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Yahoo
7 days ago
- Business
- Yahoo
Pony AI and Xihu Group partner for Shenzhen robotaxi deployment
Pony AI has announced a partnership with Shenzhen Xihu Group to deploy over 1,000 of its seventh-generation robotaxis in Shenzhen in coming years. This collaboration marks a milestone in integrating autonomous driving with local mobility networks, aiming to accelerate the deployment of intelligent mobility services in tier-one cities in China. Xihu Group, the 'city's largest taxi operator', will play a crucial role in enabling Pony AI to scale up its robotaxi services. The partnership will leverage Xihu Group's expertise in taxi fleet operation, regulatory compliance, and service networks, combined with Pony AI's proprietary technology and AI-powered order dispatch capability, to deliver a seamless autonomous mobility experience. The partnership will adopt an "asset-light + AI-empowered model", allowing Xihu Group to leverage its strengths in fleet operations and benefit economically, while Pony AI focuses on AI technology innovations and scalable robotaxi dispatch. Pony AI is the first company authorised to operate paid fully-driverless robotaxis in Shenzhen's city centres, demonstrating its technical capabilities in navigating complex urban environments. The company plans to continue collaborating with transportation service providers, automakers, and third-party partners to promote the mass deployment of autonomous mobility. In addition to this partnership, Pony AI has entered a strategic agreement with Dubai's Roads and Transport Authority in May to bring its advanced robotaxi fleet to the region. Dubai's plan aligns with its 2030 Smart City Vision to make 25% of its transport autonomous by 2030, starting with supervised trials in 2025 and advancing to complete driverless operations by 2026. "Pony AI and Xihu Group partner for Shenzhen robotaxi deployment" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
PONY AI Inc. Reaches Strategic Partnership with Xihu Group for Robotaxi Deployment in Shenzhen
SHENZHEN, China, June 02, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced a strategic partnership with Shenzhen Xihu Corporation Limited ('Xihu Group'), the city's largest taxi operator, to jointly deploy a fleet of more than 1,000 seventh-generation ('Gen 7') Robotaxis in Shenzhen in the coming years. This partnership marks a significant milestone in integrating autonomous driving with local mobility networks by adopting an "asset-light + AI-empowered model", accelerating the large-scale deployment of safe, efficient, and intelligent mobility services to a broader passenger base in tier-one cities in China. Xihu Group has extensive experience in fleet management with decades of experience in taxi fleet operation, local regulatory compliance and services and maintenance network, playing a crucial role in enabling to scale up Robotaxi services. By integrating Xihu Group's expertise with proprietary hardware-and-software technology, AI-powered order dispatch capability and deep understanding of user needs, both parties will work together to deliver a seamless autonomous mobility experience. Under the terms of the agreement, and Xihu Group will jointly deploy more than 1,000 Gen 7 Robotaxis in Shenzhen in the coming years. In addition, it is expected to be further empowered by an "asset-light + AI-empowered model", wherein Xihu Group will leverage its strength on fleet and asset operations, safety and service guarantees, and benefit economically from the fleet and asset operations. Meanwhile, will focus on AI technology innovations and scalable Robotaxi dispatch and service, creating a mutually beneficial outcome and accelerating the large-scale development. As the first company authorized to operate paid fully-driverless robotaxis within Shenzhen's city centers, has proven technical capabilities in navigating complex urban environments including tunnels, dense traffic, and irregular intersections. Going forward, will continue collaborating with more transportation service providers, automakers and third-party partners to promote mass deployment of autonomous mobility. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates proprietary software, hardware, and services, is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: About Shenzhen Xihu Corporation Limited Established in 1979, Shenzhen Xihu Corporation Limited is a large-scale comprehensive group with transportation as its main business, cultural tourism real estate and financial capital operation, integrating transportation, industry, trade, tourism, real estate, education and environmental protection industrial parks. Xihu Group is renowned in the Shenzhen industry for its high-quality service and standardized management, well-known as a pure electric taxi operator. Currently, it has nearly 5,000 electric taxis. Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in filings with the SEC. All information provided in this press release is as of the date of this press release, and does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: RelationsEmail: ir@ RelationsEmail: media@ Christensen AdvisoryEmail: pony@ in to access your portfolio
