Pony.ai plans to establish a joint venture in Saudi Arabia's New Future City

Pony.ai announced plans to establish a joint venture with Saudi Arabia's NEOM in northwestern Saudi Arabia to provide autonomous driving technology solutions to the region. At the same time, Pony.ai also received a $100 million investment from NEOM and its investment fund NIF (NEOM Investment Fund) for global research and development of autonomous driving technology and operational investment.