Self-driving start-up Pony.ai plans to mass produce robotrucks in China

Self-driving start-up Pony.ai plans to mass produce robotrucks in China


Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry.

Pony.ai

BEIJING — Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry.

Annual production is set to reach about 10,000 trucks “within a few years,” according to a press release. Small-scale deliveries are set to begin this year and next, with mass production due to start in 2024.

The trucks are slated to come with “Level 4” autonomous driving technology, which would allow full self-driving on highways and urban roads, according to Pony.ai. “L4” is part of an industry classification system that designates full self-driving under specific conditions.

Under current rules in China, the robotrucks won’t be able to operate fully autonomously.

Pony.ai said it only has testing permits in Beijing and Guangzhou for autonomous trucks. But the company said it expects to operate L4 trucks in China as regulations develop.

Pony.ai’s autonomous driving system uses the Nvidia Drive Orin chip, similar to several Chinese electric car companies that offer drivers assisted-driving technology.

Some, but not all, of the planned trucks will be “new energy vehicles,” a category that includes electric vehicles.

Pony.ai declined Thursday to share additional information about cost per truck and whether the trucks would only be available in China.

Sany has offices globally, while Pony.ai also operates in the U.S. The robotruck mass production deal is part of a strategic joint venture between Pony.ai and Sany Heavy Truck, a Sany subsidiary.

Analysts generally expect robotrucks to take off more quickly than robotaxis due to the more uniform nature of truck routes along highways. Daily truck drives typically last for hours versus far shorter taxi rides.

Read more about electric vehicles from CNBC Pro



Source

Copper joins gold in broad commodities sell-off. There’s a worrying reason behind it
Finance

Copper joins gold in broad commodities sell-off. There’s a worrying reason behind it

Key Points Both precious and industrial metals fell in Thursday trading as investors are starting to worry this oil shock will go on long enough to cause an economic slowdown or recession. An unusual stagflation scenario is occurring with rates rising on inflation fears, while economic growth expectations are being lowered. But some warn that […]

Read More
Stocks making the biggest moves premarket: Micron, Alibaba, Five Blow, Newmont and more
Finance

Stocks making the biggest moves premarket: Micron, Alibaba, Five Blow, Newmont and more

Check out the companies making the biggest moves in premarket trading: Micron Technology — Shares shed nearly 7%. Micron reported a blowout quarter , with its adjusted earnings of $12.20 per share handily topping the $9.31 consensus estimate, per LSEG. Its revenue was $23.86 billion, compared to the $20.07 billion expected from analysts. Investors may […]

Read More
OpenClaw demand in China is driving up the price of used MacBooks
Finance

OpenClaw demand in China is driving up the price of used MacBooks

Key Points Jeremy Ji, chief strategy officer at ATRenew, told CNBC that the consumer electronics reseller is seeing more people trade-in their older MacBooks for a more powerful one. The increased demand comes as people in China rush to try the new OpenClaw artificial intelligence agent. Ji declined to share exact volume of MacBooks processed, […]

Read More