Arcfox has made a striking move in China's electric-car market.
China's premium sedan market above roughly $42,000 has long been dominated by Mercedes-Benz, BMW and Audi.
When managers put their own money into the company they run, the signal can matter more than the amount.
BAIC New Energy and Pony.ai are moving into what the article describes as "cooperation 2.0", a deeper relationship that goes beyond technology licensing or customised vehicles.
BAIC New Energy sold 30,542 vehicles in October, giving the long-struggling company one of its strongest recent performances.