未来一到三年将是小马智行面临关键节点的时期。若它能够稳定扩大车队、提升出车率、降低单位运营成本、并在下一个财季改善现金流状况，则或许能赢回市场信心。反之，则有可能沦于“科技题材热潮退却”的案例。11月6日，小马智行（2026.HK，Pony AI）在香港交易所敲响了上市的钟声，作为自动驾驶赛道的“明星选手”，它披着科技光环，募资数十亿港元，承载未来出行的幻想。IPO当日小马智行股价先伏后起，只录得...
Source Link未来一到三年将是小马智行面临关键节点的时期。若它能够稳定扩大车队、提升出车率、降低单位运营成本、并在下一个财季改善现金流状况，则或许能赢回市场信心。反之，则有可能沦于“科技题材热潮退却”的案例。11月6日，小马智行（2026.HK，Pony AI）在香港交易所敲响了上市的钟声，作为自动驾驶赛道的“明星选手”，它披着科技光环，募资数十亿港元，承载未来出行的幻想。IPO当日小马智行股价先伏后起，只录得...
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