Latest news with #BAIC
Yahoo
5 days ago
- Automotive
- Yahoo
Pony.ai Kicks Off 24/7 Robotaxi Service In Guangzhou And Shenzhen
Pony AI (NASDAQ:PONY) launched 24/7 Robotaxi operations on Friday in Guangzhou and Shenzhen, significantly expanding its service hours in two of China's most dynamic economic hubs. This shift marks a key milestone in the company's Chinese expansion, increasing availability from 15 hours daily to full round-the-clock access. also extended its Robotaxi testing in Beijing to 24 hours a day. Backed by over 50 million kilometers of global autonomous driving tests, has validated its systems across various traffic and lighting conditions, from midday congestion to late-night proprietary 'virtual driver' has completed more than 500,000 hours of driverless operation, achieving a safety record reportedly up to ten times better than human drivers. The company's perception capabilities rely on a fusion of 128-beam LiDAR, 8-megapixel cameras, and 4D imaging millimeter-wave radar, enabling 360-degree, real-time awareness, even in low-light settings. advanced software stack, built on its PonyWorld foundation model, supports its seventh-generation Robotaxi fleet with high-precision detection of road features and obstacles, even up to 650 meters away. Earlier this week, commenced road testing of its Gen-7 BAIC Robotaxis in Beijing, with plans to extend these trials to Guangzhou and Shenzhen. The company surpassed 2 million km in Level 4 controller testing, cut costs by 80%, and reaffirmed plans to mass-produce 1,000 vehicles in 2025. shares surged over 106% over the past three months, far outperforming the over 11% gain in the NASDAQ Golden Dragon China Index. However, the stock gained just 0.7% year-to-date, lagging the index's 15%. In July, short seller Grizzly Research accused the company of falsifying autonomous driving data, using misleading marketing tactics, and falling behind competitors in service quality. The report also raised concerns about financial health, heavy reliance on Chinese state support, and doubts over a rumored U.S. partnership. In response, pointed to recent milestones, including the mass production of its Gen-7 Robotaxi and plans to expand its autonomous fleet to 1,000 vehicles by 2025. In a related development, Lucid Group (NASDAQ:LCID) interim CEO Marc Winterhoff praised the rapid progress of Chinese EVs and Robotaxis, calling their quality impressive, but maintained that Lucid still leads in ride comfort and driving dynamics. He confirmed Lucid would launch its Robotaxi operations in a U.S. city first, even as China continues to advance. Meanwhile, Lucid plans to deploy over 20,000 Robotaxis with Uber Technologies (NYSE:UBER) over six years. Price Action: PONY stock is trading higher by 2.77% to $14.85 premarket at last check Friday. Photo by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Kicks Off 24/7 Robotaxi Service In Guangzhou And Shenzhen originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
24-07-2025
- Automotive
- Yahoo
Why Pony AI Stock Surged More Than 7% Higher Today
Key Points It has launched a pilot program in Beijing. A number of cars made by Beijing Automotive Industry Corp. and powered by its technology will be tested on the streets of the city. 10 stocks we like better than Pony Ai › Autonomous driving technology specialist Pony AI (NASDAQ: PONY) had a fine Wednesday on the stock exchange, following news of the launch of an important pilot project in its native China. With that, investors turbocharged the stock, sending it more than 7% higher in value. That was more than good enough to top the 0.8% rise of the bellwether S&P 500 index. Big news in Beijing That morning, Pony AI reported that vehicles powered by its self-driving technology and manufactured by Beijing Automotive Industry Corp. (BAIC) have begun road testing in Beijing. The seventh-generation BAIC robotaxis will be put through their paces in the capital city's specialized High-Level Autonomous Driving Demonstration Zone. In the press release touting the news, Pony AI didn't hesitate to point out that with the launch, the current generation of BAIC robotaxis and similar vehicles equipped with the company's technology from Guangzhou Automobile Group are being live-tested in Guangzhou, Shenzen, and Beijing. In the company's words, "This multi-city road testing rollout highlights the stability and adaptability of Pony AI's autonomous driving system across various vehicle platforms and urban environments." A 1,000-car goal Pony AI added that the rollout is pushing it closer to its ultimate goal of expanding its autonomous fleet to 1,000 automobiles by the end of this year. With that, it'll have a solid foundation for a large-scale commercial launch in the future, likely within a short space of time. Pony AI is a speculative investment at present, but given the eagerness with which the ever-influential Chinese authorities have embraced modern transportation solutions, I'd give the company a good chance to succeed. This is certainly a stock to watch. Should you buy stock in Pony Ai right now? Before you buy stock in Pony Ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Pony Ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Pony AI Stock Surged More Than 7% Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Automotive
- Yahoo
Pony AI Races Toward Mass Production, Gen-7 Robotaxi Hits Beijing Streets
