Toyota bets $400 million on a Pony
 

Filed under: Earnings/Financials,Toyota,Emerging Technologies,Autonomous,Future
HONG KONG/BEIJING (Reuters) - Autonomous driving firm Pony.ai said on Wednesday it has raised $462 million (425 million pounds) in its latest funding round, led by an investment by Japan's largest automaker Toyota Motor Corp. Toyota invested around $400 million in the round, Pony.ai said in a statement, marking its biggest investment in an autonomous driving company with a Chinese background. The investment by Toyota comes at a time when global car makers, technology firms, start-ups and invesContinue reading Toyota bets $400 million on a Pony
Toyota bets $400 million on a Pony originally appeared on Autoblog on Wed, 26 Feb 2020 09:38:00 EST. Please see our terms for use of feeds.


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