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Citi: CN Resumption of Robotaxi License Issuance Reinvigorates Sector, Boon to Pony AI
2026-07-24 15:56:28
China has resumed issuing Robotaxi licenses, which is anticipated to reinvigorate growth momentum for Robotaxi-related companies and benefit Pony AI Inc. (PONY.US) (02026.HK), Citi opined in a research report.

The development also bodes well for market participants including WeRide Inc. (WRD.US) (00800.HK), XPeng Inc. (XPEV.US) (09868.HK), Hesai Group (HSAI.US) (02525.HK) and HORIZONROBOT-W (09660.HK).

The broker noted that Pony AI Inc. recently announced a strategic partnership with JD Auto Care to integrate its fleet management platform with JD Auto Care's nationwide network in China.

Citi gave Pony AI Inc. a USD24.5 target price with a rating of Buy/High Risk.
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AASTOCKS Financial News
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