We recently published a list of These 10 Stocks Exploded by Double Digits Today. In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other best-performing stocks.
Pony AI soared by 22.63 percent on Tuesday to finish at $21.35 apiece following news that it partnered with Dubai’s Roads and Transport Authority (RTA) to deploy its advanced robotaxi fleet in the region.
Pony AI Inc. said the partnership supports Dubai’s 2030 Smart City Vision, which targets to transition 25 percent of its transportation to autonomous mode by 2030.
According to the company, initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026.
A group of robotic vehicles navigating a terrain autonomously utilizing the company’s 3D vision technology.
Additionally, Pony AI Inc. plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, as well as ramp up its robotaxi fleet globally to thousands of vehicles within the next two years.
The company also said that it collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis.
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This article is originally published at Insider Monkey.
