China's Hellobike sets up new robotaxi firm with Ant Group, CATL
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South China Morning Post
2 minutes ago
- South China Morning Post
Pony AI, nearing full-year robotaxi goal, eyes European markets
Pony AI is confident it will meet its 2025 robotaxi vehicle output target and is actively exploring new markets in Europe, even as the industry's commercialisation develops at an uneven pace across different regions. Advertisement Over 200 of Pony AI's Gen-7 Robotaxi vehicles have been rolled out since mass production started two months ago, putting the firm on track to hit its 1,000 vehicle goal by year-end, the company said. That will help it break even on a per-vehicle basis, Chief Executive Officer James Peng said in an interview on Wednesday. The company was founded in 2016 and started operating robotaxis in Guangzhou in 2018. The Guangzhou-headquartered firm's optimism comes as it eyes new markets in Europe. Road testing is being carried out in Luxembourg via mobility service provider Emile Weber, Peng said. Pony AI is also trialling its technology in South Korea, where it has obtained nationwide permits for robotaxi operations. It has a tie-up with Dubai's Roads and Transport Authority, and with Uber Technologies to deploy self-driving vehicles in the Middle East. Pony AI reported that its second quarter robotaxi revenue grew 158 per cent to US$1.5 million from the same period in 2024. Photo: Shutterstock Images 'In a year or two, once the regulations are ready, the local users are on board, then I think those markets will take off dramatically,' Peng said of foreign regions.
South China Morning Post
32 minutes ago
- South China Morning Post
National Games ticket sales to begin this month, using real-name registration
Tickets for China's National Games in November will be released in phases, with the first batch to be available from August 28, organisers said on Wednesday. An official ticketing platform has been launched and will use a real-name registration system to help prevent scalping, it was revealed at a joint press conference held in Guangzhou by representatives from Hong Kong, Guangdong and Macau, the three hosting regions. The first phase of tickets will be for 17 events, officials said. They will include football, basketball and gymnastics disciplines. Four of the eight competition sports being staged in Hong Kong will form part of the first phase of sales, with tickets to attend the rugby sevens, beach volleyball, men's handball and men's under-22 basketball events up for grabs. Yeung Tak-keung, head of the National Games Coordination Office in Hong Kong, explained the ticket pricing strategy, which was finalised after consultation with the city's co-hosts. Officials take part in a 100-day countdown ceremony at Hong Kong Velodrome this month. Photo: Dickson Lee
South China Morning Post
2 hours ago
- South China Morning Post
Sales of Singapore's million-dollar public flats hit record high
A record number of Singapore public housing units were sold for S$1 million (US$780,000) or more in the June quarter, a private data provider said on Wednesday, taking the number of high-value sales in the first half of the year to almost 75 per cent of last year's total. Advertisement Eight out of 10 Singaporeans live in public housing built and sold by the government, and its affordability is a key issue for policymakers alongside high living costs. According to real estate agency OrangeTee Group, a record 415 flats were sold at prices above S$1 million in the second quarter, a 75.8 per cent increase compared to the same period last year, after 348 sales in the first quarter. Sales of million-dollar flats this year are 'on track to exceed last year's full-year record of 1,035 units', OrangeTee Group analysts said in a report. The most expensive resale in the quarter was a 122-square-metre (1,313-square-foot) flat which sold for S$1,658,888, the report showed. A public housing block in Singapore's Chinatown. Eight in 10 Singaporeans live in government-built flats. Overall, resale prices rose 0.9 per cent on a quarterly basis, according to earlier government data. While prices have now risen for 21 straight quarters, it was the smallest rise since the second quarter of 2020, during the Covid-19 pandemic.
