Pony AI (PONY) said Wednesday that it has unveiled its seventh-generation autonomous driving system, which it developed in collaboration with Toyota (TM), Beijing Automotive Group, and GAC.
The company said its most recent autonomous driving system is based on a 100% automotive-grade autonomous driving kit with an extended product lifecycle. It also said it had reduced bill-of-materials costs by 70% compared to its predecessor.
Shares of Pony AI were up more than 9% in recent premarket activity.
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