Autonomous Vehicle News
The investment follows Toyota’s move to pump about $400 million into Pony back in 2020. In 2021, Pony kicked off driverless-vehicle testing in California, only to see its permit suspended six months later. The same year, the company seemed to shrink its autonomous trucking ambitions when it consolidated its R&D teams and shed a couple executives. The next year, Pony recalled its autonomous-driving software and sued two former staffers for allegedly swiping trade secrets when they left to found a startup called Qingtian Truck. Yet, around the same time, Pony claimed to be worth $8.5 billion (and that’s the last we’ve heard of its valuation to date).