U.S. Stock Movement | Pony AI Inc (PONY.US) Rises Nearly 8% as It Aims for 1,000 Vehicle Fleet and Achieves Break-even on a Per Vehicle Basis
Stock News
Oct 24
Pony AI Inc (PONY.US) saw its stock price surge by nearly 8% on Friday, reaching $19.29. The surge follows the company’s announcement of the launch of its 300th jointly manufactured ARCFOX Alpha T5 autonomous taxi, marking a significant production milestone that accelerates its progress toward large-scale deployment and commercialization. With the steady production and rollout of its seventh-generation Robotaxi fleet, Pony AI is advancing toward its year-end goal of expanding its fleet to 1,000 vehicles and achieving economic break-even on a per vehicle basis. Additionally, reports indicate that Pony AI plans to go public in Hong Kong within two weeks, aiming to raise over $500 million.
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