Photo Credit: Pony.ai Pony AI is moving quickly in China’s robotaxi race after a strong quarter gave investors fresh reason to believe demand for autonomous rides may be growing. The company is looking to field 3,500 robotaxis this year, even as China’s self-driving sector faces tighter scrutiny following a major outage involving a rival service….
Chinese self-driving technology developers continue to expand outside the mainland as WeRide seeks to launch robotaxi services this year in Hong Kong and Singapore, according to an executive. WeRide’s planned entry into Hong Kong was set to cover both robotaxis and robobuses, said senior director of public relations and marketing Maeve Zhang in a media…
The former autonomous driving unit at DJI, the world’s largest drone maker, is gearing up to serve the heavy vehicle industry in 2026, in the latest example of Chinese innovation spilling over from Big Tech firms to start-ups. Chinese self-driving tech firm ZYT plans to move into heavy-duty lorries and unmanned logistics vehicles, expanding its…
The state-owned company bought about 1.4 million shares of WeRide and 14,500 shares of Pony.ai in the September quarter, according to its 13F filings released on Friday. The total value of the shares was around US$13.7 million. Temasek has a history of investing in autonomous driving companies. These included the Swedish transport firm Einride, a…
(Reuters) -Shares of Chinese autonomous driving firms WeRide and Pony Ai dropped sharply on Thursday as the companies started trading in Hong Kong, after raising nearly $1.2 billion combined in their listings. Pony Ai shares slid nearly 11% in early trading after it raised about $863 million, while WeRide opened down about 8%. WeRide raised…
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…