Beijing (Gasgoo) – On the evening of October 10, GAC Group announced the decisions made at its 70th board meeting, which included a strategic investment in Pony. ai. GAC’s wholly-owned subsidiary, GAC Capital, will invest $27 million (about 191 million yuan) in Pony. ai to strengthen business collaboration and advance the company’s development in the autonomous driving field. Pony. ai, a leading company in autonomous driving technology, has received approval to offer fully driverless mobility services in major cities such as Beijing, Shanghai, Guangzhou, and Shenzhen.
By the end of August 2024, Pony. ai had logged over 35 million kilometers in autonomous driving tests, with over 3. 5 million kilometers conducted without a safety operator onboard. OnTime Robotaxi; photo credit: OnTime In 2022, GAC’s mobility service provider OnTime, co-founded with Tencent, partnered with Pony. ai to initiate mixed Robotaxi fleet operations in Guangzhou’s Nansha District, combining human-driven vehicles and autonomous Robotaxis in the service.
GAC Group Invests $27 Million in Pony.ai to Boost Autonomous Driving Innovation
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Editor’s note: This article is co-authored by Bart Willemsen and Penny Gillespie, VP Analysts at Gartner.
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