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Investing.com -- Shares of Pony Ai Inc (NASDAQ:PONY) continued their upward trajectory, soaring 21.4% in premarket trading after a 39.4% rise yesterday. The significant increase follows the announcement of the company’s seventh-generation robotaxi lineup and a strategic partnership with Tencent (HK:0700) Cloud to advance autonomous driving technology and expedite the commercial deployment of Robotaxi services. This collaboration is expected to leverage Pony.ai’s autonomous driving capabilities with Tencent’s extensive ecosystem, which includes Weixin, Tencent Maps, and their cloud computing, big data, and AI infrastructure.
The partnership, announced on April 25, aims to enhance Pony.ai’s Robotaxi services by integrating them into Tencent’s Weixin "Mobility Services" platform and Tencent Maps. This integration is anticipated to extend the reach of Pony.ai’s transportation solutions to a larger customer base. Additionally, the collaboration will drive innovation in operational models, product features, and in-car entertainment systems, aiming to improve the Robotaxi user experience.
Pony.ai will also utilize Tencent’s expertise in cloud computing, big data, virtual simulation, and AI to strengthen its proprietary PonyWorld virtual model. This model is designed to simulate real-world driving challenges more effectively, enhancing the autonomous vehicles’ adaptability and decision-making in extreme scenarios.
Dr. James Peng, Co-founder and CEO of Pony.ai, expressed enthusiasm about the partnership, stating, "We are excited to collaborate with Tencent Cloud, a trusted technology partner that shares our vision of bringing safe and intelligent mobility solutions to everyone." Mr. Xiangping Zhong, Vice President of Tencent Group, echoed these sentiments, highlighting Pony.ai’s leadership in the autonomous driving industry.
The stock’s recent surge also follows Pony.ai’s announcement at the Shanghai International Automobile Industry Exhibition on April 23, revealing their seventh-generation Robotaxi lineup. The new models, which are set to be mass-produced starting mid-2025, are developed in collaboration with Toyota (NYSE:TM), BAIC, and GAC.
Pony.ai’s latest autonomous driving system is reported to have a 100% automotive-grade ADK and a 70% reduction in BOM costs, with a modular platform architecture that allows for easy adaptation across different vehicle models. These advancements are expected to provide passengers with enhanced stability and safety while maintaining scalability at a manageable cost.
In response to the company’s performance, Argus’ Randall Schut provided his insights, "Chinese AI company Pony (PONY) has been soaring this week and looks to keep that momentum going today."
Investors appear to be reacting positively to Pony.ai’s recent developments, which could potentially reshape the future of the autonomous driving industry.
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