China’s highest-valued autonomous driving startup, Toyota-backed Pony.ai is among the first to offer robotaxis to the public in both China and the US.
Why
Safety concerns
People have become increasingly concerned about self-driving cars after a couple of fatal accidents.
Few self-driving testing opportunities
Difficult to obtain license to test self-driving cars on open roads in China.
Market
$556.67bn
Forecast global autonomous-driving vehicle market by 2026, per Allied Market Research; Gartner expects 745,705 such vehicles in the market in 2023, versus 137,129 in 2019.
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