China Business

Chinese autonomous driving firm Pony.ai is betting on an asset-light strategy and newer generations of low-cost driverless cars to drive growth for its robotaxi operation, expecting to break even by 2030. Under this model, the company will team up with third-party firms like taxi operators or ride-hailing platforms to fund fleet deployments. Last month, it expanded its partnership with Sunlight Mobility, which operates in over 180 cities, to launch an initial robotaxi fleet in Guangzhou.