The Latest Breaking News from Ponyai

Autonomous vehicle technology company Pony AI (NASDAQ:PONY) on Wednesday announced that its seventh-generation (Gen-7) Beijing Automotive Industry Corporation (BAIC) Robotaxi model has started road testing in Beijing.

Shares of autonomous driving company Pony AI Inc (NASDAQ:PONY) are trading higher Tuesday after the company announced an operational achievement for its next-generation technology. Here’s what investors need to know.

Today on Critical Materials: Auto suppliers pump the brakes on R&D, EV chargers don't reliably report status, and what China's robotaxi rollout means for jobs

Shenzhen Component Index closed down 1.54%

Companies including Pony.ai and SAIC have announced they will offer services in the city

Startup Pony.ai already operates around 200 Toyota and Lexus branded self-driving taxis in all four Tier-1 cities that allow driverless cars on public roads in China.

Start-up joins with Toyota Motor (China) Investment and GAC Toyota Motor to invest more than $140 million to set up the robotaxi firm

Global and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that its developing its own EVs, self-driving cars and other futuristic technology

Baidu Inc. is China's highest-profile competitor in a multibillion-dollar race with Alphabet Inc.'s Waymo and General Motors Co.'s Cruise to create self-driving cars