• Like
  • Comment
  • Favorite

Pony AI May Not Turn Profitable Until 2029 -- Market Talk

Dow Jones01-15

0238 GMT - Pony AI is likely to continue recording losses between 2024 and 2028 before turning a profit in 2029, Deutsche Bank analyst Bin Wang writes in a note. The company is a global leader in the large-scale commercialization of autonomous mobility, mainly level 4 robotaxis, Wang says. Level 4 refers to fully self-driving vehicles that don't need a driver in most instances. It is the only robotaxi company that has obtained all available regulatory permits in Chinese Tier-1 cities. DB expects robotaxis to benefit from exponential growth in China with annual sales volume growing from 2,000 units last year to 600,000 units in 2030.China's nationwide robotaxi fleet size is tipped to grow to 1 million units from around 3,000 units in 2024. Deutsche Bank initiates coverage of the stock with a buy rating and target price of $20.00. Shares last closed at $14.13. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

(END) Dow Jones Newswires

January 14, 2025 21:38 ET (02:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
errorbox banner

抱歉,当前请求异常(-1)

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial