Tag: Venture
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Toyota Varieties Joint Enterprise With Pony.ai To Mass Produce Robotaxis In China
Toyota Motor China Funding (TMCI), GAC Toyota Motor Co. (GTMC), and Pony.ai have introduced they are going to kind a three way partnership with the aim of mass producing Degree 4-capable autonomous taxis and deploying these robotaxis at a big scale, the three entities mentioned in a joint assertion. Startup Pony.ai already operates round 200…
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Toyota-GAC Joint Enterprise Lays Off 1,000 Employees In China
Toyota is dealing with extreme challenges in China. A latest report states that the Japanese automaker prematurely terminated the contracts for 1,000 employees on the planet’s largest automotive market. The model’s three way partnership in China, with state-owned Guangzhou Vehicle Group (GAC), laid off employees over the weekend and provided them compensation, in accordance with…