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Chinese robotaxi firm Pony.ai bets on ‘asset-light’ strategy for growth (www.scmp.com)

submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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Chinese autonomous-driving technology firm Pony.ai is betting on an “asset-light” strategy and newer generations of low-cost driverless cars to drive growth for its robotaxi operation as the company expects to break even by 2030. Under the asset-light model, Pony.ai would team up with third-party companies – such as taxi operators or ride-hailing platforms – that would fund the deployment of its robotaxi fleet, according to Leo Wang Haojun, chief financial officer. Instead of taking on the full...

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