🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Robotaxi startup Pony.ai gains taxi license in China city

Published 04/24/2022, 01:29 AM
Updated 04/24/2022, 01:30 AM
© Reuters. FILE PHOTO: A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China May 13, 2021. REUTERS/Tingshu Wang
TM
-

BEIJING (Reuters) - Self-driving tech company Pony.ai, backed by Toyota Motor (NYSE:TM) Corp, said on Sunday it has obtained a taxi license in China, which will allow some of its driverless vehicles to start charging fares.

The company said it was the first autonomous driving company in the country to do so.

The startup said it was awarded the license to operate 100 driverless vehicles in the Guangzhou city district of Nansha.

Pony.ai last year also won approval to launch paid driverless robotaxi services in Beijing and has since begun offering rides.

In Beijing, however, rides are being offered in a much smaller, industrial zone on a trial basis, a Pony.ai spokesperson said.

According to the company's statement, in Nansha it will start charging fares in the entire 800 square km of the district with driverless cars. Passengers can hail and pay for rides with Pony.ai's own app.

Pony.ai will initially deploy those cars with safety drivers but expects to remove them "over the short to intermediate time frame," it said.

The announcement comes at a time when a host of startups are pouring billions of dollars into autonomous technology, aiming to take an early lead in the future of mobility.

Pony.ai has been active in the United States and China, testing its driverless technology on public roads in California's Fremont and Milpitas, as well as the Chinese cities of Guangzhou and Beijing.

© Reuters. FILE PHOTO: A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China May 13, 2021. REUTERS/Tingshu Wang

In China, a host of local startups are competing. In recent months, Momenta and automaker SAIC gained official approval for a trial for their robotaxi service in Shanghai’s Jiading district, a move that followed a similar move in Guangzhou by Nissan-baked Weride .

In Shenzhen, Alibaba-backed AutoX is also testing robotaxis — observed by safety drivers — in a highly congested urban area with lots of pedestrian and moped traffic. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.