Baidu and Pony.ai's autonomous driving vehicles test on the street in Yizhuang in Beijing's southern suburb. [Photo provided to CHINA DAILY]Chinese self-driving startup Pony.ai announced on Wednesday that it has obtained an investment of $100 million from NEOM - a smart city being built in northwestern Saudi Arabia - and the NEOM Investment Fund. Pony.ai and NEOM will develop, manufacture and deliver autonomous driving services, advanced vehicles and smart vehicle infrastructure in NEOM and key markets in the Middle East and North Africa region. NEOM is an ideal strategic industrial location for the development of Pony.ai's autonomous vehicle technology within the region, the company said. Pony.ai's autonomous driving technology is already available today, and we are excited to be able to utilize it in NEOM in the near future," Majid Mufti, CEO of the NEOM Investment Fund.

Source: The North Africa Journal October 26, 2023 14:28 UTC