The startup has two offices, one in China and the other in Silicon Valley, and is working with Toyota to help the Japanese automaker come out with a pilot test for self-driving vehicles that is reportedly coming out in the near future. James Peng, CEO and Co-Founder of Pony.ai, clearly knows what he's talking about when it comes to autonomous vehicles, which is why it's interesting that he said they'd be out within the next five years.
Autonomous Cars Coming In 5 Years
In an interview with CNBC, Peng claims that autonomous cars that will ferry passengers to work aren't that far away. "If I have to give a number, I'll probably say in five years," said Peng. "We'll definitely see a wide adoption of autonomous driving vehicles – fully autonomous driving vehicles – on the open roads."
With Peng having offices in both China and the U.S., it's only safe to assume he's referring to those two countries when he's talking about the rise of driverless cars. Besides partnering with Toyota, Pony.ai has also started working with Hyundai to come out with an on-demand vehicle service for individuals in Irvine, CA, claims the outlet. The driverless Hyundais are utilizing technology from Pony.ai to drive autonomously.
Numerous brands and automakers may be working on driverless cars, but Peng stated that Alphabet's Waymo is still the company to beat. That says a lot as General Motors, Audi, Toyota, Ford, and Volkswagen are throwing large amounts of money toward driverless tech. With Waymo in the lead, it's likely that the brand could be the first to bring out a mass-produced version of driverless vehicles.
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