Latest news with #PonyAI
Yahoo
4 days ago
- Business
- Yahoo
Why Pony AI Inc. (PONY) Went Up On Tuesday
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 best-performing stocks. Pony AI soared by 22.63 percent on Tuesday to finish at $21.35 apiece following news that it partnered with Dubai's Roads and Transport Authority (RTA) to deploy its advanced robotaxi fleet in the region. Pony AI Inc. (NASDAQ:PONY) said the partnership supports Dubai's 2030 Smart City Vision, which targets to transition 25 percent of its transportation to autonomous mode by 2030. According to the company, initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026. A group of robotic vehicles navigating a terrain autonomously utilizing the company's 3D vision technology. Additionally, Pony AI Inc. (NASDAQ:PONY) plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, as well as ramp up its robotaxi fleet globally to thousands of vehicles within the next two years. The company also said that it collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis. Overall, PONY ranks 1st on our list of best-performing stocks. While we acknowledge the potential of PONY, 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 AI stock that is more promising than PONY and that has 10,000x upside potential, check out our report about this cheapest AI stock. 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. 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
Zawya
4 days ago
- Business
- Zawya
Chinese robotaxi makers head to a welcoming Gulf as overseas ambitions grow
ABU DHABI - If you're a Chinese robotaxi company, the Gulf has become the place to be, attractive for a regulatory environment that is embracing the technology and robust demand for ride-hailing services. Their enthusiasm has been evident in a flurry of recently announced expansion plans. This week, became the third Chinese robotaxi company after rivals Baidu and WeRide to unveil an agreement with Dubai's Roads and Transport Authority in the United Arab Emirates. It plans to start trialling its vehicles in the city this year with full driverless operations slated to start in 2026. WeRide also said this week it would be expanding into Saudi Arabia, where it has been testing its vehicles in cities like Riyadh, adding that it expects commercial services to start in late 2025. That follows its launch of fully driverless robotaxi trials in the UAE's Abu Dhabi this month with commercial rides due to be rolled out from the end of June. It also soon plans to launch in Dubai. Baidu outlined plans in March to deploy "dozens" of robotaxis in partnership with UAE-based Autogo in Abu Dhabi with a goal to start commercial operations by 2026. It also aims to start trials in Dubai this year. The UAE "is relatively open but they are also careful and pragmatic on details," said Zhang Liang, a general manager in Baidu's autonomous driving unit Apollo, who oversees European and the Middle East markets. "We are actually happy to see positive and active competition and we won't be afraid of such competition," he said at the World New Energy Vehicle Congress in Abu Dhabi last week. Worried about worsening traffic congestion and a shortage of taxi and ride-hailing services that largely rely on migrant workers for their drivers, Dubai has set a goal of having 25% of its daily transportation be smart and driverless by 2030. Abu Dhabi's target is 25% of total trips by 2040 while Saudi Arabia is aiming for 15% by 2030. "Middle East and this kind of market, they already have the infrastructure, they have the capital, they have the ambition, which is very important. So that's why everybody is queuing up here," said Thaha Muhammed Abdul Kareem, a Qatar-based independent consultant. Both and WeRide have partnered with Uber in the region so their vehicles can be ordered through the Uber app. FUTURE US-CHINA BATTLEGROUND? The Gulf may become the region where Chinese and U.S. robotaxis go head to head for the first time. Tesla CEO Elon Musk said during a Gulf tour with U.S. President Donald Trump this month that he would take Cybercab robotaxis to Saudi Arabia, although he didn't mention a timeframe. At present, however, Waymo is the only U.S. firm to run uncrewed robotaxi services carrying paying passengers. Tesla plans to launch a trial in Austin, Texas by the end of June, aiming to scale up to about a thousand vehicles within a few months. Its Chinese rivals have more experience. Baidu's Zhang said the company was confident it could do well abroad, citing how its vehicles had completed 10 million trips in China as of March without a serious traffic accident. The search engine giant has been running its Apollo Go robotaxi services commercially in several Chinese cities since 2022. The vehicles have so-called 4 autonomy - which means they are driverless but can travel only in certain areas. Those areas can, however, be quite large with the city of Wuhan, for example, making more than 3,000 km of public roads available for robotaxi use. "This year marks the first year for Apollo to go abroad officially," Zhang said. The company plans to make forays into Europe and Southeast Asia, he added without providing a timeframe. which has a fleet of 300 robotaxis in China, said long term it hopes to integrate its robotaxis with Dubai's metro and tram routes. Backed by Japan's Toyota, sees this year as its inaugural year for large-scale commercial deployment and aims to ramp up its fleet globally to thousands of vehicles in the next two years. It also has test permits in the United States, South Korea and Luxembourg. WeRide said it has begun "public operation" of its robotaxi GXR minivan in several Chinese cities as well as Zurich and Abu Dhabi. It partnered with Uber in May to expand into 15 cities in the next five years and says that in addition to the Middle East, Singapore, Japan and Europe face driver shortages in the transportation sector, making them key target markets. (Reporting by Zhang Yan; Editing by Brenda Goh and Edwina Gibbs)
