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Chinese mobile transportation app Ontime debuts on the HK Stock Exchange

Chinese mobile transportation app Ontime debuts on the HK Stock Exchange

Chinese mobile transportation services provider Ontime made its debut on the Hong Kong stock exchange on Wednesday, becoming the first stock in the autonomous driving technology.

Founded by GAC Group and Tencent in 2019, with Pony.ai as a strategic shareholder, Ontime provides services such as ride-hailing and robotaxi, along with AI data and model solutions and high-definition maps. Headquartered in Guangzhou, Ontime also provides comprehensive support for drivers and fleet operators, including vehicle sales and maintenance.

In 2022, Ontime launched an open robotaxi operation technology platform, becoming the first global mobility platform to commercialize a mixed operation of ride-hailing and robotaxi services. Ontime’s robotaxi service is currently operational in the central districts of Guangzhou and Shenzhen, key cities in the Guangdong-Hong Kong-Macao Greater Bay Area.

As of 2023, Ontime’s robotaxi fleet will comprise 281 vehicles, the largest among domestic mobility platforms. Their services have cumulatively run for a total of 20,080 hours and safely covered a trial distance of 450,699 kilometers.