SHANGHAI: Toyota Motor Corp invested US$400 million in Pony.ai to strengthen its ties with the Chinese provider of driverless-car systems.
For Pony.ai, a relationship with Toyota is a vote of confidence as it seeks to take on US rivals such as Alphabet Inc’s Waymo. On Wednesday, the company announced a service to City of Fremont employees, offering last-mile rides in its autonomous vehicles between a local transport hub and some of Fremont’s public buildings.
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