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China: Pony.AI Wants Toe In European Water [Forbes]
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themselves on European streets, according to Leo Wang, the CFO, who spoke at the Ride AI conference April 15 in San Francisco. Verne had originally planned to launch a robotaxi service with their own custom built 2-seater robotaxi and Mobileye Drive, but the new service will use the Pony.AI self driving system and a Chinese Arcfox car, with ride-hail available through both the Uber app and a Verne app. Verne says it will continue development on the 2-seater for later deployment. Verne Plans Croatian Robotaxi, Dropping Mobileye With Chinese System Pony.AI is very interested in the European robotaxi market for good reasons. Europeans are rich, and unlike the USA, are open to Chinese vehicles and robotaxi companies operating there. The Chinese robotaxi market is large, but already getting competitive. Human driven rides in China are cheap and compete strongly with robotaxis. In lower income nations, the human driven taxi and the private car are both more affordable. Some people hav
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