Autonomous Trucks
Autonomous driving company Pony and Toyota in Collaboration is planning to mass produce Robotaxis in China. The initiative will receive $139 million in capital from GAC Toyota Motor Co., Ala joint venture between Toyota China and GAC, a Chinese state owned automaker. Previously, in 2020 Toyota pump about $400 million in Pony which turned out into this project. The initiative of introducing Robotaxis in China is to convert China’s transitions of auto market to electric. GAC, a joint venture of Toyota has recently announced that it was terminating the contracts of about 1,000 workers last week.