Latest news with #NasdaqGoldenDragon
Yahoo
10 hours ago
- Automotive
- Yahoo
Pony.ai Added to Nasdaq Golden Dragon China Index, Shares Surge 16.7%
GUANGZHOU, China, June 25, 2025 /PRNewswire/ -- The Nasdaq Golden Dragon China Index recently announced its latest component adjustment. (NASDAQ:PONY) has been added to the index, effective June 23. This inclusion makes the only company dedicated to autonomous driving in the benchmark index, which is widely tracked by global investors. Based on the latest update, the index comprises 73 constituents, selected based on market capitalization and liquidity criteria. It spans diverse sectors, with significant weightings in technology (e.g., Alibaba, NetEase), consumer services (e.g., Atour Lifestyle), and electric vehicles (e.g., NIO, XPeng), among others. The Nasdaq Golden Dragon China Index is a key benchmark tracking the performance of Chinese companies listed on major U.S. stock exchanges, including Nasdaq and the New York Stock Exchange. Launched in 2003, the index serves as a critical gauge for global investors seeking exposure to China's dynamic economy through U.S.-listed equities. CFO Leo Wang stated: "Being included in the Nasdaq Golden Dragon China Index marks a milestone for as a newly listed company. Following our successful Nasdaq listing in November 2024, this inclusion is expected to attract greater attention from a broader investor base and offer global investors a more accessible avenue to participate in growth. This increased visibility supports our efforts to further advance our commercialization to enable autonomous mobility worldwide." Founded in 2016, is committed to autonomous driving technology development and commercialization. The company currently operates a Robotaxi fleet of approximately 300 vehicles across four major Chinese cities: Beijing, Shanghai, Guangzhou, and Shenzhen. This fleet handles various traffic scenarios, including densely populated urban environments and highways, even under adverse weather conditions. The company unveiled its 7th generation autonomous driving system in April, which is the world's first autonomous driving kit to use 100% automotive-grade components, slashing its BOM costs by 70%. In the second half of 2025, aims to start mass production and deployment of its gen-7 robotaxis, jointly developed with Toyota, GAC, and BAIC, increasing its fleet to 1,000 units by the end of 2025. Shares of rose 16.7% to $13.3 on June 24. The Nasdaq Golden Dragon China Index rose 3.3%, its biggest jump in over a month. View original content: SOURCE Effettua l'accesso per consultare il tuo portafoglio
Bloomberg
28-02-2025
- Business
- Bloomberg
Trump's Latest Tariff Jolt Has Markets Alert for China Response
By , Winnie Hsu, and Iris Ouyang Save The latest US tariff threats have spurred investors to game out how China might respond, with moves like fresh stimulus and looser monetary policy seen to be on the table. The catalyst came from US President Donald Trump's comments that another 10% tax is slated on imports from China, along with 25% tariffs on Canada and Mexico, on track to be enacted March 4. The measures, which will come on top of a 10% duty on China he allowed to take effect earlier this month, sent the offshore yuan 0.4% lower against the greenback on Thursday. The Nasdaq Golden Dragon index of US-listed Chinese stocks slid 0.9%.
