On September 4, PONY-W rose 5.77% in regular trading, reaching HK$58.7 per share, with turnover of approximately HK$72.25 million. The rally was driven by a cluster of recent positive developments spanning commercial partnerships and strong quarterly results.
On August 25, multiple subsidiaries of the company signed three logistics framework agreements with Sinotrans and its affiliates, while raising the annual cap for autonomous truck transportation services to US$93 million. The partnership leverages Sinotrans' global logistics network to support the company's domestic and overseas expansion of both Robotaxi and Robotruck operations.
The company's Q2 earnings released on August 18 showed total revenue of US$36.2 million, up 68.8% year-over-year. Robotaxi revenue surged 691.2% YoY to US$12.1 million, contributing one-third of total revenue for the first time. Additionally, the company expanded its Uber partnership to deploy over 2,000 Robotaxis across five European cities, and its fourth-generation Robotruck entered mass production, marking the shift from validation to scaled deployment.
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