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Pony AI (PONY) Commences Robotaxi Service in Zagreb

Pony AI Inc. (NASDAQ:PONY) is one of the 7 oversold stocks to buy with double-digit ROE growth.

On April 8, Pony AI Inc. (NASDAQ:PONY) revealed that their robotaxi services in collaboration with Verne and Uber Technologies Inc. (NYSE:UBER) had kicked off commercially in Zagreb, Croatia. It represents the first commercial operation in Europe involving robotaxis, and customers can book and make payments for these services using the Verne app.

Photo by NeONBRAND on Unsplash

It is also possible to book these rides through the Uber app. The current operational coverage is approximately 90 square kilometers within important parts of Croatia’s capital, such as Zagreb Airport, and will soon extend across the whole city.

Earlier on April 7, Pony AI Inc. (NASDAQ:PONY) revealed that the company’s autonomous mobility solution, which was run with the cooperation of ComfortDelGro in Singapore, got the green light to start by-invite rides, marking the beginning of the final stage before opening to public usage.

The development marks progress in the company’s dual-engine growth model, which entails expanding the autonomous mobility solution in China as well as in other countries. The 12-kilometer-long route is operational in northeast Punggol and connects the residents of Punggol Northshore and Waterway Sunrise to facilities such as Oasis Terraces, Punggol Plaza, One Punggol, and Punggol Coast Mall while giving them access to the Punggol Coast MRT station and bus interchange.

Pony AI Inc. (NASDAQ:PONY) is involved in the autonomous mobility sector. It provides several services for AV, which include software deployment, vehicle engineering, and more. It also offers logistics platforms with transportation services, along with licensing and applications business that includes personally owned vehicle intelligent solutions, data analytics tools, and more.

While we acknowledge the risk and potential of PONY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PONY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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