Pony AI Inc. (NASDAQ:PONY) is one of the Most Promising New Technology Stocks According to Wall Street Analysts. On May 20, Ming-Hsun Lee from Bank of America Securities maintained a Buy rating on Pony AI Inc. (NASDAQ:PONY) with a price target of $21.
Lee highlighted the company’s advancements in robotaxi technology, especially its seventh-generation robotaxi now in mass production. He noted that the latest model uses 100% automotive-grade parts and has cut production costs significantly, improving unit economics and scalability.
A closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.
Pony AI Inc. (NASDAQ:PONY) aims to expand its robotaxi fleet to 1,000 vehicles by the end of 2025. Moreover, the company also plans to increase service density in major Chinese cities and build international partnerships, which should boost profitability and commercial deployment. Lee highlighted that the company’s proprietary Virtual Driver technology is a key competitive advantage, integrating software, hardware, and services for reliable autonomous driving.
Pony AI Inc. (NASDAQ:PONY) is a technology company that specializes in autonomous vehicle technology. It runs fully driverless robotaxi services and develops robotrucks with safety drivers for freight delivery within a logistics network.
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Disclosure: None. This article is originally published at Insider Monkey.
