Pony.ai has been granted permission to deploy its driverless robotaxi in Beijing. The company is one of the first batches of companies to obtain such a type of permit to test autonomous vehicles in the country.
As per Reuters, Pony.ai, which is an autonomous vehicle technology company, is also testing fully driverless autonomous taxis in Guangzhou. The other firm that was given the permit for similar road testing is Baidu Inc. tech company.
Baidu said it obtained its first license to test out driverless vehicles in China. It also revealed its plans to release more robotaxis to be deployed across China this year. The aim is to add at least 200 units to its network.
It was noted that Baidu is mainly known for its internet search engine business, where it is also getting most of its profits. But lately, it has been focusing on its self-driving technologies, and for the past five years, it was able to do more in this line of business as it looks to diversify and have another source of revenue.
In fact, last year, Baidu unleashed its Apollo Go robotaxi service and also started to charge fees for the rides. Apollo Go has been operating in two cities - Wuhan and Chongqing - with no safety driver onboard; thus, they are completely autonomous. Baidu said that these taxis had already engaged in a total of 1.4 million driverless rides at the end of the third quarter of 2022.
Meanwhile, Pony.ai stated in a press release that “The issuance of this permit represents that autonomous testing in Beijing has entered the third stage of ‘fully driverless. The company added that “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.”


Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay
Elon Musk Fuels SpaceX-Tesla Merger Speculation After Earnings Call
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook
Oil Prices Extend Four-Day Rally as U.S.-Iran Conflict and Red Sea Threats Raise Supply Fears
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves
Asian Stocks Rally on AI Spending Optimism as Middle East Tensions Push Oil to Six-Week High
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 



