Pony.ai and toyota to form joint venture to advance mass production of l4 autonomous vehicles

Fremont, calif.--(business wire)--pony.ai, a leading global autonomous driving company, held a joint venture signing ceremony today with toyota motor (china) investment co., ltd. (tmci) and gac toyota motor co., ltd. (gtmc). the three parties announced that they will form a joint venture to jointly advance the future mass production and large-scale deployment of fully driverless robotaxis. the joint venture company will be established in 2023, with an estimated investment of more than rmb 1 bil.
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