Pony.ai

Fresh from its public listing, Pony.ai shifts its focus back to China, gearing up to challenge Apollo Go and WeRide in the autonomous driving market.

Once China’s most valuable autonomous driving startup, Pony.ai’s trajectory from sky-high valuations to post-IPO scrutiny underscores the shifting tides of tech investment.

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.