Investor Toyota Partner, Pony to Mass Produce Robotaxis In China
![Investor Toyota Partner, Pony to Mass Produce Robotaxis In China](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/1530d0e642b06517a9893769a9381458.jpg)
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Autonomous-driving company Pony.ai and Toyota say they’re teaming up with the goal of one day cranking out a bunch of fully driverless robotaxis. The two companies intend to kick off...
show moreThe two companies intend to kick off their partnership sometime this year with around $139 million in capital from GAC Toyota Motor Co. — a joint venture between Toyota China and GAC, a Chinese state-owned automaker.
The investment follows Toyota’s move to pump about $400 million into Pony back in 2020.
Toyota says it’ll give Pony an unspecified number of its EVs, while Pony will outfit them with autonomous-driving tech and the firm’s robotaxi network platform.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company