Pony.ai Europe Secures Luxembourg Robotaxi Testing Permit
Rhea-AI Summary
Pony.ai (NASDAQ: PONY) has secured a scientific testing permit for Level 4 autonomous driving from Luxembourg's Ministry of Mobility and Public Works. This milestone expands the company's global testing presence beyond China, the United States, and South Korea.
The European division's achievement follows Pony.ai's strategic establishment of Luxembourg as its European hub for research, development, and deployment. The company will initiate on-road testing through a partnership with Emile Weber, Luxembourg's leading mobility solutions provider, integrating autonomous driving technologies into the country's transportation network.
Luxembourg's Minister for Mobility and Public Works, Yuriko Backes, emphasized the government's support for autonomous driving innovation, viewing it as a transformative technology for safer and more efficient mobility solutions.
Positive
- Expansion into new European market through Luxembourg testing permit
- Strategic partnership with established local mobility provider Emile Weber
- Government support and recognition for autonomous driving initiatives
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, PONY declined 8.47%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
This milestone follows the company's establishment of Luxembourg as a European hub for research, development, and deployment. The initiative aims to accelerate autonomous driving innovation and integrate self-driving technologies into the country's next-generation transportation network.
Luxembourg's Minister for Mobility and Public Works Yuriko Backes said: "The issuance of the testing permit marks an important milestone for the future of mobility. Autonomous driving is a major innovation that can transform our daily lives. The government is pleased to support companies like Pony.ai in their quest for new technologies and is committed to supporting initiatives that aim to make mobility safer and more efficient."
Under the newly granted permit, Pony.ai will commence on-road testing in collaboration with Emile Weber, Luxembourg's premier mobility solutions provider. The collaboration leverages Emile Weber's expertise in delivering integrated mobility solutions across public transit, private transportation, and tourism sectors.
Dr. James Peng, Co-founder and CEO of Pony.ai, commented: "Pony.ai is honored to be among the first companies awarded a permit for autonomous vehicle testing in Luxembourg. Establishing our European hub in Luxembourg reinforces our commitment to making it the leading destination for autonomous mobility in
About Pony.ai
Pony.ai
About Pony.ai
Pony AI Inc. ("Pony.ai") (NASDAQ: PONY) is a global leader in the large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology – a full-stack autonomous driving technology that seamlessly integrates its proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases.
Founded in 2016, Pony.ai has expanded its presence across
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SOURCE Pony.ai