Self-Driving Startup pony.ai Gets Funding from China’s FAW
by AutoExpert | 7 November, 2020
Self-driving startup Pony.ai is having a good year with funding. Recently, the company struck another agreement with the Chinese FAW Group.
The tech developed by Pony.ai will make its way into a vehicle platform that will form the basis of FAW’s Red Flag-branded (Hongqi) electric cars, which will be later used in its trucks.
The Pony.ai Chinese company has, since late 2018, been testing autonomous taxis in Beijing and Guangzhou. The company claims itself as the first company to have launched a robot ride-hailing operation in China, offering self-driving car rides to members of the public.
After the precious funding, Pony.ai’s valuation went up to just over $3 billion.
