Pony AI Inc. American Depositary Shares (PONY)

UBS analyst Paul Gong initiated coverage on Pony AI with a buy rating and $20 price target, predicting 96% annual sales growth through 2030. The stock has climbed 14.6% over the past few days, driven by optimism about its robotaxi services in China.

Pony AI has obtained a permit to provide fully driverless commercial robotaxi services in Shanghai's Pudong New Area, becoming one of the first companies to receive such approval in all four of China's tier-one cities.

Uber is in preliminary discussions with co-founder Travis Kalanick to potentially fund an acquisition of Pony AI's U.S. division, causing Pony AI's stock to surge.

Pony.ai, a Chinese autonomous vehicle manufacturer, has partnered with Uber to deploy its robotaxis on the Uber rideshare platform, sending the stock price up 4%. The partnership aims to commercialize autonomous mobility technology and expand to international markets.