Pony AI (PONY) Soars 16.3% on Robotaxi Roadtest Milestone

We recently published 10 Stocks Surprise Wall Street with Double-Digit Gains. 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.

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.

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