Pony AI has increased its Robotaxi production and commercialization efforts, launching public road testing for its seventh-generation robotaxis in China, targeting mass production by 2025. The stock has been added to the NASDAQ Golden Dragon China Index, broadened its exposure to investors, and received a buy rating from Bank of America with a price target of $21. Analysts support Pony's expansion due to collaboration with various groups and an impressive track record of over 1.24 million miles of testing for its autonomous driving technology.
"Targeting 2025 as its 'mass production year,' Pony.ai is transitioning from technology demonstration to large-scale deployment."
"We believe the cooperation with Xihu Group in Shenzhen, GPTG in Guangzhou, and RTA in Dubai proves Pony's strong AD technology and adds conviction to its robotaxi fleet size expansion target."
"Level 4 autonomous driving refers to a highly advanced form of vehicle automation in which a car can operate completely without human intervention under specific conditions or within certain areas."
With further progress likely, we wouldn't be shocked to see PONY test $15 a share near term.
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