Pony.ai Commences Mass Production of Gen-7 Robotaxi, Targets 1,000-Vehicle Fleet by Year-End

Pony AI Inc. (NASDAQ:PONY) is one of the best new tech stocks with huge upside potential. On July 10, Pony AI commenced the mass production of its 7th-generation (Gen-7) Robotaxi to expand its fleet to 1,000 vehicles by the end of 2025. The company revealed its Gen-7 autonomous driving system at the Shanghai Auto Show in April this year.

Following this, mass production of the Guangzhou Automobile Group/GAC Gen-7 Robotaxi models began in June, and Beijing Automotive Industry Corporation/BAIC Gen-7 Robotaxi models started in July. The Gen-7 system features a platform-based design that allows for quick adaptation across different vehicle models.

Pony.ai Commences Mass Production of Gen-7 Robotaxi, Targets 1,000-Vehicle Fleet by Year-End

A fleet of electric vehicles in a cityscape, representing the companies success in urban transportation.

It is notable for being the first in the world to utilize 100% automotive-grade components. This design also reduces the bill-of-materials expenses for the autonomous driving kit by 70% compared to the earlier generation. Following the commencement of mass production, Pony AI also initiated road testing of the Gen-7 Robotaxis in Guangzhou and Shenzhen.

Pony AI Inc. (NASDAQ:PONY) engages in the autonomous mobility business in China, the US, and internationally.

While we acknowledge the potential of PONY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PONY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.