Connected Car
Toyota (7203.T) and Pony.ai is coming together to produce robotaxis in mass this would be done in China. “This is not only an important step for Toyota to carry out ‘Chinese-style succession and evolution’ but also a new stage in our business cooperation with Pony.ai,” Toyota China CEO Tatsuro Ueda said in the statement. Toyota has invested hundreds of millions of dollars in Pony.ai since the companies first teamed up in 2019. China has been at the forefront in the development of self-driving cars and Pony.ai has launched robotaxi services in Beijing, Shanghai, Shenzhen and Guangzhou. Automakers outside China have, however, retreated from ambitious rollout schedules predicted a few years ago amid regulatory roadblocks.