Autonomous vehicle technology company Pony AI (NASDAQ:PONY) on Wednesday announced that its seventh-generation (Gen-7) Beijing Automotive Industry Corporation (BAIC) Robotaxi model has started road testing in Beijing. With multiple Gen-7 vehicles on the road, the company is steadily progressing toward mass production and commercial rollout. The stock gained after the update. The BAIC Robotaxi fleet operates within Beijing's 225-square-kilometer High-Level Autonomous Driving Demonstration Zone. With this development, road testings of Gen-7 BAIC and Guangzhou Automobile Group (GAC) Robotaxi models are concurrently taking place in Beijing, Guangzhou, and multi-city deployment showcases Pony AI's autonomous driving system's robustness and flexibility and moves the company closer to its target of scaling up to 1,000 vehicles by the end of 2025. Advancements in Autonomous Driving Technology Also this week, the autonomous driving company announced a significant operational milestone for its next-gen technology. The company's Level 4 automotive-grade autonomous driving domain controller has surpassed 2 million kilometers of on-road testing, demonstrating strong hardware reliability and software adaptability in its seventh-generation Robotaxi fleet. This marks a critical step toward commercial readiness and future profitability. Through extensive optimization, Pony AI cut the system's cost by 80% compared to the previous generation while extending its operational life to 10 years or 600,000 kilometers. Built in-house using Nvidia's (NASDAQ:NVDA) OrinX chips, the controller is designed for mass production with a simplified, integrated design that lowers wiring and manufacturing costs. Pony AI confirmed plans to begin mass production in 2025 with a 1,000-vehicle autonomous fleet, a key move toward achieving scale and long-term cost efficiency. Stock Performance and Recent Allegations Pony AI stock gained 158% in the last three months. NASDAQ Golden Dragon China Index (where Poiny AI is a constituent) gained 16% during the period. However, in July, Grizzly Research accused Pony AI of faking AV software data, using deceptive marketing, and offering poor service compared to rivals. The short seller also flagged worsening financials, overreliance on Chinese state support, and skepticism over a rumored U.S. deal. PonyAI responded by highlighting progress, including mass production of its Gen-7 Robotaxi and plans to scale to 1,000 vehicles by 2025. Price Action: PONY stock is trading higher by 6.08% to $14.83 premarket at last check Wednesday. Photo by Michael Vi via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Pony AI Races Toward Mass Production, Gen-7 Robotaxi Hits Beijing Streets originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
23-07-2025
- Automotive
- Yahoo
PONY AI Inc. Starts Gen-7 Robotaxi Road Testing In Beijing, Completing Major City Testing Rollout
BEIJING, China, July 23, 2025 (GLOBE NEWSWIRE) -- PONY AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in large-scale autonomous mobility, today announced that the seventh-generation ('Gen-7') Beijing Automotive Industry Corporation ('BAIC') Robotaxi model began road testing in Beijing. With multiple Gen-7 Robotaxi models now undergoing road testing, is making significant progress to advance toward large-scale production and commercial deployment. The BAIC Robotaxi fleet is now operating within Beijing's 225-square-kilometer High-Level Autonomous Driving Demonstration Zone. With this development, road testings of Gen-7 BAIC and Guangzhou Automobile Group ('GAC') Robotaxi models are concurrently taking place in Beijing, Guangzhou, and Shenzhen. This multi-city road testing rollout highlights the stability and adaptability of autonomous driving system across various vehicle platforms and urban environments. This is rapidly driving closer to its goal of expanding its fleet to 1,000 vehicles by the end of 2025, laying a strong foundation for future large-scale commercial deployment. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates proprietary software, hardware, and services, is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: Safe Harbor Statement This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in filings with the SEC. All information provided in this press release is as of the date of this press release, and does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: RelationsEmail: ir@ RelationsEmail: media@ Christensen AdvisoryEmail: pony@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14-07-2025
- Automotive
- Yahoo
Pony.ai Commences Mass Production of Gen-7 Robotaxi, Targets 1,000-Vehicle Fleet by Year-End
Pony AI Inc. (NASDAQ:PONY) is one of the best new tech stocks with huge upside potential. On July 10, Pony AI commenced the mass production of its 7th-generation (Gen-7) Robotaxi to expand its fleet to 1,000 vehicles by the end of 2025. The company revealed its Gen-7 autonomous driving system at the Shanghai Auto Show in April this year. Following this, mass production of the Guangzhou Automobile Group/GAC Gen-7 Robotaxi models began in June, and Beijing Automotive Industry Corporation/BAIC Gen-7 Robotaxi models started in July. The Gen-7 system features a platform-based design that allows for quick adaptation across different vehicle models. A fleet of electric vehicles in a cityscape, representing the companies success in urban transportation. It is notable for being the first in the world to utilize 100% automotive-grade components. This design also reduces the bill-of-materials expenses for the autonomous driving kit by 70% compared to the earlier generation. Following the commencement of mass production, Pony AI also initiated road testing of the Gen-7 Robotaxis in Guangzhou and Shenzhen. Pony AI Inc. (NASDAQ:PONY) engages in the autonomous mobility business in China, the US, and internationally. While we acknowledge the potential of PONY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
