Recently, Toyota Motor Corporation has closed the US$400 million investment to Chinese autonomous driving start-up company, PONY AI, which is Toyota Motor Corporation’s biggest investment so far in an autonomous driving company with a Chinese background. Toyota Motor Corporation aims to deepen the cooperation in the driverless pact through this investment.
Zhong Lun Law Firm acted as the PRC legal counsel to lead investor Toyota Motor Corporation in this transaction, providing legal services including, but not limited to due diligence, antitrust analysis therein. The legal team from Zhong Lun was led by Partner Heng (Dean) DING, with principal support by Associate Chenghao MA, Ling PAN etc.