Reuters
4 days ago
- Business
- Reuters
Chinese robotaxi makers head to a welcoming Gulf as overseas ambitions grow
ABU DHABI, May 29 (Reuters) - If you're a Chinese robotaxi company, the Gulf has become the place to be, attractive for a regulatory environment that is embracing the technology and robust demand for ride-hailing services. Their enthusiasm has been evident in a flurry of recently announced expansion plans. This week, (PONY.O), opens new tab became the third Chinese robotaxi company after rivals Baidu ( opens new tab and WeRide (WRD.O), opens new tab to unveil an agreement with Dubai's Roads and Transport Authority in the United Arab Emirates. It plans to start trialling its vehicles in the city this year with full driverless operations slated to start in 2026. WeRide also said this week it would be expanding into Saudi Arabia, where it has been testing its vehicles in cities like Riyadh, adding that it expects commercial services to start in late 2025. That follows its launch of fully driverless robotaxi trials in the UAE's Abu Dhabi this month with commercial rides due to be rolled out from the end of June. It also soon plans to launch in Dubai. Baidu outlined plans in March to deploy "dozens" of robotaxis in partnership with UAE-based Autogo in Abu Dhabi with a goal to start commercial operations by 2026. It also aims to start trials in Dubai this year. The UAE "is relatively open but they are also careful and pragmatic on details," said Zhang Liang, a general manager in Baidu's autonomous driving unit Apollo, who oversees European and the Middle East markets. "We are actually happy to see positive and active competition and we won't be afraid of such competition," he said at the World New Energy Vehicle Congress in Abu Dhabi last week. Worried about worsening traffic congestion and a shortage of taxi and ride-hailing services that largely rely on migrant workers for their drivers, Dubai has set a goal of having 25% of its daily transportation be smart and driverless by 2030. Abu Dhabi's target is 25% of total trips by 2040 while Saudi Arabia is aiming for 15% by 2030. "Middle East and this kind of market, they already have the infrastructure, they have the capital, they have the ambition, which is very important. So that's why everybody is queuing up here," said Thaha Muhammed Abdul Kareem, a Qatar-based independent consultant. Both and WeRide have partnered with Uber (UBER.N), opens new tab in the region so their vehicles can be ordered through the Uber app. The Gulf may become the region where Chinese and U.S. robotaxis go head to head for the first time. Tesla (TSLA.O), opens new tab CEO Elon Musk said during a Gulf tour with U.S. President Donald Trump this month that he would take Cybercab robotaxis to Saudi Arabia, although he didn't mention a timeframe. At present, however, Waymo is the only U.S. firm to run uncrewed robotaxi services carrying paying passengers. Tesla plans to launch a trial in Austin, Texas by the end of June, aiming to scale up to about a thousand vehicles within a few months. Its Chinese rivals have more experience. Baidu's Zhang said the company was confident it could do well abroad, citing how its vehicles had completed 10 million trips in China as of March without a serious traffic accident. The search engine giant has been running its Apollo Go robotaxi services commercially in several Chinese cities since 2022. The vehicles have so-called 4 autonomy - which means they are driverless but can travel only in certain areas. Those areas can, however, be quite large with the city of Wuhan, for example, making more than 3,000 km of public roads available for robotaxi use. "This year marks the first year for Apollo to go abroad officially," Zhang said. The company plans to make forays into Europe and Southeast Asia, he added without providing a timeframe. which has a fleet of 300 robotaxis in China, said long term it hopes to integrate its robotaxis with Dubai's metro and tram routes. Backed by Japan's Toyota (7203.T), opens new tab, sees this year as its inaugural year for large-scale commercial deployment and aims to ramp up its fleet globally to thousands of vehicles in the next two years. It also has test permits in the United States, South Korea and Luxembourg. WeRide said it has begun "public operation" of its robotaxi GXR minivan in several Chinese cities as well as Zurich and Abu Dhabi. It partnered with Uber in May to expand into 15 cities in the next five years and says that in addition to the Middle East, Singapore, Japan and Europe face driver shortages in the transportation sector, making them key target markets.
