Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley

Pony.ai wins first permit for fully driverless taxi operation in the center of China’s Silicon Valley


Key Points
  • In the latest step towards building a revenue-generating robotaxi business, Chinese startup Pony.ai said it has obtained the first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.
  • The permit allows Pony.ai to charge fares for rides — without any human staff inside — from the Shenzhen international airport and Shenzhen Bay Port to key parts of the district of Nanshan, home to tech giants Tencent and DJI.
  • While Pony.ai did not disclose how many robotaxis it could operate in the region, the company said the driverless cars could run daily from 7:30 a.m. to 10 p.m. local time.



Source

Fed considering changes to what constitutes a ‘well-managed’ bank
Finance

Fed considering changes to what constitutes a ‘well-managed’ bank

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022. Joshua Roberts | Reuters The Federal Reserve is taking another step toward easing regulation for big financial institutions, this time […]

Read More
Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more
Finance

Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more

Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but […]

Read More
‘YOLO’-buying EVs: As ,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal
Finance

‘YOLO’-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal

Key Points President Donald Trump’s so-called “big beautiful bill” ends federal EV tax credits after Sept. 30. Consumers may rush to buy or lease an electric vehicle before that deadline to get a tax break. Tesla said now is the time to “YOLO” purchase an EV, referencing the fast-approaching deadline. Source

Read More