Latest news with #PonyAIInc
Business Upturn
3 days ago
- Automotive
- Business Upturn
PONY AI Inc. Among the First to Receive Permit for Fully Driverless Commercial Robotaxi Services Shanghai's Pudong New Area
SHANGHAI, China, July 26, 2025 (GLOBE NEWSWIRE) — Pony AI Inc. (' or the 'Company') (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced that it has received a permit to provide fully driverless commercial Robotaxi services of Shanghai's Pudong New Area, issued at the World Artificial Intelligence Conference ('WAIC') 2025. This achievement demonstrates not only increasing regulatory trust and recognition in the Company's technology and safety standards, but also represents another major milestone in advancing Robotaxi commercialization in a top-tier urban market in China. 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 will launch fully driverless ride-hailing services, starting in the core business district of Jinqiao and Huamu before expanding to other regions. This milestone demonstrates technological and operational readiness and solidifies its leadership in advancing autonomous mobility in China — further accelerating the integration of self-driving technology into Shanghai's urban ecosystem. With 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 retails. This close proximity enables to engage with premium users and unlock substantial commercial opportunities in the future. 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: Relations Email: [email protected] Media Relations Email: [email protected]
Yahoo
14-07-2025
- Automotive
- Yahoo
Goldman Sachs Raised the Firm's Price Target on Pony AI (PONY)
Pony AI Inc. (NASDAQ:PONY) is one of the . On May 21, Allen Chang, an analyst from Goldman Sachs, raised the firm's price target on Pony AI Inc. (NASDAQ:PONY) from $23.1 to $26, maintaining a Buy rating on the stock. Analyst Chang likes the company's leadership in Level 4 autonomous mobility in China. Pony AI Inc. (NASDAQ:PONY) now operates a large fleet of robotaxis and robotrucks in four major tier-1 cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. Chang noted that these cities are the largest ride-hailing markets in China. A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle. In addition, the analyst also noted that the company's regulatory permits for fully driverless robotaxi services in these cities are a major milestone. The profitability of Pony AI Inc. (NASDAQ:PONY) remains attractive, Chang noted that a major factor in the company is the introduction of generation 7 vehicles. This has improved the company's unit economics and operational efficiency. Pony AI Inc. (NASDAQ:PONY) is a technology company that develops and operates autonomous vehicles. It runs three main businesses, including fully driverless robotaxi services, robotruck freight services with safety drivers, and intelligent driving solutions. 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 best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. 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
Yahoo
02-07-2025
- Business
- Yahoo
Pony AI (PONY) Drops as Investors in Wait-and-See Mode for Uber Acquisition
Pony AI Inc. (NASDAQ:PONY) is one of the . Pony AI dropped its share prices by 3.37 percent on Monday to close at $13.20 apiece as investors were in a wait-and-see mode for any updates on Uber Technologies Inc.'s (NYSE:UBER) planned acquisition of the Chinese robotaxi firm's US subsidiary. Last week, reports surged that Uber's founder, Travis Kalanick, was eyeing to acquire Pony AI Inc.'s (NASDAQ:PONY) US arm, and that the ride-hailing giant has expressed its support to fund the acquisition. Copyright: dolgachov / 123RF Stock Photo Pony AI Inc. (NASDAQ:PONY) has been mulling over spinning off or selling its US arm since 2022, even going as far as creating a copy of its software. The buyout bid followed Pony AI Inc. (NASDAQ:PONY) and Uber Technologies Inc.'s (NYSE:UBER) partnership of expanding the former's international market presence, kicking off with key markets in the Middle East. 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 best short-term 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
Yahoo
24-06-2025
- Automotive
- Yahoo
Pony.ai (PONY) Unveils Gen-7 Robotaxi Affirming Advanced Autonomous Driving
Pony AI Inc. (NASDAQ:PONY) is one of Goldman Sachs' top Chinese stock picks. On June 17, the Chinese autonomous driving company unveiled its seventh generation Robotaxi at the 2025 International Automotive & Supply Chain Expo in Hong Kong. Marking the company's first debut in the city, the Gen 7 robotaxi showcases the company's advancement in autonomous driving hardware and software. The Robotaxi utilizes 100% automotive-grade components and boasts a 70% cost reduction in its autonomous driving kits. It is also designed for adaptability and supports integration across various vehicles. The Robotaxi has 34 sensors spanning six categories to offer comprehensive detection coverage from 360-degree blind support monitoring to identifying objects 650 meters away. Therefore, autonomous taxis can operate in urban and intercity environments, including highways, ring roads, and airports. A successful deployment in Hong Kong would enable robotaxis to move through several GBA zones, including train stations and airports, facilitating smooth interstate autonomous transportation. It is also expected to improve citizens' mobility with convenient, safe, and dependable self-driving services. is the only company authorized to operate autonomous ride-hailing services in China's tier-I cities. Therefore, adding the Gen-7 robotaxi will expand the company's fleet. The company plans to have over 1,000 vehicles by the end of 2025. Pony AI Inc. (NASDAQ:PONY) is a global autonomous driving technology company that develops and commercializes self-driving systems for vehicles. It specializes in building the safest autonomous driving capabilities and aims to revolutionize transportation. 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 best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. 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
24-06-2025
- Automotive
- Yahoo
Pony.ai (PONY) Unveils Gen-7 Robotaxi Affirming Advanced Autonomous Driving
Pony AI Inc. (NASDAQ:PONY) is one of Goldman Sachs' top Chinese stock picks. On June 17, the Chinese autonomous driving company unveiled its seventh generation Robotaxi at the 2025 International Automotive & Supply Chain Expo in Hong Kong. Marking the company's first debut in the city, the Gen 7 robotaxi showcases the company's advancement in autonomous driving hardware and software. The Robotaxi utilizes 100% automotive-grade components and boasts a 70% cost reduction in its autonomous driving kits. It is also designed for adaptability and supports integration across various vehicles. The Robotaxi has 34 sensors spanning six categories to offer comprehensive detection coverage from 360-degree blind support monitoring to identifying objects 650 meters away. Therefore, autonomous taxis can operate in urban and intercity environments, including highways, ring roads, and airports. A successful deployment in Hong Kong would enable robotaxis to move through several GBA zones, including train stations and airports, facilitating smooth interstate autonomous transportation. It is also expected to improve citizens' mobility with convenient, safe, and dependable self-driving services. is the only company authorized to operate autonomous ride-hailing services in China's tier-I cities. Therefore, adding the Gen-7 robotaxi will expand the company's fleet. The company plans to have over 1,000 vehicles by the end of 2025. Pony AI Inc. (NASDAQ:PONY) is a global autonomous driving technology company that develops and commercializes self-driving systems for vehicles. It specializes in building the safest autonomous driving capabilities and aims to revolutionize transportation. 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 best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. 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
