Deutsche Bank analyst Bin Wang initiated coverage of Pony AI (PONY) with a Buy rating and $20 price target Pony is a global leader in large-scale commercialization of autonomous mobility, mainly “level 4” robotaxis, the analyst tells investors in a research note. The firm says Pony AI is the only robotaxi technology company that has obtained all available regulatory permits in tier-one cities in China, including public-facing, fare-charging robotaxi services without safety drivers in Beijing, Guangzhou and Shenzhen, and public-facing road-testing robotaxis in Shanghai. It expects Pony’s “Robotaxi” and “Robotruck” businesses to continue to generate a rising share of total revenue – from 58% in 2024 to 97% in 2030.
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