Pony.ai and Toyota to Form Joint Venture to Advance Mass product of L4 Autonomous Vehicles

-Pony.ai, a leading global independent driving company, held a common adventure signing form moment with Toyota Motor( China) Investments.,Ltd.( TMCI) and GAC Toyota Motorcar.,Ltd.( GTMC). The three parties blazoned that they will form a common adventure to concertedly advance the future mass product and large- scale deployment of completely driverless rob taxis.

The common adventure company will be established in 2023, with an estimated investment of further than RMB 1 billion( approx. USD139.2 million). GTMC will givePony.ai with Toyota ingrained battery electric vehicles, which are equipped with Toyota’s vehicle redundant systems that are suitable for L4 independent driving development. The vehicles will be equipped withPony.ai’s advanced independent driving technology and will run onPony.ai’s robotaxi network platform, PonyPilot. The parties ’ common sweats will deliver safe and accessible robotaxi services for riders.

The common adventure combinesPony.ai’s world- class independent driving technology and robotaxi operations experience, Toyota’s largely rewarded vehicle technologies, and GTMC’s advanced product experience. It’ll give the capacity for gauged – up robotaxi services, encourage the full commercialization of advanced independent mobility, and drive the development of the entire assiduity into a new stage.

The common adventure will consolidate the long- time collaboration betweenPony.ai and Toyota. In August 2019,Pony.ai and Toyota blazoned they would concertedly advance the development of independent vehicles in China. In September 2019, the two companies joined hands to lead independent driving testing on public roads in China, using Toyota’s Lexus RX 450h model andPony.ai’s independent driving systems. In April 2023, the Toyota Sienna Autono- MaaS( S- AM) vehicle equipped withPony.ai’s sixth generation independent driving software and tackle system started public road testing in both Beijing and Guangzhou.

Among its tone- possessed lines,Pony.ai presently has a combined line of around 200 Toyota and Lexus brand rob taxis, located in all four of China’s league- 1 metropolises( Guangzhou, Beijing, Shanghai, and Shenzhen) for road tests and public- facing rob taxi operations.

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