financetom
Business
financetom
/
Business
/
Uber partners with China's Pony AI to deploy self-driving taxis in key Middle East market
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Uber partners with China's Pony AI to deploy self-driving taxis in key Middle East market
May 26, 2025 1:50 AM

May 6 (Reuters) - Uber ( UBER ) said on Tuesday it was partnering with Pony AI

to deploy the China-based robotaxi developer's vehicles onto its ride-hailing platform, marking

the latest in a series of tie-ups aimed at strengthening its presence in the fledgling robotaxi

sector.

The partnership will launch in a key market in the Middle East later this year and will roll

out to more international markets in the future.

During the initial pilot phase, Pony AI's vehicles will include a safety operator onboard

before transitioning to a fully autonomous commercial launch.

Uber ( UBER ) has signed several new partnerships and expanded existing collaborations in recent

weeks, aiming better compete with Lyft ( LYFT ) and EV-maker Tesla in the robotaxi

market.

The company announced deals with self-driving technology firms May Mobility and Momenta last

week and recently expanded its partnership with China's WeRide ( WRD ) to enter 15 more cities

globally. Last year, the company also expanded its tie-up with Alphabet's Waymo.

U.S.-listed shares of Pony AI, which debuted on Nasdaq in November, jumped nearly 13% in

premarket trading, while Uber ( UBER ) shares ticked 1% lower.

Despite the engineering and regulatory hurdles, tech and EV companies have been racing to

develop self-driving systems and eyeing large-scale commercial deployment of robotaxis.

The U.S. federal government is also facilitating the deployment of self-driving vehicles by

expanding exemptions from specific safety requirements while maintaining mandatory incident

reporting.

Founded in 2016 and backed by Toyota ( TM ), Guangzhou-based Pony AI has been exploring

expansion into South Korea, Luxembourg, the Middle East and other countries. It currently has

robotaxi service licences in Beijing, Shanghai, Guangzhou and Shenzhen and is seeking to launch

the services in Hong Kong.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved