Pony.ai filed a trade secret infringement lawsuit against two former employees

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Pony.ai, a Chinese autonomous vehicle company recently valued at $8.5 billion, has filed a trade secret infringement lawsuit against two former employees.

The lawsuit comes months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the United States, resigned to launch Qingtian Truck, a competitor. As they progress through the fundraising stages, China’s autonomous driving startups face increasing pressure to commercialise. They are still years away from deploying driverless robotaxis on busy urban roads on a large scale, but simpler scenarios such as shuttle buses and long-haul trucks have provided opportunities. Pony established a separate trucking division in 2020, dubbed PonyTron. It formed a trucking joint venture with Sinotrans, a freight forwarding company owned by the Chinese state-owned conglomerate China Merchants Group, earlier this year.

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Pony.ai filed a trade secret infringement lawsuit against two former employees

Pony.ai, a Chinese autonomous vehicle company recently valued at $8.5 billion, has filed a trade secret infringement lawsuit against two former employees.

The lawsuit comes months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the United States, resigned to launch Qingtian Truck, a competitor. As they progress through the fundraising stages, China’s autonomous driving startups face increasing pressure to commercialise. They are still years away from deploying driverless robotaxis on busy urban roads on a large scale, but simpler scenarios such as shuttle buses and long-haul trucks have provided opportunities. Pony established a separate trucking division in 2020, dubbed PonyTron. It formed a trucking joint venture with Sinotrans, a freight forwarding company owned by the Chinese state-owned conglomerate China Merchants Group, earlier this year.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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