- Farah - News Editor
- Read Time: 2 mins
Pony.ai, a Chinese autonomous vehicle startup, has secured a $100 million investment from NEOM, Saudi Arabia's futuristic city and development project. Under the agreement, the two entities will form a joint venture to develop, produce, and deploy autonomous vehicles and smart infrastructure in NEOM and key markets in the Middle East North Africa region. This partnership reflects the growing collaboration between Saudi Arabia and Chinese companies, particularly in the field of technological and scientific innovation.
![(From left) John Pagano, CEO of RSG, Lee Dong-gun, Managing Director of GSO's Future Growth Strategy Division, Hyundai Motor Group [Photo provided = Hyundai Motor Group]](/images/hyundai-rsg-pagano-marchs-2024.jpg "(From left) John Pagano, CEO of RSG, Lee Dong-gun, Managing Director of GSO's Future Growth Strategy Division, Hyundai Motor Group [Photo provided = Hyundai Motor Group]")
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