Movement Alert|PONY-W Rises 5.16% in Regular Trading, CITIC Securities Maintains Buy Rating as European Robotaxi Commercialization Accelerates

Market Focus09-23 10:44

On September 23, PONY-W rose 5.16% in regular trading, reaching HK$56.05 per share, with turnover of approximately HK$29.94 million.

On the news front, CITIC Securities issued a research note on September 22, maintaining a Buy rating on PONY-W with a target price of HK$132, while reiterating revenue forecasts of US$145 million, US$294 million, and US$702 million for the next three fiscal years. The broker highlighted that the company has officially launched fully driverless Robotaxi passenger testing on public roads in Zagreb, Croatia, marking substantive progress in its overseas commercialization efforts. The company has now locked in overseas deployment plans exceeding 4,000 Robotaxis.

These developments build on a strong operational trajectory. In Q2, Robotaxi service revenue surged 691.2% year-over-year, contributing one-third of total revenue for the first time. The company also expanded its partnership with Uber to deploy over 2,000 Robotaxis across five European cities, representing one of the largest such plans on the continent. BNP Paribas also recently upgraded the stock to Outperform.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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