GAC Group to invest $27 million in Pony.ai

Beijing (Gasgoo)- On the evening of October 10, GAC Group announced the resolutions of its 70th board meeting, which included a strategic investment in Pony.ai. The group’s wholly-owned subsidiary, GAC Capital, will invest $27 million (approximately 191 million yuan) in Pony.ai to enhance business collaboration and further the company's progress in the autonomous driving sector.

Pony.ai, a leader in autonomous driving technology, has been approved to provide fully driverless mobility services in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen. As of the end of August 2024, Pony.ai had accumulated over 35 million kilometers of autonomous driving test distance, with more than 3.5 million kilometers completed without a safety operator onboard.

OnTime Robotaxi; photo credit: OnTime

In 2022, GAC’s mobility service provider, OnTime, which was co-founded with Tencent, partnered with Pony.ai to launch mixed Robotaxi fleet operations in Nansha District in Guangzhou, integrating both human-driven vehicles and autonomous Robotaxis.