NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, has today become the first company in China to receive approval for robotruck platooning tests on cross-provincial highways connecting Beijing, Tianjin, and Hebei Province, marking a major milestone in the Company’s pursuit of large-scale commercialization of autonomous trucking.
Pony.ai (NASDAQPONY), a global leader in the large-scale commercialization of autonomous mobility, announced that it plans to provide driverless transportation services at the Hong Kong International Airport (HKIA), one of the world's busiest airports. Pony.ai also plans to gradually expand its robotaxi transportation services into urban Hong Kong in the future. The Airport Authority Hong Kong recently showcased several autonomous vehicles to the media, including Pony.ai's seven-seat, sixth-generation robotaxi. Pony.ai plans to initially shuttle airport employees.
Pony AI, a Chinese autonomous driving tech leader, debuted on Nasdaq in Nov. Goldman Sachs says it has the largest Level 4 fleet in China. Analyst Allen Chang gave a Buy rating and $19.60 price target, citing first driverless robotaxis in 4 cities and potential for growth and profitability in the future.
Shares of driverless tech company Pony AI opened for trading on Wednesday and jumped as much as 19% after the U.S. IPO. The company sold 20 million ADS in the offering for $13 per share to raise $260 million.
Pony AI CEO James Peng emphasized the company's strategic focus on supply chain diversification and international market expansion following its Nasdaq debut, as the autonomous driving technology firm navigates ongoing U.S.-China tensions.
Pony AI Inc debuted on the Nasdaq Global Select Market today, pricing its initial public offering at $13 per ADS. The offering of 20 million ADSs, along with a 30-day underwriters' option for 3 million additional ADSs, aims to raise $260 million in gross proceeds.
NASDAQ MarketSite – Pony.ai, a global leader in autonomous driving technology, today listed on the Nasdaq Global Select Market (NASDAQPONY) and celebrated its initial public offering by ringing the Nasdaq opening bell. The IPO marks a significant milestone in Pony.ai’s journey toward global leadership in the large-scale commercialization and mass production of autonomous vehicles.
