Pony AI has also partnered with Luxembourg-based mobility company Emile Weber, and the two companies are working together to accelerate the development and deployment of autonomous vehicles and technology.
(Image courtesy of Pony AI)
Pony AI will open a European R&D center in Luxembourg in September, with the Chinese self-driving startup saying it will focus on exploring and developing cutting-edge areas of self-driving and launching customized solutions for the European market. It was announced today.
The company will use its research and development center to promote autonomous driving technology and products and carry out collaborative activities in Luxembourg and throughout Europe, the company said in a statement.
This is the latest development since Pony AI signed a memorandum of understanding (MoU) on autonomous driving with the Luxembourg government in March this year.
Additionally, Pony AI signed a memorandum of understanding with Luxembourg-based mobility company Emile Weber on October 23, under which the two companies will collaborate to accelerate the development and deployment of autonomous vehicles and technology.
According to the announcement, Emil Weber is a Luxembourg-based integrated mobility service provider with over 150 years of business history, whose main activities include public and private transport services, taxi operations, vehicle rental and tourism. Includes service provision.
Pony AI and Emile Weber have agreed that autonomous driving will play a key role in Luxembourg’s future transport ecosystem, the Chinese startup said.
The partnership is an important part of Pony AI’s globalization strategy and will bring its self-driving technology capabilities, engineering experience and product systems to more markets by working with industry partners, said the company’s co-founder and CEO. CEO Peng Jun said.
Pony AI currently has R&D centers in China, the United States, and Europe, and is increasing its presence overseas as its L4 self-driving technology, robotaxi, and robot truck business models mature, the company added. .
In addition to Luxembourg, Pony AI also operates self-driving businesses in South Korea, Saudi Arabia, and the United Arab Emirates.
Pony AI filed its initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC) last week and plans to list on the Nasdaq under the ticker symbol PONY.
The startup, backed by Toyota and Nio Capital, has raised more than $1.3 billion in seven rounds of funding ahead of its planned IPO.
Chinese self-driving startup Pony AI files for U.S. IPO
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