Pony.ai HK shares at 3-week high on strong quarter revenue, outlook optimism
BUZZ-Pony.ai HK shares at 3-week high on strong quarter revenue, outlook optimism ** Hong Kong shares of Chinese autonomous driving company Pony.ai 2026.HK climb 7.3% in the fifth straight rising session to HK$77.75, their highest point since May 7
** Stock on course for the biggest one-day pct gain since April 16; sixth biggest pct gainer in Hang Seng Composite Index on IT stocks .HSCIIT, which slips 0.9%
** U.S.-listed stock PONY.O rose 4.7% on Tuesday
** Pony.ai posted its strongest quarter in terms of revenue from its core robotaxi services, which rose almost fivefold to $8.6 million in the first three months, with total revenue up 145% y/y to $34.3 million
** Co said it is aiming for its robotaxi fleet to grow to 3,500 by the end of the year, from over 1,700 vehicles currently, and up 16.7% from an initial target of 3,000
** Co expects full-year robotaxi revenue to exceed 3.5 times the levels in 2025, up from an earlier forecast of 3 times
** YTD, Hong Kong stock down 35.4%, U.S.-listed shares down 35.6%
(Reporting by Donny Kwok)
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