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Benzinga

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Henry Khederian

EXPLAINED: Pony ai stock dips despite major shanghai robotaxi permit - The Real Truth

Pony Pony AI Shanghai Pony AI Inc

Pony.ai

Shares of autonomous driving firm Pony AI Inc (NASDAQ:PONY) are trading lower Tuesday, bucking positive operational news. The company announced Monday it secured a landmark permit for fully driverless commercial robotaxi services in Shanghai’s Pudong financial district.

What To Know: This approval makes Pony AI the only company with permits for fully driverless commercial operations across all four of China’s tier-one cities: Beijing, Shanghai, Guangzhou and Shenzhen.

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