Strong Q1 earnings show China’s robotaxis are on the right lane

Strong Q1 earnings show China’s robotaxis are on the right lane

FILE PHOTO: A safety driver monitors a Lexus vehicle equipped with Pony.ai's autonomous driving system as the car drives on a road during a test event, in Beijing, China May 13, 2021.REUTERS/Tingshu Wang/File Photo

China’s autonomous ride-hailing sector is gaining momentum, with top players including Pony AI Inc. and WeRide Inc. reporting strong first-quarter results that reflect rising demand and renewed policy support for the still-nascent industry.

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