Start-up Pony.ai says it’s the first self-driving company to get a taxi license in China

Start-up Pony.ai says it’s the first self-driving company to get a taxi license in China


Autonomous driving start-up Pony.ai can collect fares for robotaxi rides in parts of two major Chinese cities as of Sunday.

Pony.ai handout

BEIJING — Self-driving start-up Pony.ai announced Sunday it received a taxi license, the first of its kind in China.

The license allows Pony.ai to operate 100 self-driving cars as traditional taxis in the Nansha district of the southern city of Guangzhou, the company said.

The Chinese start-up, which is backed by Toyota, received approval from Beijing city late last year to charge fees to operate a commercial robotaxi business in a suburban district of the city. It is not the same as a taxi licence.

Baidu’s Apollo Go also received approval in the same Beijing district last year.

Pony.ai was valued at $8.5 billion in early March. The company said its Nansha taxi license required 24 months of autonomous driving testing in China and/or other countries, and no involvement in any active liability traffic accidents, among other factors.

The start-up said it plans to launch commercial robotaxi businesses in two other large Chinese cities next year. The company is already testing self-driving cars in those cities and in California. 

Robotaxis in China currently have a human driver present for safety.

— CNBC’s Arjun Kharpal contributed to this report.



Source

European markets set to open lower ahead of central bank bonanza
World

European markets set to open lower ahead of central bank bonanza

European stocks are expected to open in negative territory on Thursday as traders prepare for central bank decisions today. Source

Read More
U.S. approves largest ever arms sale to Taiwan as tensions simmer around the island
World

U.S. approves largest ever arms sale to Taiwan as tensions simmer around the island

Military vehicles queue to launch U.S.-made TOW A2 missiles during a live firing exercise in Pingtung county on July 2023. Sam Yeh | Afp | Getty Images The U.S. on Thursday approved its largest arms sale to Taiwan, at $11.15 billion, as the island faces growing threats from China and has been a subject of […]

Read More
BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
World

BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit

The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images Oil and gas major BP said it had appointed Meg O’Neill, the head of Australia’s Woodside Energy, as its next CEO to lead its effort […]

Read More