Pony AI Stock Jumps Another 41% After Soaring 56% Last Week on Multiple Positive Catalysts

Tiger Newspress
28 Apr

Chinese robotaxi operator Pony AI's stock rose another 41% in morning trading on Monday, after soaring 56% last week due to multiple positive catalysts.

The Nasdaq-listed company which specializes in autonomous vehicle technology, particularly robotaxis and robotrucks, said in a press release that the deal will include cooperation in areas such as cloud services, map data, information security and intelligent cockpit ecosystems.

Pony AI said Friday it will develop autonomous driving technology in partnership with Tencent Cloud and offer robotaxi services on tech giant Tencent’s WeChat and other applications.

The arrangement will also see the two companies integrate Pony.ai’s robotaxi ride-hailing services within Tencent’s popular WeChat app as well as other applications like Tencent Maps.

Meanwhile, Pony AI is considering a secondary listing less than six months after its US IPO, amid mounting concern that President Donald Trump’s administration will pursue delistings of Chinese companies.

“It’s nothing concrete yet, but definitely it’s something we’re contemplating,” said James Peng, co-founder and chief executive, in an interview with the Financial Times at this week’s Shanghai auto show. “A lot of factors need to be considered.”

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