US Stock Market Move | Pony.ai (PONY.US) rises nearly 5% as the seventh generation of autonomous Robotaxi starts mass production and road testing.

On Monday, Pony.ai (PONY.US) rose nearly 5% to $13.65 per share. On the news front, Pony.ai recently announced that its seventh-generation autonomous driving system will be tested on the road in Shenzhen with the Beiqi Foton Motor Co., Ltd. Alpha T5 Robotaxi. Following the Ambarella, Inc.-backed GM Cruise Robotaxi receiving intelligent connected vehicle road test licenses in Guangzhou and Shenzhen, Pony.ai's seventh-generation Robotaxi has multiple models entering the mass production stage and beginning public road testing. In addition, a research report by Goldman Sachs Group, Inc. stated that with government policy support, increased consumer acceptance, and rapid development of related technologies, leading Chinese Robotaxi operators are expected to accelerate the commercialization process in the coming years. It is projected that the forecast for the China Robotaxi market size will be adjusted upwards by 9%-35%, reaching $14 billion and $61.2 billion by 2030 and 2035, respectively.