Auto Added by WPeMatico
Shares of Pony AI (NASDAQ: PONY) soared 112% in May, according to data from S&P Global Market Intelligence. The upstart is trying to bring self-driving and autonomous vehicle technology to the masses, with a focus on the Chinese market. It has a market cap of $4.67 billion but minimal sales and huge operating losses. However,…
Shares of the Chinese autonomous-driving company Pony AI (NASDAQ: PONY) were falling this morning. The decline came after reports that TuSimple, a maker of self-driving trucks, sent sensitive autonomous-vehicle data to China even as it promised the U.S. government not to disclose information based on national security concerns, according to The Wall Street Journal. Pony…
Shares of the Chinese autonomous driving company Pony AI (NASDAQ: PONY) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai‘s Roads and Transport Authority (RTA) to use the company’s self-driving vehicles in the region. Another partnership Since Pony AI debuted its…
