BofA notes that Pony AI (PONY) announced on 27 May that it entered into an MoU with Dubai’s Roads and Transport Authority to deploy its advanced robotaxi fleet in the region and that both parties held a robotaxi unveiling ceremony on July 7. In addition, Pony AI announced a strategic partnership with Shenzhen Xihu Group, the city’s largest taxi operator, on June 2 and Pony and Guangzhou Public Transport Group signed a strategic cooperation framework agreement on May 28, the analyst points out. BofA has a Buy rating and $21 price target on Pony AI shares.
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