The deployment of autonomous vehicles on a familiar ride-hailing app might help Pony.ai get closer to making money from its pilot projects.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.
The development hints that China is closing in on the US and Israel.
The department’s entire fleet contains drones with Chinese-made parts.