Last year, Toyota and Pony.ai announced a pilot project to test autonomous vehicles in Chinese cities, with an aim to continue working together on self-driving projects in Asia. The time for strengthening the relationship is now, with Pony confirming it had received a $400 million investment from the Japanese automaker as part of its latest funding roundup.

Toyota doesn’t have an exclusive arrangement with the startup and is free to work with other companies. Pony already has other investors on board, operating autonomous testing hubs in California, Beijing, and Guangzhou. However, the investment from Toyota could mean it’s about to become a whole lot more important to the business, as the pair are already discussing new ways to collaborate once they’ve finished fielding testbed Lexus RXs to sharpen the firm’s software.  (Read More…)