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Pony AI expands robotaxi services to Shanghai; analysts remain bullish
ByAinvest
Sunday, Aug 3, 2025 2:48 am ET1min read
Pony AI expands robotaxi services to Shanghai; analysts remain bullish
Pony AI Inc. (NASDAQ: PONY) has further cemented its market presence by expanding its Robotaxi services to Shanghai. The company has obtained a permit to operate fully driverless commercial Robotaxi services in the Pudong financial district, marking a significant milestone in its growth trajectory. This expansion follows the company's achievement of a 2-million-kilometer road testing milestone, which has bolstered its position in the robotaxi industry [1].The move into Shanghai allows Pony AI to become the sole entity with fully driverless commercial Robotaxi service permits in all four of China's tier-one cities—Beijing, Shanghai, Guangzhou, and Shenzhen [1]. This strategic expansion is part of the company's broader strategy to accelerate its vehicle launches and prepare for more significant market penetration.
Analysts remain optimistic about Pony AI's prospects. Goldman Sachs analyst Allen Chang recently maintained a "Buy" rating on the stock and set a price target of $26.00, reflecting confidence in the company's strategic advancements and growth potential in the autonomous vehicle sector [3]. The company's focus on technological innovation, including the development of lower-cost hardware and enhanced software capabilities, is likely to drive further growth and investment interest.
Pony AI's CFO, Leo Haojun Wang, has emphasized the company's commitment to mass production as the robotaxi industry accelerates. The company is set to report its second-quarter 2025 financial results on August 12, 2025, providing investors with further insights into its financial performance and growth prospects [3].
In summary, Pony AI's expansion into Shanghai and its strong analyst support position it well to continue its growth trajectory. The company's focus on technological innovation and strategic market expansion is likely to attract further investment and drive its success in the autonomous vehicle sector.
References:
[1] https://finance.yahoo.com/news/pony-ai-pony-soars-16-152640122.html
[2] https://www.marketscreener.com/news/weride-records-another-strong-quarter-in-q2-2025-revenue-hits-us-17-8-million-robotaxi-revenue-inc-ce7c5fd2da8bf427
[3] https://finance.yahoo.com/quote/PONY/news/
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