Shares of PONY-W (02026) surged more than 6% in morning trading. At the time of writing, the stock was up 6.31% to HK$55.60, with a turnover of HK$12.9996 million.

Strategic Partnership Milestone

The company recently announced via its official social media account that its autonomous ride-hailing service, operated in partnership with ComfortDelGro, has been officially integrated into the Singapore-based ride-hailing platform Zig. This integration makes the service fully available for public booking. This move signifies that the autonomous vehicle pilot project in the Punggol area, previously operating on an invitation-only basis, has now transitioned to a public service. It represents a further step in the company's dual-engine growth strategy focused on both China and international markets.

Expanding Global Footprint

Since the beginning of the year, the company has been actively advancing its dual-engine strategy. While continuing to deepen its presence in China's four first-tier cities—Beijing, Shanghai, Guangzhou, and Shenzhen—it has also expanded into the new first-tier cities of Hangzhou and Changsha. Significant progress has been made in overseas markets across the Middle East, Europe, and Asia. In April, the company commenced driverless testing in Dubai, UAE. During the same month, in collaboration with Verne and Uber, it launched Europe's first commercial Robotaxi service in Croatia. In May, partnering with Bolt and Stellantis, it initiated testing of its seventh-generation Robotaxi vehicles in Luxembourg.