on Oct. 10 it planned to invest $27 million in self-driving car startup Pony.ai through its wholly-owned subsidiary GAC Capital, a move expected to “create synergies” between the two companies and speed up the development of GAC's automated driving functions. The investment marks the latest bet by a Chinese automaker to boost their autonomous driving capacity in the hope of catching up with Tesla, which on the same day said it aims to produce its driverless taxi, the Cybercab, in 2026.
Jill Shen is a journalist who writes for TechNode.com, covering news and developments in the technology and automotive industries. Her articles focus on topics such as electric vehicles, new technologies, and business strategies of major companies in these sectors.