The reason why the pony AI soared this week

Pony (pony 32.05%)) Stocks posted explosive profits this week. According to data from S & P Global Market Intelligence, the stock price of Chinese autonomous vehicle technology companies recorded 42.7%compared to last week’s deadline.

The evaluation of Pony AI has been higher this week since the company announced that this week has launched a Robotaxi service in Guangzhou, China. The company’s share price rose 64.5% in the first IPO market in November.

Pony AI in stock as the Robotaxi operation began in Guangzhou

Pony announced that it started Robotaxi operations in Guangzhou on Friday and announced a press release that it started a strong rally on stocks. The company pointed out the Guangzhou City Center as the first and only company to operate Robo Taxi, which connects Guangzhou Bai Prefecture International Airport and Guangzhou South Train Station. The rollout follows the service debut in Beijing, and the company connects the rider to the DAXING International Airport and Beijing South Railway Station through commercial Robo Tax.

Next step of Pony AI

In addition to the Robotaxi service, Pony AI works in autonomous trucks. In January, it became the first company to be approved by Robotruck Fleet Testing on the highway that connects major China. As part of the test, the truck on the front of the caravan had human safety operators and autonomous vehicles followed.

Following this week’s large stock price profit, PONY AI currently has a market cap of about $ 8.3 billion and its estimated sales of about 91 times this year. The company’s high growth -dependent evaluation can set the steps for stocks to see volatile transactions, but autonomous driving experts have won an encouraging victory.

Pony AI appears to be deployed as one of the main partners of autonomous vehicles after being approved by Chinese regulators. If it continues, stocks can have a long -term rise.