Pony AI (PONY) Unveils Gen-4 Autonomous Trucks, Citi Cuts Target to $24.50

Pony AI Inc. (NASDAQ:PONY) is one of the Chinese tech stocks to buy now. On November 18, Pony AI Inc. (NASDAQ:PONY) revealed its fourth-generation (Gen-4) lineup of autonomous trucks. The trucks were created together with partners such as SANY Truck and Dongfeng Liuzhou Motor. Management stated that this move aims to push forward large-scale use of driverless freight in China.

The first two truck types will use the newest battery-electric bases from SANY Truck and Dongfeng Liuzhou Motor. These are built to make thousands of units at once, with the first groups of trucks set to start working in 2026. And the Gen-4 system uses only car-level parts, all approved for vehicles, which drops the materials cost for each truck by about 70% compared to the last version, as noted by company executives.

Separately, on November 7, Citi lowered its price target for Pony AI shares to $24.50 from $29, while maintaining a Buy rating. The firm made the change due to expected share dilution from Pony AI’s listing on the Hong Kong Stock Exchange in early November 2025.

Pony AI Inc. (NASDAQ: PONY) is a technology company specializing in the development and commercialization of autonomous driving technology, primarily focused on robotaxi and robotruck services. It operates in China and the United States, and provides services like fully driverless robotaxi rides, freight services through robotrucks, and intelligent driving solutions for personal vehicles.

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Disclosure: None. This article is originally published at Insider Monkey.