Chinese carmaker GAC to invest a combined $105m in Pony.ai, Chenzhi

Chinese carmaker GAC to invest a combined $105m in Pony.ai, Chenzhi

Photo from Guangzhou Automobile Group (GAC)

Chinese state-owned carmaker Guangzhou Automobile Group (GAC) is investing a combined $104.8 million in the country’s IPO-bound autonomous driving startup Pony.ai and auto parts manufacturer Chenzhi Technology.

Edited by: Pramod Mathew