Pony AI Secures Shenzhen's First Citywide Driverless Robotaxi Permit, Marking Major Autonomous Vehicle Milestone
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Pony AI Achieves Major Milestone With Shenzhen Driverless Commercial Permit - Pony AI (NASDAQ:PONY)
Pony AI Inc. (NASDAQ:PONY) shares traded higher in premarket on Friday after the company disclosed that it has received Shenzhen's first citywide permit for fully driverless commercial robotaxi operations. Details This marks a major step toward large-scale driverless commercialization in one of China's major cities. The permit, jointly issued to Pony.ai and Shenzhen Xihu Corporation Limited, which is the city's largest taxi operator, authorizes fully driverless robotaxi services across Shenzhen. Also Read: Stellantis Teams Up With Pony AI To Bring Self-Driving Electric Vans To Europe The companies will launch operations in Nanshan, Qianhai, and Baoan, with plans to expand citywide. Notably, this week, Pony.ai launched its Hong Kong IPO of 41,955,700 Class A shares in a public offering and an international offering, both starting October 28, 2025. Recent Key Events A media report stated that Uber is planning to invest about $100 million in Pony AI's share sale. Also, the company disclosed that it had produced its 300th ARCFOX Alpha T5 robotaxi, a significant production milestone that accelerates its push toward large-scale commercial services. Price Action: PONY shares are up 5.31% at $20.81 premarket at the last check on Friday. Read Next: Uber Partners With Nvidia To Scale Autonomous Driving Globally, CEO Dara Khosrowshahi Calls Chipmaker 'Backbone Of The AI Era' Photo: Shutterstock PONYPony AI Inc$19.57-0.94%OverviewMarket News and Data brought to you by Benzinga APIs
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Pony.ai shares climb on Shenzhen's first citywide driverless taxi permit By Investing.com
Investing.com -- Pony.ai shares rose as much as 7.7% in premarket trading on Friday after the autonomous vehicle technology company announced it received Shenzhen's first citywide permit for fully driverless commercial robotaxi operations. The permit was jointly granted to Pony.ai and Xihu Group, according to the company's statement. The two companies plan to deploy more than 1,000 units of Pony.ai's seventh-generation robotaxis throughout Shenzhen over the next few years. This development marks a significant expansion in China's autonomous vehicle market, with Shenzhen becoming the latest major Chinese city to authorize fully driverless commercial operations. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Pony AI receives Shenzhen's first citywide permit for fully driverless commercial robotaxi operations, partnering with local taxi operator to deploy over 1,000 autonomous vehicles across China's tech hub.
Regulatory Breakthrough in Autonomous Vehicles
Pony AI Inc. (NASDAQ:PONY) has achieved a significant milestone in the autonomous vehicle industry by securing Shenzhen's first citywide permit for fully driverless commercial robotaxi operations
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. This regulatory approval represents a major step toward large-scale driverless commercialization in one of China's most technologically advanced cities, positioning Pony AI at the forefront of the autonomous vehicle revolution.
Source: Benzinga
The permit was jointly issued to Pony AI and Shenzhen Xihu Corporation Limited, the city's largest taxi operator, authorizing fully driverless robotaxi services across the entire metropolitan area
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. This partnership strategy demonstrates how autonomous vehicle companies are collaborating with established transportation operators to accelerate market penetration and regulatory acceptance.Operational Expansion Plans
The companies plan to launch initial operations in three key districts: Nanshan, Qianhai, and Baoan, with ambitious plans to expand services citywide
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. According to the deployment strategy, Pony AI and Xihu Group intend to deploy more than 1,000 units of Pony AI's seventh-generation robotaxis throughout Shenzhen over the next few years2
.This large-scale deployment represents one of the most significant autonomous vehicle rollouts in China's history, potentially serving as a model for other major cities considering similar programs. The phased approach, starting with specific districts before expanding citywide, reflects a measured strategy designed to ensure operational safety and regulatory compliance.
Market Response and Financial Impact
Investor response to the announcement was overwhelmingly positive, with Pony AI shares climbing as much as 7.7% in premarket trading on Friday
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. The stock surge reflects market confidence in the company's ability to capitalize on this regulatory breakthrough and translate it into commercial success.The timing of this announcement coincides with Pony AI's ongoing Hong Kong IPO, which launched this week with an offering of 41,955,700 Class A shares
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. Additionally, reports indicate that Uber is planning to invest approximately $100 million in Pony AI's share sale, further validating the company's market position and growth prospects.Related Stories
Production Milestones and Industry Context
Pony AI recently achieved another significant milestone by producing its 300th ARCFOX Alpha T5 robotaxi, demonstrating the company's manufacturing capabilities and commitment to scaling operations
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. This production achievement accelerates the company's push toward large-scale commercial services and provides the necessary vehicle inventory to support the Shenzhen deployment.This development marks Shenzhen as the latest major Chinese city to authorize fully driverless commercial operations, joining a growing list of municipalities embracing autonomous vehicle technology . The regulatory approval in Shenzhen, known as China's Silicon Valley, carries particular significance due to the city's role as a technology innovation hub and its influence on national policy development.
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