China's robotaxi firm Pony AI valued at $5.25 billion as shares jump in strong Nasdaq debutThe IPO comes after nearly two years of uncertainty following Didi Global's delisting amid regulatory backlash in China, with Beijing easin...
28 Nov, 2024, 11.45 AM IST
Uber said to be in talks to invest in US IPO of China’s Pony AIUber has tied up with several other automated driving tech firms recently, including robotaxi operator Waymo and an undisclosed investment ...
21 Nov, 2024, 04.35 PM IST
Why 'Stupid Radishes' are causing panic in ChinaLiu Yi, a ride-hailing driver in Wuhan, faced competition from robotaxis launched by Baidu's Apollo Go. China's rapid adoption of autonomou...
08 Aug, 2024, 12.48 PM IST
China's drivers fret as robotaxis pick up pace - and passengersSelf-driving technology remains experimental but China has moved aggressively to green-light trials compared with the US which is quick to ...
08 Aug, 2024, 08.15 AM IST
China is testing more driverless cars than any other countryAcross China, 16 or more cities have allowed companies to test driverless vehicles on public roads, and at least 19 Chinese automakers and ...
15 Jun, 2024, 12.12 AM IST
China moves to strengthen innovation in smart drivingChina plans to support firms in the smart vehicle supply chain to form innovation consortia in order to foster technological breakthroughs ...
02 Oct, 2023, 10.19 AM IST
Pony.ai gets permit for driverless robotaxi services in China's GuangzhouThe Toyota Motor Corp-backed startup, which has operations in China and the US, now has permits for fully driverless robotaxis in China's c...
26 Apr, 2023, 03.16 PM IST
Baidu wins permit to offer driverless robotaxi service in BeijingWith the permit, Baidu's Apollo service will deploy 10 fully autonomous vehicles in a technology park developed by the government of Beijin...
17 Mar, 2023, 12.37 PM IST
Mubadala-backed UAE firm sets up $10 billion fund for tech dealsThe new fund will be managed by a unit of G42 and target late-stage growth companies with disruptive technologies. It will operate as a pri...
18 Aug, 2022, 12.18 PM IST
Robotaxi startup Pony.ai gains taxi license in China cityAccording to the company's statement, in Nansha it will start charging fares in the entire 800 square km of the district with driverless ca...
24 Apr, 2022, 03.48 PM IST
Baidu, Pony.ai approved for robotaxi services in BeijingChinese tech group Baidu Inc and self-driving startup Pony.ai have won approval to launch paid driverless robotaxi services that will see t...
25 Nov, 2021, 11.26 AM IST
China's Baidu to launch paid driverless ride-hailing services in BeijingBaidu's driverless Apollo Robotaxi, to be launched in the Chinese capital's Shougang Park, will operate without a safety driver behind the ...
29 Apr, 2021, 12.33 PM IST
India lost R&D centre crown to China last yearIn 2017, China left India behind by a big margin in attracting engineering and research & development captive facilities of global firms.
16 Mar, 2018, 11.56 AM IST
Dear Uber, Didi is coming for you with record fundingDidi has powerful supporters of its vision, including SoftBank Group Corp., whose founder Masayoshi Son is famous for making big bets.
01 May, 2017, 01.32 AM IST
With record funding & partnerships in countries like India, Didi is now gunning for UberDidi's record funding round is said to value the company at more than $50 billion and gives it a war chest to ramp up efforts to harness ar...
29 Apr, 2017, 11.43 AM IST
China's Baidu to mass-produce driverless cars in 5 yearsPresident Zhang Yaqin said Baidu will carry out road tests of driverless cars in 10 Chinese cities, with the aim to commercialise the techn...
28 Jun, 2016, 01.50 PM IST
Driverless bus in China completes successful test runsThe bus is installed with two cameras, four laser radars, one set of millimetre wave radar and integrated navigation system.
08 Sep, 2015, 06.07 PM IST