Latest news with #PonyAI
Yahoo
2 days ago
- Automotive
- Yahoo
Pony AI (PONY) Soars 16.3% on Robotaxi Roadtest Milestone
We recently published . Pony AI Inc. (NASDAQ:PONY) is one of the biggest performers recently. Pony AI soared by 16.29 percent week-on-week, to $15.13 from $13.01 on July 18, as investors cheered its achievement of a 2-million-kilometer road testing, which supported its firm position in the robotaxi industry, particularly in level 4 autonomous driving. The 2-million mark was a significant achievement for Pony AI Inc. (NASDAQ:PONY) as the company moves aggressively into preparations for more vehicle launches in line with its expansion plans. Following the road test milestone, Pony AI Inc. (NASDAQ:PONY) announced on Saturday, July 26, that it officially received a permit to operate fully driverless robotaxi services at the Pudong New Area in Shanghai. Photo by Samuele Errico Piccarini on Unsplash According to the company, its approval made it the only company with a fully driverless commercial Robotaxi service permits in all four of China's tier-one cities—Beijing, Shanghai, Guangzhou, and Shenzhen. It said expansion plans will follow in the core business districts of Jinqiao and Huamu. While we acknowledge the potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Yahoo
2 days ago
- Automotive
- Yahoo
Pony.ai Gets Green Light For Driverless Robotaxis In Shanghai's Pudong
Pony AI (NASDAQ:PONY) announced Saturday that it has received a permit to operate fully driverless commercial robotaxi services in Shanghai's Pudong financial district. is among the first companies to receive this approval, making it the only company with fully driverless commercial Robotaxi service permits in all four of China's tier-one cities, Beijing, Shanghai, Guangzhou, and Shenzhen, the company said in the press release. The company stated it will begin offering driverless ride-hailing services in the city, starting with the core business areas of Jinqiao and Huamu, and plans to expand to additional regions a population of over 5 million people across nearly 1,400 square kilometers, Pudong New Area is home to key financial institutions, multinational corporations, and high-tech innovation hubs, serving as a gateway to China's economy for the world. The newly opened area in Jinqiao and Huamu represents the strategic core area of Pudong New Area. In particular, Huamu is located less than 3 kilometers from Lujiazui, the heart of Shanghai's financial district and luxury retail. This close proximity enables to engage with premium users and unlock substantial commercial opportunities in the future. Despite a robust 47% surge in its stock price over the past three months, year-to-date performance has seen a more modest gain of approximately 6%. This contrasts with the NASDAQ Golden Dragon China Index, which registered gains of 11% over the last three months and 14% year-to-date during the corresponding periods. 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. Price Action: PONY stock is trading higher by 5.75% to $16.00 premarket at last check Monday. Image 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 Gets Green Light For Driverless Robotaxis In Shanghai's Pudong originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
Bloomberg
2 days ago
- Automotive
- Bloomberg
Pony AI CFO: Robotaxi Industry Accelerating
Pony AI CFO Leo Haojun Wang says this year's emphasis is on mass production as the robotaxi industry accelerates. He joins Bloomberg Brief with Dani Burger and Senior Editor of the CFO Briefing newsletter, Nina Trentmann. (Source: Bloomberg)
Yahoo
4 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.
Time of India
4 days ago
- Business
- Time of India
Pony AI says it has permit for driverless robotaxi services in Shanghai area
Chinese robotaxi operator Pony AI said on Saturday it had received a permit to provide fully driverless commercial robotaxi services in Shanghai 's Pudong financial AI will launch fully driverless ride-hailing services in the city, starting in the core business district of Jinqiao and Huamu before expanding to other regions, the company said in a statement.
