Shares of PONY-W (HKEX: 02026)

rose more than 6%, with a gain of 6.49% to HK$85.3 at the time of writing, on a trading volume of HK$32.34 million.

The company recently released its first-quarter 2026 financial results, reporting total revenue of RMB 236 million, a 145% year-over-year increase. Gross profit reached RMB 38.36 million, up 140.1% from the same period last year.

Its Robotaxi business set a new quarterly revenue record of RMB 59.12 million, marking a 395.4% surge and exceeding half of the segment's total revenue for the previous year.

Buoyed by the strong first-quarter performance, the company has raised its full-year 2026 target for the Robotaxi business. It now expects annual Robotaxi revenue to surpass 3.5 times the level achieved in 2025, with a fleet size exceeding 3,500 vehicles.

Additionally, a research note from Huatai Securities indicated that the company, as a weighted voting rights entity, is expected to meet the listing duration requirement for inclusion in the Hong Kong Stock Connect scheme, potentially as early as June 4th.