Toyota, Pony.Ai to set up robotaxi JV with $139 mln investment

Reuters - 04/08
Autonomous vehicle technology startup Pony.Ai on Friday said it would set up a joint venture with Japan's Toyota Motor with an investment of 1 billion yuan ($139 million) to mass produce robotaxis.

BEIJING, Aug 4 (Reuters) - Autonomous vehicle technology startup Pony.Ai on Friday said it would set up a joint venture with Japan's Toyota Motor (7203.T) with an investment of 1 billion yuan ($139 million) to mass produce robotaxis.

The new company, which will also involve Toyota's joint venture with Chinese state-owned Guangzhou Automobile Group (GAC) (601238.SS), will be established this year and will see GAC-...
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