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Stock impact report

Toyota-backed Pony.ai to offer autonomous delivery service in California [Reuters]

Toyota Motor Corporation (TM) 
US:NYSE Investor Relations: toyota-global.com/investors
Company Research Source: Reuters
Toyota-backed Pony.ai to offer autonomous delivery service in California BEIJING (Reuters) - Toyota-backed self driving company Pony.ai said on Friday it would provide an autonomous delivery service to residents of Irvine, California, as demand for online orders surges because of the coronavirus lockdown. As some 90% of U.S. shoppers are under stay-at-home orders, a jump in demand for package and grocery delivery has left e-commerce platforms struggling to cope. In response, Amazon has said it plans to hire 75,000 more people for jobs ranging from warehouse staff to delivery drivers. Pony.ai said in a statement it would use autonomous electric vehicles to deliver packages from local e-commerce platform Yamibuy to customers in Irvine, California, which has a population of more than 200,000. The autonomous fleet comprises 10 electric Kona sport-utility vehicles, made by Hyundai and its deliveries will mark Pony.ai’s first attempt to deliver goods, rather than transport passengers. As pa Show less Read more
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