Latest news with #PonyAIInc
Yahoo
06-06-2025
- Business
- Yahoo
Why Pony AI Inc. (PONY) Crashed On Wednesday
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 worst-performing stocks on Wednesday. Pony AI Inc. (NASDAQ:PONY) dropped its share prices by 5.06 percent to finish at $13.14 apiece as investors disposed of shares amid the risks of the faltering US-China trade talks and renewed calls from other states to delist Chinese firms from the stock exchanges. Following the two countries' 90-day tariff truce, US President Donald Trump expressed his frustration with China on Wednesday, saying that Chinese President Xi Jinping is 'very tough and extremely hard to make a deal with.' A close-up of a digital cloud, signifying the expansive reach of the software-as-a-service solution. Trump's social media post casted doubts over an expected potential phone call between the two leaders this week, with fears spilling over to stocks of Chinese companies, including Pony AI Inc. (NASDAQ:PONY). Further triggering concerns were mounting calls from US states' comptrollers to delist Chinese companies. In a newly issued statement, Indiana Comptroller Elise Nieshalla said that there is a growing risk posed by China-based companies due to widespread failures to meet US transparency, accounting, and standards. 'As stewards of invested public funds, we have a responsibility to protect our beneficiaries from foreign entities to seek to exploit our capital markets while evading accountability,' she said. 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
06-06-2025
- Automotive
- Yahoo
Pony.ai (PONY) to Launch 1,000+ Gen 7 Robotaxis in Shenzhen With New Partner
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 AI stocks on Wall Street's radar. On June 2nd, Pony AI Inc. (NASDAQ:PONY) announced a strategic partnership with Shenzhen Xihu Corporation Limited, the city's largest taxi operator. The two companies have agreed to jointly deploy a fleet of more than 1,000 seventh-generation ('Gen 7') Robotaxis in Shenzhen over the coming years. Marking a unique milestone, the collaboration will integrate autonomous driving with local mobility networks by adopting an 'asset-light + AI-empowered model.' This will boost the large-scale deployment of safe, efficient, and intelligent mobility services to a wider passenger base in Chinese tier-one cities. A close-up of a server running a cloud-native platform, symbolizing the power of the software-as-a-service (SaaS) business area. will be able to level up its Robotaxi services by leveraging Xihu Group's extensive fleet management experience, integrating it with its proprietary hardware and software technology, AI-powered order dispatch capability, and deep understanding of user needs. This will allow the companies to deliver an upgraded autonomous experience. is the first company authorized to operate its paid fully driverless robotaxis within Shenzhen's city centers. It specializes in autonomous mobility, offering AI-driven robotruck and robotaxi services, intelligent driving software, and vehicle integration solutions. 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.
Yahoo
03-06-2025
- Business
- Yahoo
Why Pony AI Inc. (PONY) Crashed On Monday
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 worst performers on Monday. Pony AI fell by 9.4 percent on Monday to end at $17.45 apiece as investors sold off positions to mitigate risks from the escalating trade tensions anew between the US and China. Investor sentiment was particularly dampened by renewed fears of Chinese firms' possible delisting from the US stock exchanges given the ongoing trade tensions. A software developer typing on a laptop in a modern office environment. Traders also appeared to have shunned Pony AI Inc.'s (NASDAQ:PONY) recent partnership with Shenzhen Xihu Corp. Ltd. for the deployment of more than 1,000 units of Pony AI's seventh-generation robotaxis in Shenzhen over the next few years. Xihu Group will leverage its strength on fleet and asset operations, safety and service guarantees, and benefit economically from the fleet and asset operations while, Pony AI Inc. (NASDAQ:PONY) will focus on AI technology innovations and scalable Robotaxi dispatch and service Pony AI Inc. (NASDAQ:PONY) is the first company authorized to operate paid fully-driverless robotaxis within Shenzhen's city centers. 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
29-05-2025
- 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
Yahoo
27-05-2025
- Automotive
- Yahoo
Pony AI Gears up to Launch Robotaxi in the UAE
Pony AI Inc. (NASDAQ:PONY) has achieved a significant milestone in its push for growth in the Middle East as part of its global expansion plan. On May 27, the company inked a strategic collaboration with Dubai's Roads and Transport Authority. The agreement paves the way for the company to deploy its advanced robotaxi fleet in the United Arab Emirates. A high-tech manufacturing plant bustling with robotic arms producing auto parts. Dubai has set ambitious goals under its 2030 Smart City Vision, aiming to transition 25% of all journeys to autonomous vehicles by 2030. Through this partnership, will introduce its cutting-edge autonomous driving technology to the city in a multi-phase rollout, beginning with supervised trials in 2025 and progressing to full driverless operations in 2026. intends to integrate its robotaxi services with Dubai's transport network, which currently includes metro, tram, and maritime routes. Its robotaxis are designed to complement existing infrastructure to enable smoother journeys and reduce carbon footprint. As a pioneer in autonomous mobility, is gearing up to mass-produce and deploy its seventh-generation robotaxis starting in the second half of 2025. The company's state-of-the-art autonomous driving system, recently showcased at Auto Shanghai 2025, features a highly advanced AD kit hardware suite that achieves a 70% reduction in production costs while maintaining automotive-grade quality. While focus is on launching autonomous taxis in the United Arab Emirates, also plans to ramp up its robotaxi globally within the next two years. The company has already secured permits to launch in four major markets: the US, China, South Korea, and Luxembourg. Technological maturity, operational readiness, and advanced vehicle engineering support the accelerated rollout globally. Pony AI is a leader in autonomous driving, combining AI and mobility solutions to revolutionize transport. Operating driverless robotaxis and autonomous trucks, the company has established a strong market presence in China and the U.S., advancing self-driving technology for urban and logistics applications. While we acknowledge the potential of Pony AI Inc. (NASDAQ: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 AI stock that is more promising than PONY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . 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
