The company, which has headquarters in California and the southern Chinese city of Guangzhou, has been testing autonomous cars on the roads.
Chinese driverless car startup Pony.ai has raised another round of funding, bringing its valuation to $5.3 billion, the company said on Friday.

A fund run by the Ontario Teachers’ Pension Plan Board led the $267 million investment which also involved existing investors. Pony.ai says it has raised a total of $1 billion to date.
  • CNBC
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  • Originally published November 6, 2020