Why Pony AI Stock Surged More Than 7% Higher Today

Autonomous driving technology specialist Pony AI (NASDAQ: PONY) had a fine Wednesday on the stock exchange, following news of the launch of an important pilot project in its native China. With that, investors turbocharged the stock, sending it more than 7% higher in value. That was more than good enough to top the 0.8% rise of the bellwether S&P 500 index.That morning, Pony AI reported that vehicles powered by its self-driving technology and manufactured by Beijing Automotive Industry Corp. (BAIC) have begun road testing in Beijing. The seventh-generation BAIC robotaxis will be put through their paces in the capital city's specialized High-Level Autonomous Driving Demonstration Zone. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool