Chinese mobile transportation service provider Ontime made its debut on the main board of the Hong Kong Stock Exchange on Wednesday, becoming the first stock in autonomous driving operation technology.
Founded by GAC Group and Tencent in 2019, with Pony.ai as a strategic shareholder, Ontime provides services like ride-hailing and robotaxi, along with AI data and model solutions and high-definition maps. Headquartered in Guangzhou, Ontime also offers comprehensive support for drivers and fleet operators, including vehicle sales and maintenance.
In 2022, Ontime launched an open robotaxi operation technology platform, making it 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 includes 281 vehicles, the largest among domestic mobility platforms. Their services have operated for a cumulative total of 20,080 hours and safely covered a trial operation distance of 450,699 kilometres.
