Pony.ai makes the PonyAlpha autonomous driving system that supports “level 4 autonomous cars,” or vehicles that can operate without human oversight in predictable environments like college campuses, small towns and industrial parks.
Its operating system of lidars, radars, and cameras has been deployed in a number of pilot tests with partners, including programmes with Toyota and Hyundai, and the company is one of a limited number of autonomous driving startups to be granted permits for robo-taxi operations in California. Cars running on its system have also been put through road tests in Beijing, Shanghai and Guangzhou.
Former Baidu chief architect James Peng founded Pony.ai in 2016 with Tiancheng Lou, who worked at Google’s autonomous car project before it was hived off into Waymo. As of early this year Pony.ai had raised a little over $1 billion in investment and was claiming a valuation of $5.3 billion.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.