-management licence in Hong Kong next month and expects to start pursuing investments next year after receiving government approval, founding managing partner Steve Sun told the South China Morning Post in an interview on Friday. Dalton Venture aims to seize opportunities brought…
Hong Kong is an attractive regional hub for mainland Chinese artificial intelligence (AI) start-ups looking for a bridgehead to expand into overseas markets, according to company executives at a technology-themed event on Wednesday. CloudWalk Technology, a Guangzhou-based AI company that started in 2015 as a vendor of facial recognition software, was looking into establishing an…