Overview
- Shenzhen granted the first citywide permit for fully driverless robotaxi service to Pony.ai and Shenzhen Xihu Corporation Limited, with operations starting in Nanshan, Qianhai and Baoan before expanding citywide.
- The approval is described as a milestone for China’s push to integrate autonomous vehicles into everyday urban transport.
- Pony.ai and Xihu plan to deploy more than 1,000 seventh-generation robotaxis across the city in the coming years under their June partnership.
- The company reported production of its 300th ARCFOX Alpha T5 and says its seventh-generation vehicle, developed with Toyota, BAIC and GAC, cuts materials costs by 70% versus earlier models.
- Pony.ai launched a Hong Kong IPO on October 28, offering 41,955,700 Class A shares through public and international tranches.