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Market Chatter: Yandex Looks to Boost Car Fleet for Self-Driving Tech Project

6:52AM ET 8/19/2019 MT Newswires
Yandex (YNDX) is looking to boost its car fleet over the next two years in a bid to expedite the testing of its self-driving technology, Reuters reported Monday, citing Dmitry Polishchuk, head of the internet company's self-driving car division.

"We plan to further increase the fleet, by as much as even a thousand cars. We can produce the first thousand cars fairly quickly within one and half and two years," Polishchuk told Reuters in an interview. According to the report, Yandex aims to test over 100 of its self-driving cars on roads by the end of this year, compared with the 35 vehicles on currently on road-testing.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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