Comment on Toyota saddles up for self-driving future with $400M investment into Pony.ai

Toyota saddles up for self-driving future with $400M investment into Pony.ai

One of the world’s largest car makers, Toyota, has further demonstrated its intent on supporting self-driving vehicles. The Japanese carmaker is planning to invest $400 million into Pony.ai, a Chinese self-driving car startup that’s based across Silicon Valley in the US and Guangzhou in China, Bloomberg reports. [Read: New algorithm for self-driving vehciles has a bold ‘collision-free guarantee’] With the latest round of funding, Pony.ai is reportedly now valued at around $3 billion.

 

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