Legend Capital has invested in Pony.ai, which successfully listed on NASDAQ, strengthening its position in the competitive autonomous driving market.

Information on the Target

Pony.ai, established in 2016, has successfully listed on the NASDAQ under the ticker symbol 'PONY' as of November 27, 2024. The company specializes in providing comprehensive, advanced, and reliable autonomous driving technologies, with the mission to revolutionize transportation and make autonomous mobility accessible to all. Pony.ai aims to create a 'Virtual Driver' capable of being applied across various vehicle models and scenarios while expanding its services into autonomous ride-hailing (Robotaxi), autonomous freight (Robotruck), and technical licensing applications.

The company has established research and development centers in major cities including Silicon Valley, Beijing, Shanghai, Guangzhou, Shenzhen, and Luxembourg, while also extending its autonomous driving operations internationally in regions like South Korea, Luxembourg, Saudi Arabia, and the UAE. In December 2018, it launched the first domestic autonomous ride-hailing service in China, PonyPilot. Pony.ai has been a pioneer in acquiring autonomous driving service licenses across China's top-tier cities, such as Beijing, Shanghai, Guangzhou, and Shenzhen. With nearly 40 million kilometers of autonomous driving testing completed, including almost 4 million kilometers of driverless testing, the foundation for large-scale and unmanned services has been solidified.

Industry Overview

The autonomous driving industry in China has seen remarkable growth, propelled by advancements in artificial intelligence and government support for innovation in smart transportation. The Chinese government has been increasingly supportive of integrating AI technologies into various sectors