Yahoo
5 days ago
- Automotive
- Yahoo
Why Pony AI Stock Is Falling Hard Today
Pony AI's shares are likely falling based on another autonomous-vehicle company's actions. Chinese electric-vehicle companies are slashing prices, which could be affecting Pony AI as well. There's a lot of uncertainty in the global automotive industry right now. 10 stocks we like better than Pony Ai › Shares of the Chinese autonomous-driving company Pony AI (NASDAQ: PONY) were falling this morning. The decline came after reports that TuSimple, a maker of self-driving trucks, sent sensitive autonomous-vehicle data to China even as it promised the U.S. government not to disclose information based on national security concerns, according to The Wall Street Journal. Pony AI isn't part of the controversy, but the U.S. and China aren't exactly on the best of terms right now amid tariff concerns and geopolitical positioning. The reports about TuSimple are likely worrying some investors that the U.S. could take a more restrictive approach on how autonomous-vehicle data is collected by Chinese companies. Pony AI's stock was down by 13.8% as of 11:16 a.m. ET Wednesday. The U.S. is increasingly focused on protecting data and technology created here from being exported to Chinese companies and the Chinese government. That's led to restrictions on what types of semiconductors can be sold to China and protections against American social media data being exported to China. That's why the Journal's report that TuSimple shared self-driving trade secrets with China could be affecting Pony AI's stock today. Pony AI has permits to operate its autonomous vehicles in several states, and investors may be worried that TuSimple's supposed actions may reflect poorly on the company and potentially lead to increased government scrutiny. Another factor that could be affecting the company's stock price today is that Chinese electric-vehicle (EV) companies are slashing prices. For example, BYD is one of the leading EV companies in China, and it just cut its vehicle prices by up to 34% for some models. Pony AI works with several Chinese EV companies, and investors may be concerned that a slowdown in the EV industry there could hurt its business. With Chinese EVs facing headwinds, tariff uncertainty between the U.S. and China, and now concerns over autonomous-vehicle data, there are plenty of variables that could cause Pony AI's stock to remain volatile right now. That doesn't mean it isn't a good long-term buy, but investors should be aware that the global automotive industry is facing significant pressures right now, and that's spilling over to companies connected to the industry, including those in self-driving tech. 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 $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends BYD Company. The Motley Fool has a disclosure policy. Why Pony AI Stock Is Falling Hard 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
Globe and Mail
6 days ago
- Business
- Globe and Mail
Why Shares of Pony AI Are Surging Today
Shares of the Chinese autonomous driving company Pony AI (NASDAQ: PONY) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai's Roads and Transport Authority (RTA) to use the company's self-driving vehicles in the region. Another partnership Since Pony AI debuted its seventh-generation autonomous driving system at an auto show in Shanghai earlier this year, investor interest has surged, and the company has seen a flurry of good news. Pony AI announced a partnership with Uber earlier this year and now one with Dubai, which has shown significant interest in full self-driving vehicles. RTA CEO Ahmed Bahrozyan said in a statement: This partnership is integral to our goal of transforming 25% of all journeys in the city into autonomous trips by 2030, reinforcing Dubai's position as a global leader in autonomous mobility and innovation. We are excited to work with a pioneer in autonomous driving technology, to further enhance the integration of smart transport solutions in Dubai. The partnership aims to start supervised trials this year and then move to fully driverless by 2026. Pony AI is planning to start producing its new robotaxis at scale in the back half of 2025, which will lay the groundwork for global expansion. Pony AI also said its fleet will encompass thousands of vehicles within the next two years. Progressing nicely Investors seem to be quite impressed with the autonomous technology, which Pony AI can now make at a much lower cost than before. The new partnerships are a testament to the company's success. However, with Pony AI trading at a roughly $6.9 billion market cap and still operating at a loss, it's probably too early to go all in just yet. Investors can begin accumulating shares, but should keep positions smaller for now. Should you invest $1,000 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 10 best stocks 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 $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor 's total average return is957% — a market-crushing outperformance compared to167%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 May 19, 2025
