An announcement from Pony AI Inc. Sponsored ADR ( (PONY) ) is now available.
Pony AI Inc. has received a permit from Luxembourg’s Ministry of Mobility and Public Works to begin Level 4 Robotaxi testing, marking a significant milestone as it establishes its first European research and testing hub in Luxembourg. This development, in partnership with Emile Weber, positions Pony AI as a pioneering autonomous vehicle company in Europe, enhancing its industry positioning and operational capabilities in the region. Throughout 2024, the company has strategically expanded its European presence, including a Memorandum of Understanding with Luxembourg’s government and a partnership with Emile Weber to advance autonomous mobility solutions.
More about Pony AI Inc. Sponsored ADR
Pony AI Inc. is a global leader in the commercialization of autonomous mobility, leveraging its vehicle-agnostic Virtual Driver technology to integrate proprietary software, hardware, and services. Founded in 2016, the company has expanded its presence across China, Europe, East Asia, the Middle East, and other regions, ensuring widespread accessibility to its advanced technology.
YTD Price Performance: -50.23%
Average Trading Volume: 1,610,691
Current Market Cap: $2.75B
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