Pony AI HK shares hit record low on quarterly profit margin miss

Pony AI

27/03/2026 04:38

** HK shares of Pony AI 2026.HK slip 15.6% to HK$73.2, lowest since debut on November 6; stock logs biggest one-day pct decline since debut

** Top pct loser on Hang Seng Composite Index on IT stocks .HSCIIT, which is up 0.2%

** Overnight, U.S.-listed stock PONY.O dips 14.7% to lowest since May 2025

** Chinese autonomous driving firm expects to more than double fleet of robotaxis powered by its tech to more than 3,000 units across more than 20 cities globally this year

** Posts Q4 profit of $75.5 mln, its first profitable quarter

** However, Citi ("buy") says Q4 gross profit margin below estimates

** YTD, HK stock down 36.1%, U.S.-listed shares fall 33%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))