Overview
- Travis Kalanick, Uber’s former CEO, is reported to be working with investors to buy the U.S. arm of Pony.ai, a Chinese autonomous vehicle company.
- Sources indicate Uber could provide financing for the deal, though its precise role in Pony.ai remains unclear.
- Pony.ai’s shares rose about 12 percent on June 26, while Uber’s stock gained roughly 2.6 percent after news of the talks emerged.
- Earlier this week Uber and Waymo expanded their self-driving ride-hailing service to Atlanta as part of their existing partnership.
- Tesla launched a limited robotaxi service in Austin this month with around 20 cars entering initial testing.