Autonomous robotaxi startup Pony.ai continues to expand the reach of its autonomous operations – this time venturing outside of China into the NEOM development of northwest Saudi Arabia. The company announced a new joint venture with NEOM today that includes an $100 million investment to establish a local presence and implement robotaxi rides across the Middle East.
Pony.ai Inc. is a technology company founded in 2016 that specializes in fully-autonomous mobility. Its robotaxi development has been supported through partnerships with global OEMs like Toyota, GAC Group, and NIO Capital, helping it become one of the trailblazers of driverless rides in China.
Since the launch of its robotaxi app in December 2018, Pony.ai has become the first to commercialize autonomous taxi services in the Chinese cities of Beijing and Guangzhou and one of the first companies licensed to operate in other tier-1 cities, like Shanghai an Shenzen. It has also expanded US cities like Tucson, Arizona.
Today, Pony.ai announced further operational expansions into the Kingdom of Saudi Arabia and beyond, with the help of the region’s futuristic urban development, NEOM.
Pony.ai robotaxis to bring sustainable travel to NEOM
The new partners shared details of the new joint venture today, which includes an $100 million investment in Pony.ai by the NEOM Investment Fund (NIF). Once the JV is successfully established, Pony.ai will setup a regional headquarters, complete with state-of-the-art R&D and manufacturing facilities in Saudi Arabia.
From there, the companies state Pony.ai will develop, manufacture, and operate a fleet of autonomous driving services led by advanced EVs in addition to the infrastructure to support their operations. This expansion strategy includes not only NEOM, but also key markets in the Middle East and North Africa (MENA). NEOM’s executive director of land mobility Terry Wong spoke:
The investment in Pony.ai is an essential part of our ambitious plans to build a smart, zero-emission, autonomous multi-modal transport system, connecting people and communities across NEOM, while incubating new technologies for the benefit of the world. With this investment, we are moving ever closer towards a new future for commuters and travelers – one that is safer, more convenient, and more sustainable.
Pony.ai is the latest innovator in advanced clean mobility joining the NEOM development, which is working to establish a multi-modal sustainable transport system powered by 100% renewable energy. Other technologies being implemented in the region include eVTOL air taxis and electric seagliders. Pony.ai co-founder and CEO Dr. James Peng also spoke to the new joint venture with NEOM:
We are delighted to partner with NEOM, to combine Pony.ai’s world-class autonomous driving technology and operations experience with NEOM’s vision to be the ‘the land of the future, where the greatest minds and best talents are empowered to embody pioneering ideas’ to develop, manufacture and deliver autonomous mobility services and vehicles to the region. As a leading global autonomous driving technology company, this major regional expansion for Pony.ai is a milestone for our global aspirations and our vision of ‘autonomous mobility everywhere’ and will advance the development of the global AV industry into a new stage.
Neither of the JV partners shared a timeline on when we may see Pony.ai’s robotaxi operations in NEOM and the rest of MENA, but we are sure to learn more as both entities push forward with their implementation of sustainable, autonomous technologies.
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Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Click here to learn more.
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Chevy EV owners in Texas who have Reliant as their electric utility can now charge for free at night with renewable energy.
Over 150 Chevrolet dealerships across Texas are now offering the Reliant Free Charge Nights plan to new EV buyers. With Free Charge Nights, customers can offset their charging costs by receiving credits for electricity used between 11 pm and 6 am. The plan is powered entirely by renewable energy, thanks to the purchase of renewable energy certificates (RECs).
Rasesh Patel, president of NRG Consumer, says the plan is about making power personal: “We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan.”
This collaboration aims to make EV adoption more appealing by making charging cheaper and greener. GM Energy’s chief revenue officer, Aseem Kapur, emphasized that partnerships like this help build the ecosystem needed to support an all-electric future: “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to make EV adoption an easy decision.”
Existing Reliant customers can also sign up for the Free Charge Nights plan. To get started, Chevrolet EV owners need to designate their vehicle on the GM Energy Smart Charging Portal before enrolling in the plan.
Reliant Energy, a subsidiary of NRG Energy, serves over 1.5 million customers in Texas, making it one of the largest electricity providers in the state.
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Texas is about to get a major power boost – a new AI-powered virtual power plant (VPP) delivering capacity equivalent to 200,000 homes during peak demand.
NRG Energy is teaming up with Renew Home to bring nearly 1 gigawatt (GW) of capacity to the Texas grid by 2035, aiming to make it more resilient while helping residents save on energy costs.
The new VPP will rely on hundreds of thousands of smart thermostats and other connected home devices, making use of AI technology provided by Google Cloud. These devices, like Vivint and Nest smart thermostats, will be offered to eligible customers at no cost. By automating HVAC adjustments, they help shift energy use to when electricity is cheaper, cleaner, and less strained.
NRG and Renew Home have big plans for the VPP. Starting in spring 2025, the companies plan to roll out the program across Texas, installing these smart thermostats in homes served by NRG’s retail electricity providers. Eventually, they plan to add home battery storage and EVs to expand the power plant’s capabilities.
Texas has faced record-breaking energy demands, with peak usage hitting 85 GW in 2023. As the state’s population grows and extreme weather becomes more frequent, VPPs like this one could play a key role in stabilizing the grid. VPPs aggregate a lot of small-scale energy resources, from smart thermostats to home batteries, and use them to help balance supply and demand during times of high stress on the grid.
This nearly 1 GW VPP will be one of the largest of its kind in Texas. NRG’s president of consumer operations, Rasesh Patel, calls it a “pivotal step” for improving customer experience while making Texas’ energy infrastructure more sustainable and resilient.
In addition to Renew Home, NRG is working with Google Cloud to maximize the power plant’s effectiveness. Google Cloud’s AI and analytics tools will help predict weather conditions, forecast renewable generation, and optimize energy usage, all of which will help make energy management smoother for both customers and the grid.
Ben Brown, CEO of Renew Home, said:
NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program.
This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.
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