China-based Pony AI (PONY) is jumping 25% after the company announced that it had launched new robotaxi services in China.
Pony's New Robotaxi Services
Pony disclosed today that it had begun providing "paid robotaxi services from multiple locations in Guangzhou’s city center to Guangzhou Baiyun International Airport and Guangzhou South Railway Station."
According to Pony, it is the only company providing rides to the public on robotaxis on these routes. Further, the firm stated that the demand for robotaxis on the two routes would be "high."
According to World Population Review, Guangzhou's population as of last year stood at 14.59 million. And Statista predicts that the city's population will surge to almost 17 million by 2035.
Pony's Comments
“By offering autonomous rides from the heart of the city to key transit hubs, we’re providing practical, real-world services which meet the needs of travelers and city residents alike, solidifying Pony.ai’s status as a global leader in the large-scale commercialization of autonomous mobility.” Dr. James Peng said in a statement.
The Recent Price Action of PONY Stock
In the last five days, PONY is up 37%. In the last month, the shares have jumped 72%, while they have advanced 58% so far in 2025.
While we acknowledge the potential of PONY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PONY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.
