Pony AI May Not Turn Profitable Until 2029 -- Market Talk

Dow Jones
01-15

0238 GMT - Pony AI is likely to continue recording losses between 2024 and 2028 before turning a profit in 2029, Deutsche Bank analyst Bin Wang writes in a note. The company is a global leader in the large-scale commercialization of autonomous mobility, mainly level 4 robotaxis, Wang says. Level 4 refers to fully self-driving vehicles that don't need a driver in most instances. It is the only robotaxi company that has obtained all available regulatory permits in Chinese Tier-1 cities. DB expects robotaxis to benefit from exponential growth in China with annual sales volume growing from 2,000 units last year to 600,000 units in 2030.China's nationwide robotaxi fleet size is tipped to grow to 1 million units from around 3,000 units in 2024. Deutsche Bank initiates coverage of the stock with a buy rating and target price of $20.00. Shares last closed at $14.13. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

January 14, 2025 21:38 ET (02:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10