ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Pony.ai Approved to Deploy Fully Driverless L4 Autonomous Vehicles in Beijing

Among the first batch of two companies to receive a driverless testing permit

Pony.ai is also testing fully driverless autonomous vehicles in Guangzhou

Pony.ai, a leading global autonomous driving technology company, announced that it has been issued a fully driverless autonomous vehicle road test permit by the Beijing Intelligent Connected Vehicle Policy Pilot Zone. With this new permit, Pony.ai will deploy ten driverless robotaxis for testing in challenging urban traffic scenarios across a 20 square kilometer (7.7 square mile) area in the pilot zone in Yizhuang, Beijing. The autonomous vehicles will be tested without anyone in the vehicle; a safety officer will monitor the test vehicles remotely. As with the other regulatory approvals in Beijing over the last year, Pony.ai is in the first batch of only two AV companies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221230005186/en/

Pony.ai robotaxi in Beijing (Photo: Business Wire)

Pony.ai robotaxi in Beijing (Photo: Business Wire)

In addition to receiving the driverless permit in Beijing, Pony.ai is also currently testing fully driverless vehicles in Guangzhou, laying the groundwork for future driverless applications and commercial operations.

Over the past year, the Beijing Intelligent Connected Vehicle Policy Pilot Zone has announced a number of industry-leading autonomous driving policies in succession. In October 2021, the pilot zone opened up autonomous driving unmanned road tests for the first time and divided "autonomous" testing into three stages: 1) "nobody behind the steering wheel but with a safety operator in the passenger seat", 2) "nobody in the front row, but with a safety operator in the back row", and 3) "fully driverless". The issuance of this permit represents that autonomous testing in Beijing has entered the third stage of "fully driverless". To enter this third stage, AV test vehicles need to have met strict technical and operational requirements such as test mileage and disengagement rate; Pony.ai’s ten test vehicles successfully passed the tests without any safety issues.

This permit builds upon other recent autonomous driving milestones for Pony.ai in Beijing: in November 2022, Pony.ai received approval to test with a safety operator in the back seat of the car, without anyone in the front row (stage two of the three stages). In July 2022, Pony.ai received a permit to provide fare-charging robotaxi services with a safety driver in the passenger seat. In April 2022, Pony received a permit for non-fare charging robotaxi rides in Beijing and received a license to operate as a taxi service in Guangzhou, becoming the first and only AV company to receive a taxi license in China.

About Pony.ai

Leading global autonomous driving technology company Pony.ai, Inc. (“Pony.ai”) is pursuing an ambitious vision for autonomous mobility. We aim to bring safe, sustainable, and accessible mobility to the entire world. We believe that autonomous technology can make our roads exponentially safer for travelers. Founded in late 2016, Pony.ai has been a pioneer in extending autonomous mobility technologies and services at a rapidly expanding footprint of sites around the world. Pony.ai has formed partnerships with leading OEMs, including Toyota, SAIC, SANY, FAW Group, GAC Group, etc. To date, Pony.ai has driven over 12 million autonomous testing and operation miles worldwide.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  248.40
+0.00 (0.00%)
AAPL  269.43
+0.00 (0.00%)
AMD  243.98
+0.00 (0.00%)
BAC  53.42
+0.00 (0.00%)
GOOG  290.59
+0.00 (0.00%)
META  631.76
+0.00 (0.00%)
MSFT  506.00
+0.00 (0.00%)
NVDA  199.05
+0.00 (0.00%)
ORCL  240.83
+0.00 (0.00%)
TSLA  445.23
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.