Self-driving

China's industrial regulator has for the first time approved two Level 3 autonomous driving models, from Changan and Arcfox respectively.

Mercedes-Benz and Momenta have launched a robotaxi fleet based on the Mercedes S-Class sedan in Abu Dhabi, with plans to commence operations in 2026.

Hellobike anticipates small-batch deliveries of its L4 autonomous robotaxi models in March next year, with mass production slated for June.

Momenta has confidentially filed for a Hong Kong IPO, abandoning plans for a New York listing, according to Reuters.

Pony AI said its seventh-generation robotaxi has achieved city-wide unit economics breakeven in Guangzhou.

Pony AI has partnered with Estonian ride-hailing company Bolt to integrate autonomous vehicles into the latter's European taxi services.

The fourth-generation autonomous truck system reduces per-vehicle material costs by about 70 percent compared to the previous generation, Pony AI said.

As of press time, WeRide fell 12.18 percent and Pony AI dropped 13.96 percent.

Pony AI said the autonomous driving suite for its seventh-generation robotaxi costs 70 percent less than the previous generation.

WeRide CFO alleges Pony AI used deliberately disparaging language about WeRide in its roadshow materials, calling it a deception of investors.