Pony.ai (PONY) to Launch 1,000+ Gen 7 Robotaxis in Shenzhen With New Partner
We recently published a list of . In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other AI stocks on Wall Street's radar.
On June 2nd, Pony AI Inc. (NASDAQ:PONY) announced a strategic partnership with Shenzhen Xihu Corporation Limited, the city's largest taxi operator. The two companies have agreed to jointly deploy a fleet of more than 1,000 Pony.ai's seventh-generation ('Gen 7') Robotaxis in Shenzhen over the coming years.
Marking a unique milestone, the collaboration will integrate autonomous driving with local mobility networks by adopting an 'asset-light + AI-empowered model.' This will boost the large-scale deployment of safe, efficient, and intelligent mobility services to a wider passenger base in Chinese tier-one cities.
A close-up of a server running a cloud-native platform, symbolizing the power of the software-as-a-service (SaaS) business area.
Pony.ai will be able to level up its Robotaxi services by leveraging Xihu Group's extensive fleet management experience, integrating it with its proprietary hardware and software technology, AI-powered order dispatch capability, and deep understanding of user needs. This will allow the companies to deliver an upgraded autonomous experience.
Pony.ai is the first company authorized to operate its paid fully driverless robotaxis within Shenzhen's city centers. It specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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